Ocwen Stock Tanking in Wake of Cease and Desist Order

Update: The Consumer Financial Protection Bureau just sued Ocwen for “failing borrowers throughout mortgage servicing process.  It says “mortgage servicer’s widespread errors, shortcuts, and runarounds cost borrowers money, homes.” CFPB Press Release CFPB Complaint The Commissioner of Financial Regulation for the State of Maryland issued a Summary Order to Cease and Desist and Partial Summary […]

The Draining, er Entertaining, of the Swamp Creatures

What a shocker.  Would you believe that instead of vetting (extremely, bigly, like the immigrants) that Trump is feting the Wall Street criminal geniuses that blew up the economy?  I know.  After eating some of that fine (read: gristly) Trump steak (spitting it into their napkins), the Wolves of Wall Street leave cackling. Plan? Executed. In record […]

Democrats Boycott Foreclosure King Mnuchin

Bloomerg Reports Dems’ Ban of Vote for Foreclosure King The nominations of Steven Mnuchin to lead the Treasury and Tom Price to run Health and Human Services ran into roadblocks Tuesday after Democrats staged a boycott as part of an intensified battle against some of President Donald Trump’s nominees. The Senate Finance Committee was forced […]

Deutsche Breeds Scandal After Scandal

Department of Justice proposed a 14-billion dollar fine for Deutsche’s mortgage backed securities scandal (you’re thinking, “you’re going to have to be more specific; which one?”)  Wall Street J.  Deutsche’s stocks took a tumble late yesterday and continuing today.  Before that, last week it was reported in the New Yorker that Deutsche had a newer 10 billion dollar […]