Ocwen’s Slide Update; Investor and Agency Updates Including Freddie’s 97% Program

By Rob Chrisman

Posted To: Pipeline Press

Don’t think the gap between the haves and have-nots is widening? USA Today reports the world’s richest 1% of people control over 50% of total global wealth. At the other end of the scale, here in the States research by Epiq Systems Inc. finds the top 5 states with the highest bankruptcy filing rates per 1,000 people in order are TN (5.17), AL (4.83), GA (4.66), IL (4.22) and MS (3.69) versus the national average of 2.39. When it rains it pours for Ocwen . Amy Swinderman reports that the mortgage company is out of compliance with stock exchange listing rules, and that the “Embattled Ocwen spinoff has twice missed deadline on financial reports with SEC. Mortgage servicer Home Loan Servicing Solutions, a spinoff of Ocwen Financial Corp., has fallen out of compliance with NASDAQ’s rules for continued…(read more)

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