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 People’s Revenge? Voting their Anger

Post-Iowa and New Hampshire, articles abound regarding populist anger.  I am particularly interested in fostering awareness of the strangling hold that a very few hold over so very many.  I would particularly like to address the way the rigged system has led us to a place where the American middle class consumer cannot obtain justice but that is […]

Freddie and Fannie Sell Your Home Loans to Vultures for Pennies on Dollar: Vultures Pick the Bones of Distressed American Homeowners

Freddie Mac Kicks Off 2016 with Largest Ever Delinquent Loan Auction article here: The transaction announced on Friday is Freddie Mac’s third bulk NPL sale worth more than $1 billion. The previous two were worth $1.1 billion each. Overall, it will be Freddie Mac’s ninth bulk Standard Pool Offering (SPO) auction since the first sale […]