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17 May 2011, 5:42 am
Insiders Include: Former Vice-President and General Counsel for Saxon Mortgage (now Morgan Stanley) (Dick Shepherd); Former Assistant General Counsel at Ocwen Financial Corporation and Department Manager of a major plaintiff’s foreclosure firm (Margery Golant); Former Managing Director and General Counsel for ACA Capital Holdings and CIFG Group and Deputy General Counsel at FitchRatings (Kathleen Cully) Former Vice President at New Century Mortgage in charge of document production… [read post]
15 May 2011, 12:13 pm
This week Ocwen agreed to a reduction in principal from $130,000 to $49,000 at 2.625% interest. [read post]
29 Apr 2011, 5:24 pm
Really lucky, considering it was Ocwen, a servicer I’ve been told is among the most difficult when it comes to modifying loans. [read post]
28 Mar 2011, 7:34 am
Program's like Ocwen's principal foregiveness with shared appreciation, while better than plain old forbearance, end up looking a lot like forbearance. [read post]
26 Mar 2011, 12:49 am
Aurora Bank of America Carrington Chase Citi GMAC/Homecomings HSBC Lender Business Processing Services Litton Ocwen One West Bank PNC/National City Saxon Select Portfolio Servicing SunTrust US Bank Wells Fargo/Wachovia Local, HUD-approved nonprofit counseling organizations onsite include: Affordable Housing Centers of America Arizona Latino Commission Chicanos Por la Causa Community Housing Resources of Arizona Community Services of Arizona GreenPath Help4Kidz Labors… [read post]
9 Mar 2011, 7:30 pm
The AGs remember tangling with Ocwen, Fairbanks (now Select Portfolio Servicing) and EMC (later Bear Stearns and now JPMorgan Chase) back in 2003 for predatory servicing. [read post]
7 Feb 2011, 7:09 am
The rate of modification failure is directly related to the size of the bank servicing the mortgage: Bank of America – 33% Wells Fargo – 29% American Home Mortgage – 26% Ocwen – 24% GMAC Mortgage – 23% JPMorgan Chase – 22% CitiMortgage – 20% Litton Loan Servicing – 20% Another bit of evidence suggesting that BofA should be relieved of the onerous job of servicing defaulted mortgages. [read post]
4 Dec 2010, 12:00 am
Under the contract between the VA and Ocwen, if a veteran defaulted, Ocwen completed necessary repairs and re-sold the property. [read post]
26 Oct 2010, 5:47 pm
Guzman says she lost her home to foreclosure but not without a fight with Ocwen Financial Corporation. [read post]
14 Oct 2010, 10:29 am
“The most shocking thing of all is the AG’s office understands the problem and yet the court system turns a blind eye to the fact that mortgage servicers are the problem,” says Margery Golant, a lawyer in South Florida and a former executive at Ocwen [so named because it was Newco spelled backwards – Ed.], a large mortgage servicing company. [read post]
31 May 2010, 11:12 pm
Dear Readers: In case you haven't heard Barclays Bank PLC announced today that it is selling HomEq it's loan servicing arm to Ocwen Loan Servicing. [read post]
9 May 2010, 9:41 am
Ocwen Fed. [read post]
26 Apr 2010, 11:27 pm
For instance, SunTrust, here in Miami, has courted struggling borrowers with care packages and $200, while West Palm Beach-based Ocwen Financial Corp. helps connect homeowners with food banks, employment services and even suicide hot lines through a nationwide social service referral company. [read post]
30 Mar 2010, 10:35 pm
One of the most difficult banks we deal with in obtaining loan modifications for our clients is OCWEN. [read post]
4 Feb 2010, 5:01 am
The DailyFinance blog concluded that policies in place at Ocwen made the difference. [read post]
4 Feb 2010, 5:01 am
The DailyFinance blog concluded that policies in place at Ocwen made the difference. [read post]
29 Jan 2010, 6:46 am
The up-front documentation rule mimics rules at two of the lenders with the highest conversion rates, GMAC Mortgage and Ocwen Financial Corp. [read post]
10 Dec 2009, 1:32 pm
Ocwen, meanwhile, has converted 89% of borrowers who were on temporary modifications in August to permanent mods by November. [read post]
9 Nov 2009, 9:47 pm
MANDELMAN’S MONTHLY MUSELETTER ISSUE 5.0 1. [read post]
31 Oct 2009, 10:59 am
The press is certainly changing their view of what's going on with loan modifications, no question about that. [read post]
