Move lawsuit against Zillow clears contempt hurdle with settlement

Move lawsuit against Zillow clears contempt hurdle with settlement

Move declares "full steam ahead" in prosecution

Twitter roundup of this week's top housing articles

CFPB heads up the list

Shaky housing market about to get even shakier

When will we all stop kidding ourselves?
W S

Items Tagged with 'Ocwen'

ARTICLES

Ocwen offering indemnification to company directors and executive officers

Is more legal trouble imminent?
Ben Lane
By its own admission, Ocwen Financial is facing 21 pending investigations in 15 different states, is currently facing delisting by the New York Stock Exchange for delaying the release of its annual report, and has run afoul of investors and homeowners alike. Is that why it began offering indemnification to its directors and executive officers?
Read More

Nationstar to fund MSR purchases with stock offering

Announces plans to sell 17.5 million shares of common stock
Ben Lane
In the last month, Nationstar Mortgage reached two separate agreements with Ocwen Financial to purchase nearly $35 billion worth of mortgage servicing rights. Nationstar is planning to fund those purchases by executing a public offering of common stock.
Read More

Ocwen faces delisting from New York Stock Exchange

Is the HLSS situation the iceberg that sinks Ocwen?
Ben Lane
The calendar may say that it’s officially Spring, but Ocwen Financial’s winter of discontent is nowhere close to being over. Now, the bank is facing delisting from the New York Stock Exchange because of its continued delays in filing its 2014 annual report.
Read More

Ocwen speeds exodus from mortgage servicing with latest, massive MSR sale

Nationstar buys in bulk, expects more deals soon
Ben Lane
In what’s becoming a weekly occurrence, Ocwen Financial announced Tuesday that it will sell off another massive agency mortgage servicing rights portfolio. The buyer this time? Nationstar, which is expecting more, similar deals to come.
Read More

Ocwen fires back at “disingenuous” charges of negligence

Accuses mortgage bond investors of being "pro-foreclosure"
Ben Lane
Ocwen Financial is doubling down in its fight against a group of mortgage bond investors that accused the nonbank of failing to properly collect payments on mortgage loans and breaching its bond covenants, charging the investors, which include BlackRock, MetLife, and PIMCO, of having a “pro-foreclosure, anti-modification” agenda.
Read More

Nasdaq delivers stern warning to Home Loan Servicing Solutions

Delayed release of annual report violates Nasdaq rules
Ben Lane
The storm clouds hanging over Home Loan Servicing Solutions just got a whole lot darker. Late Friday, Nasdaq notified HLSS that the company is no longer in compliance with the stock exchange’s rules for continued listing due to HLSS “not having timely filed” its 2014 annual report with the SEC.
Read More

Is more trouble brewing between Ocwen and HLSS?

Ocwen delays annual report; reviewing HLSS’ ability to fund servicing advances
Ben Lane
It appears that there are storm clouds on the horizon for Ocwen Financial and Home Loan Servicing Solutions. Ocwen said Wednesday that it is delaying the release of its annual report because its still examining HLSS' ability to fund new servicing advances.
Read More

Ocwen to sell $9.6 billion mortgage servicing rights portfolio to Green Tree

Ocwen agency MSR exodus continues
Ben Lane
Ocwen Financial’s exodus from agency servicing just took another giant step forward. The company announced Wednesday morning that it intends to sell a $9.6 billion mortgage servicing rights portfolio to Green Tree Servicing, a subsidiary of Walter Investment Management.
Read More

JPMorgan to buy $45B in Ocwen MSRs

Ocwen continues to quietly exit servicing
Brena Swanson
At the end of last year, Ocwen CEO Ron Faris said the company planned to exit agency servicing entirely, and at the beginning of this month, the company revealed that it had one big MSR sale lined up. Now we know that JPMorgan Chase will buy $45 billion of Ocwen mortgage-servicing rights.
Read More

Why did Altisource Residential delay its earnings call?

Working with Altisource Asset Management to “modify” agreement
Ben Lane
In recent weeks, the relationship between Altisource Residential Corporation and Altisource Asset Management Corporation has come under scrutiny from investors. Despite those calls, or perhaps because of them, the two companies’ made a joint announcement Monday to delay the companies’ earnings conference calls.
Read More