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12 Apr 2012, 2:00 pm
Earlier this month, the financial firm completed its sale of the mortgage lender to Ocwen Financial of Florida. [read post]
12 Apr 2012, 8:55 am by Sacha Boegem
Ocwen Financial Corp On April 2, 2012, Morgan Stanley completed its sale of Saxon Mortgage’s assets to Ocwen Financial Corp for $59.3 million. [read post]
12 Apr 2012, 8:55 am by Sacha Boegem
Ocwen Financial Corp On April 2, 2012, Morgan Stanley completed its sale of Saxon Mortgageā€™s assets to Ocwen Financial Corp for $59.3 million. [read post]
4 Apr 2012, 7:14 am by Ryan Blay
  Ocwen is not only servicing the lousy loans of Litton, but Saxon as well. [read post]
2 Apr 2012, 6:15 am by Mandelman
    So, do you remember the article I posted the other day about accounting for a pool of loans and how values are based on assumptions about the performance of the pool into the future? [read post]
29 Mar 2012, 9:07 am by Mandelman
  “May a party be a lawful ‘beneficiary’ under Washington’s Deed of Trust Act if it never held the promissory note secured by the Deed of Trust? [read post]
27 Mar 2012, 2:12 pm by admin
Ocwen Federal Bank, 523 U.S. 410 (1998), that the right to rescind expires completely after three years, simply means that “consumers [must] exercise their rescission right by providing notice to their lender within three years of obtaining the loan,” and that consumers could file suit after three years if the lender failed to honor the rescission notice. [read post]
21 Mar 2012, 8:14 am by Mandelman
    “It’s hard to imagine a less-deserving group of victims: people who gambled during the housing bubble by purchasing homes with borrowed money that they knew or should have known they couldn’t afford, but who are now able to stay in the homes they should have never bought because of what amounts to paperwork errors on the part of the nation’s big banks. [read post]
11 Mar 2012, 7:46 pm by Kevin Funnell
Isn't that what savvy servicers like Ocwen were being praised by the "main stream media" for three years ago? [read post]
8 Dec 2011, 4:04 am
The Government recently also criticized Bank of America, Wells Fargo, and Ocwen, for not doing enough to help struggling homeowners. [read post]
2 Nov 2011, 6:14 am
The misconduct and negligence involved stem from Goldman Sachs' former subsidiary, Litton Loan Servicing, LP, which was sold to Ocwen Financial Corporation on September 1, 2011 and is no longer servicing mortgage loans. [read post]
26 Oct 2011, 7:02 am by Mandelman
Richard Shepherd – Former Vice-President and General Counsel for Saxon Mortgage (now Morgan Stanley) Margery Golant – Former Assistant General Counsel at Ocwen Financial Corporation and Department Manager of a major plaintiff? [read post]
24 Oct 2011, 1:57 pm by By DEALBOOK
Ocwen Financial, which bought Goldman Sachs' mortgage unit earlier this year, is the buyer. [read post]
15 Oct 2011, 6:00 am
Goldman Sachs, Litton Loan Servicing LP, and Ocwen Financial Corporation, after extensive negotiations, have agreed to withdraw active foreclosure cases if they contain robosigned affidavits or inaccurate affidavits. [read post]
10 Oct 2011, 3:56 pm
After a successful trial program, Ocwen, based in Atlanta, has also begun offering shared appreciation plans, in which part of a borrower's principal is forgiven, but if the home is eventually sold at a profit, the owner must share that profit with the lender. [read post]