All posts tagged "mortgages"

There is No Direct Relationship Between Ocwen and Altisource per Neagle v Altisource (9th Cir., 2020)

Extract from Form 10-K (2020) Ocwen accounts for 54% of Altisource Revenues....Altisource believes that any action taken by Ocwen to redirect these...

Bill Erbey’s Ocwen Altisource Analyzed Using ASPS’s Latest Accounting Year Submission (31 Dec. 2020)

We earn the majority of our revenue in connection with providing services to two customers. The majority of our revenue is earned...

Finally, 33 AG’s Act on this Disgraceful Ocwen/PHH Class Action Settlement Agreement in Florida. Notable Exception – Indicted AG Paxton of Texas.

A coalition of 33 state attorneys general filed a motion against PHH Mortgage and its predecessor Ocwen Loan Servicing for allegedly charging...

Here’s Five Days You Can Whiteout From Any Foreclosure Sale Notice in Massachusetts

Chase and several amici suggested for the first time that the panel’s reading of Pinti and other SJC precedents would invalidate most...

Fifth Circuit Finally Tells Banks that Professional Liability Insurance Doesn’t Cover Blatant Fraud, Forgery and Extortion

Judge Stephen Higginson opined for the 2-panel at the 5th Cir., and held that it was the bank’s wrongful certification to HUD...

While the People Hit Rock Bottom, American Bankers are Making More Profit than Prior to the Pandemic. What Does That Tell Y’all?

Goldman Sachs among the banks making tons of money thanks to market gains. The investment bank said Wednesday that its profit nearly...

This Stanford Report Confirms the Obvious in 2020. Foreclosures are Devastating and Destroy Families.

These results are highly relevant in today’s climate Diamond said. There are huge, long-term harms of foreclosure that have not been on...

Over 4 Million Mortgages Past Due Per May 2020 Statistics. Foreclosure Mills Are Smiling. Homeowners are Crying.

There was a total of 4.123 million loans that were 30 days or more past due in May, 723,000 more than in...

Wilbur 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...

OCWEN Altisource Pens Claims of Boardroom Self Preservation in Amherst Deal Collapse

In its attempt to gain control of the Board, OCWEN Altisource launches a proxy fight against Front Yard Residential regards collapse of...

Deutsche Bank Has Control Over Your American Home in 2020 But Failed the Stress Test Audit

The audit found serious weaknesses and raised doubts about whether Deutsche Bank would reach a stress test score indicating that it is...

LIT Told You First These Two Entities Were Wall Street Owned: OCWEN’s Front Yard and Amherst Merger Delayed Due to COVID-19

Goldman Sachs and Credit Suisse advised Amherst Residential on the matter, while Deutsche Bank Securities Inc. advised Front Yard (OCWEN).

OCWEN Facing it’s Own Eviction Case Seeks Accounting Puffery to Help Survive Being Delisted

Nothing good will come of the of $3 billion dollar admonished nonbank OCWEN's current financial dilemma. They currently face eviction from the...

S.D. Tex. Magistrate Judge Wanted Elderly Citizens in their Court to Defy Stay-At-Home Orders to Post Court Motions and Filings

Stay-at-home Covid-19 compliance is questioned by a Houston Magistrate Judge. He is asking if 2 elderly pro se filers posted the motions...

Fifth Circuit Finally Tells Banks that Professional Liability Insurance Doesn’t Cover Blatant Fraud, Forgery and Extortion

Judge Stephen Higginson opined for the 2-panel at the 5th Cir., and held that it was the bank’s wrongful certification to HUD...

Judge David Hittner Replaced Judge Nancy Atlas after a Late Recusal. His Speedy Termination Against the Homeowners Followed

Judge David Hittner Remands for Emotional Distress Reasons, Citing an Egregious Sham

Judge David Hittner Sanctions Foreclosure Defense Lawyers, Only for the Erie Guess He Relied Upon to be Error

The Lane Law Firm and several of its attorneys were sanctioned by Judge David Hittner for the Priester case, an erie guess,...