The Financial Consumer Rights Talk – Episode 2 - Denbeaux & Denbeaux Attorneys at Law

The Financial Consumer Rights Talk – Episode 2

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Date: March 4, 2015Author: Denbeaux & Denbeaux

Discussion of Developing Topics Related to Consumer Rights

The Financial Consumer Rights Talk 3-3-2015: We discuss the recent struggles of Ocwen Financial Corporation in an ironic twist that sees Ocwen losing servicing contracts because it is too successful at resolving delinquencies with distressed homeowners.

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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?

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