Yawn… Ocwen to Pay $2.5 Million to Settle California Dispute

Ocwen to Pay $2.5 Million to Settle California Dispute Ocwen Financial Corp. is paying a $2.5 million penalty and submitting to a review by an independent auditor to avoid losing its license to make and service mortgages in California. The settlement announced late Friday by California’s Department of Business Oversight stems from Ocwen’s refusal to … Read more

Exclusive: Big mortgage investors take first step toward suing Ocwen

Exclusive: Big mortgage investors take first step toward suing Ocwen (Reuters) – Major mortgage bond investors including BlackRock (BLK.N), MetLife (MET.N) and Pimco (ALVG.DE) on Friday took a first step toward suing Ocwen Financial Corp (OCN.N), accusing it of having failed to properly collect payments on $82 billion of home loans, according to a person … Read more

California Seeks to Suspend Ocwen’s Mortgage License, Stock Tanks

California Seeks to Suspend Ocwen’s Mortgage License, Stock Tanks (Reuters) – California is seeking to suspend Ocwen Financial Corp’s license to operate in the state, saying the mortgage collection company failed to submit papers showing that it complies with laws, state regulators said. California’s Department of Business Oversight (DBO), which licenses non-bank mortgage lenders and … Read more

Manufactured Foreclosure: The Law Offices of Evan M. Rosen Wins Trial for Client Who Never Missed a Payment

Manufactured Foreclosure: The Law Offices of Evan M. Rosen Wins Trial for Client Who Never Missed a Payment! Despite this being a case we would have won on the merits, it ended up being another, come-from-behind win, based on evidentiary issues.  Despite the Judge initially overruling my numerous objections to evidence coming in through testimony … Read more

Florida Cancer Victim Charged With Trying to Blow Up House Which Was in Foreclosure

Palm Springs cancer victim charged with trying to blow up house A 55-year-old Palm Springs man with cancer was arrested Friday and charged with trying to blow up his home, which was in foreclosure. Tony Garcia Sr. hobbled into court on Saturday morning using a walker and said little in response to questions by County … Read more