Ocwen Financial Intends to Sell $9.8 Billion Portfolio of Mortgage Servicing Rights to Nationstar

Ocwen Financial Intends to Sell $9.8 Billion Portfolio of Mortgage Servicing Rights to Nationstar ATLANTA, Feb 23, 2015 Ocwen Financial Corporation OCN, -5.96% announced today that its subsidiary, Ocwen Loan Servicing, LLC (“Ocwen”) and Nationstar Mortgage LLC, an indirectly held, wholly owned, subsidiary of Nationstar Mortgage Holdings Inc. NSM, +0.22% (collectively “Nationstar”), have signed an … Read more

The Disappeared: Chicago Police Detain Americans at Abuse-Laden ‘Black Site’

Exclusive: Secret interrogation facility reveals aspects of war on terror in US ‘They disappeared us’: protester details 17-hour shackling without basic rights Accounts describe police brutality, missing 15-year-old and one man’s death The Disappeared: Chicago Police Detain Americans at Abuse-Laden ‘Black Site’ The Chicago police department operates an off-the-books interrogation compound, rendering Americans unable to … Read more

Big Barbie: New WiFi Connected Doll Records You Kids and Shares the Data

How creepy is this? Hello Barbie: Hang on, this Wi-Fi doll records your child’s voice? From the The Register: What could possibly go wrong? Toymaker Mattel has unveiled a high-tech Barbie that will listen to your child, record its words, send them over the internet for processing, and talk back to your kid. It will email … Read more

Why Lenders Love the $2.5 Million Home Loan

Why Lenders Love the $2.5 Million Home Loan Home loans from $1 million to $5 million were the fastest growing part of the jumbo market in January, according to purchase application data from the Mortgage Bankers Association. Wealthy borrowers are seeking even bigger loans this year while luxury housing prices rise and lenders lure them … Read more

Judge Has Enough, Tells Bank Lawyer She is Referring Him to The Bar in Our Latest Trial Win!

Judge Has Enough, Tells Bank Lawyer She is Referring Him to The Bar in Our Latest Trial Win! Cross-posted from The Law Offices of Evan M. Rosen Plaintiff starts off wanting leave to amend to add a lost note count at the beginning of trial. Despite pleading that the Plaintiff is the owner and holder … Read more