All posts tagged "investors"
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566Gov AbbottNew Lawsuit Confirms Curry Town Investors and Landlords Turnin’ Harris County Into a Slum
Visiting Google Maps, the confirmation of the facts in the petition are hard to ignore, just look at the lot beside the...
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1.1KBankersRewind 2008: Robo-Signing, Chain of Title, Loss Mitigation and Other Issues In Mortgage Servicing
We are finding that there are gaps, gaps in the chain of title, gaps in a lot of documents that are fraudulent....
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886Bankers2021 Will Be the REIT Index’s Best Year Since 1976 in Terms of Absolute Performance
Investors who bet on real estate investment trusts at the beginning of 2021 are reaching for top shelf champagne these days.
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3.6KFederal JudgesWilbur Ross Puffed Up Bill Erbey and then Criminally Sold His Ocwen Stocks via Insider Trading Knowledge
ROSS; $160 million was a convertible preferred in Ocwen, which has worked out very well. It had a $35 strike price, and...
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4.6KEditors ChoiceMeanwhile In N. Virginia the (Now Dead) Sheriff and Several EDA Staff were Stealing Upwards of $17M
“McDonald stole from the Warren EDA, misused its financial assets, deceived its leadership, withheld necessary information from the Warren EDA, misappropriated Warren...
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2.1KEditors ChoiceApparently, Conman Robert Morgan’s Ponzi-Scheme Payback Offer Sufficient to Avoid Jail for Massive Mortgage Fraud Scheme
Morgan voluntarily liquidated certain assets to generate funds for collection by the receiver. And last week, the court approved the receiver’s plan...
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2.1KFederal JudgesEven a Fool Says Ocwen Looks Like a Bad Bet.
Yes, Ocwen’s balance sheet is ugly. But Ocwen have a lot of clout with the government. They, or should we say William...
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2.7KDebt CollectorNew Residential (NRZ) and that OCWEN Connection
New Residential has a different focus compared to most mREITs, as it invests a large amount of its money into MSRs and...
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1.7KEditors ChoiceTrumps’ Cabinet in 2020 and How They Plan to Make Recession Great Again (for Wall Street Bankers)
LIT Editor's Comment: If this passes, it is a Disaster for Democracy. Securitization is for making the bankers and the rich, more...
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5.8KFederal Judges
Judge in New York Class Action Asks Counsel to Prove “Plan Assets” in RMBS Suit Naming Ocwen as Liable Mortgage Servicer
The first amended complaint also asserts that Ocwen exercised sweeping, unchecked control of the management and disposition of securitized mortgages, and was...
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2.1KAppellate CircuitAccording to former Alabama SG and Now 11th Circuit Judge, Newsom Opines; Ocwen’s Statements are Mere ‘Puffery’ in this Investor Law Suit
After careful review, we find that none of Ocwen’s statements rises to the level of an actionable misrepresentation of material fact. Some...
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1.4KForeclosuresA Hedge Fund Makes Billions Off Americans’ Underwater Mortgages
Fortunes were made on Wall Street betting against sketchy mortgages before the housing bust a decade ago. In its aftermath, one firm...
