Date: March 2, 2015Author: admin
Ocwen has recently been fired by multiple investors who claim that Ocwen’s common practice of working with debtors to modify their loan allowing, them to make payments and stay in their homes, is costing them billions. Does this indicate a flawed system in which it is more profitable for loan owners to foreclose no matter the circumstances rather than getting a steady flow of income from modifying? Adam Deutsch weighs in.
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