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Ocwen’s bad week just got worse

Ocwen’s bad week just got worse

By Ben Lane Things just keep going from bad to worse for Ocwen Financial (OCN). In just the last few days, the company has been the subject of a letter from New York Department of Financial Services Superintendent Benjamin Lawsky, which alleged that the company had...
Negative Equity Falling, but Still Exceeds $1 trillion

Negative Equity Falling, but Still Exceeds $1 trillion

By: Jann Swanson   The percentage of American homeowners a mortgage that was seriously underwater fell to 15 percent in the third quarter of 2014 RealtyTrac said on Thursday.  There were 8.1 million properties with mortgages that met the company’s...
What Economic Recovery?

What Economic Recovery?

By Mechele Dickerson   One could conclude from recent economic reports that housing, labor, and financial markets in this country have stabilized and essentially recovered from the 2007-2009 recession. It’s not crazy to believe that things are getting back...

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