price to book .35
litigation clouds disappearing
http://www.marketwatch.com/story/mortgage-servicer-ocwen-cleared-of-misconduct-alleged-by-bond-investors-report-says-2016-05-25?siteid=yhoof2
Mortgage servicer Ocwen Financial OCN, +19.08% has been cleared of wrongdoing in a multi-billion dollar lawsuit brought by mortgage bond investors including BlackRock BLK, +0.81% and Pimco, according to reports by HousingWire. Ocwen had fought the charges and claimed that the investors wanted to keep underwater homeowners from accessing a government loan modification program that would reap lower cash flow. On Wednesday, Ocwen released documents prepared by valuation experts Duff & Phelps which found no evidence of the negligence and misconduct alleged by the bond investors.
litigation clouds disappearing
http://www.marketwatch.com/story/mortgage-servicer-ocwen-cleared-of-misconduct-alleged-by-bond-investors-report-says-2016-05-25?siteid=yhoof2
Mortgage servicer Ocwen Financial OCN, +19.08% has been cleared of wrongdoing in a multi-billion dollar lawsuit brought by mortgage bond investors including BlackRock BLK, +0.81% and Pimco, according to reports by HousingWire. Ocwen had fought the charges and claimed that the investors wanted to keep underwater homeowners from accessing a government loan modification program that would reap lower cash flow. On Wednesday, Ocwen released documents prepared by valuation experts Duff & Phelps which found no evidence of the negligence and misconduct alleged by the bond investors.
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