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...Ocwen Financial and QuisLex US mortgage provider Ocwen and law company QuisLex have developed a process to analyse long and complex contracts, including mortgage-backed securitisations....
...In its motion, BlackRock said: “The suit is really a misconceived attempt at reputation recovery by William Erbey… [who is] the disgraced founder and former chairman of Ocwen Financial Corporation…Erbey...
...Fines have totalled about $7bn since 2012, with particularly heavy hits against Ocwen, Citigroup, JPMorgan and Wells Fargo....
...Corporation, Altisource Asset Management Corporation and Home Loan Servicing Solutions....
...affiliated entities: Altisource Portfolio Solutions, Altisource Residential Corporation, Altisource Asset Management Corporation, and Home Loan Servicing Solutions....
...“Corporations are a legal fiction....
...injecting about $1.6bn worth of additional cash and liquidity into the two banks in November 2010, to prevent them from going into receivership and falling into the hands of the Federal Deposit Insurance Corporation...
...In May, Barclays sold HomEq Servicing to Ocwen Loan Servicing for $1.3bn in cash. The same month, IBM closed on its purchase of Wilshire Credit Corporation from Bank of America....
...The consortium has already alerted ShoreBank’s regulator, the Federal Deposit Insurance Corporation, about the deal....
...Ocwen financial corporation has increased its loan counselling staff by more than 60 per cent in a year. Saxon has made a similar increase in the past three months....
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