Bank of America Accused of Loan-Sharking with Steep Overdraft Charges

Bank of America Accused of Loan-Sharking with Steep Overdraft Charges The infamous $40 latte rankles critics of bank overdraft charges, but the fees don’t always end with the initial $35 charge. Bank of America charges customers another $35 if they don’t deposit money in their accounts five days after draining their balances below zero. A … Read more

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Ocwen Faces Possible Delisting From NYSE

Ocwen Faces Possible Delisting From NYSE Failure to file 2014 financial statement is cited Ocwen Financial Corp. disclosed late Monday after the market closed that it had been threatened with a possible delisting by the New York Stock Exchange for failing to file its 2014 annual financial statement on time, and that it wasn’t certain … Read more

Ocwen to Sell $9.6 Billion Mortgage Servicing Rights to Walter Investment’s Green Tree Loan Servicing LLC

Ocwen to sell $9.6 billion mortgage servicing rights to Walter unit (Reuters) – Ocwen Financial Corp (OCN.N) said it was selling residential mortgage servicing rights worth $9.6 billion to a subsidiary of Walter Investment Management Corp (WAC.N). The deal is the latest in a series of steps by Ocwen to slim down its operations amid … Read more