Ocwen Stock Surges on Restructuring Efforts
Down but not out. It ain't over 'til its over… All available clichs may apply to Ocwen Financial Corporation.
Similar Posts
Wells Fargo may have accidentally foreclosed on 400 homes-what you should do in a similar situation
ByadminBetween April 2010 and October 2015, a malfunctioning Wells Fargo tool miscalculated whether homeowners would qualify for a federally-backed program to modify mortgage payments and keep their homes. As a result, 625 qualified customers were denied a loan modification, causing at least 400 to lose their homes. Foreclosure News
Opinion: As new development attracts new people, Detroit officials…
ByadminIn Detroit, there appear to be competing metrics. On the one hand, the editorial pages of Detroit's newspapers and business magazines jubilantly tout the flurry of new businesses, stadiums, and construction projects – almost all of which are subsidized by public, taxpayer dollars – in the newly minted “7.2,” or the number of square miles…
Live Free and Die
ByadminIs Grandma having trouble with her property taxes? A new Manhattan-based startup wants to buy her house and let her live there, for free, for the rest of her life. This makes sense as a business for a couple of reasons: For one, seniors have the nation's highest homeownership rate. Foreclosure News
Real estate trouble: reverse mortgages deplete FHA insurance reserves
ByadminThe Federal Housing Administration's 2018 audits revealed that losses from real estate reverse mortgages destroyed about a third of the taxpayer-guaranteed insurance reserves. The FHA Mutual Mortgage Insurance Fund on November 15 reported an $ 8 billion profit with a $ 1.26 trillion portfolio of loan guarantees for the fiscal year ending September 30. FHA's…
Navios Maritime Holdings Inc.: Navios Europe I Analysis
ByadminNavios Holdings, Navios Partners, and Navios Acquisitions created Navios Europe I and II in 2013 and 201X to acquire and manage portfolios of vessels owned by HSH Nordbank. The Partnerships own a mix of 24 containerships, midsize tankers, and dry bulkers that HSH owned due to foreclosure resulting from rate and vessel value collapses in…
Land bank making progress
ByadminThe Columbiana County land bank already tore down six houses in the city, with five more slated for demolition by spring, according to executive director Robert Ritchey. “I just want the city to know we are working on the houses we own. Foreclosure News