Home•Fairfax General Forum•Arrest/Ticket Search•Wiki new•Pictures/Videos•Chat•Articles•Links•About
Off-Topic :  Fairfax Underground fairfax underground logo
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Goto Topic: Previous•Next
Go to: Forum List•Back to Forum•Post New Topic•Search•Log In•Print View
Ocwen (OCN): About to become a penny stock!
Posted by: wall street wizard ()
Date: January 16, 2015 01:46PM

Ocwen is doomed.

They get nothing right:

- Credit reporting (they think the IRS does this)
- Payment application
- Escrow accounts
- Suspense accounts
- Call centers in India (no one speaks English)
- Foreclosing on homes that have been fully paid off-and resold
- Hiding behind tax shelters in Luxembourg, the Cayman Islands, and the Virgin Islands

The list goes on. They are likely to lose their California license. Other states are considering the same thing. Today is the last day on the job for the company's founder, William Erbey. He has resigned in disgrace.

Altisource, an Ocwen affiliate, has claimed the company will recover. Altisource has a less than arm's length relationship with Ocwen, so this statement is, at best, self serving.

If you have Ocwen shares, dump them, they'll soon be good for nothing except birdcage liner.

Options: Reply•Quote
Re: Ocwen (OCN): About to become a penny stock!
Posted by: Foreclosure ()
Date: January 16, 2015 02:25PM

NY Attorney General killed them.

Options: Reply•Quote
Re: Ocwen (OCN): About to become a penny stock!
Posted by: loan servicing mania ()
Date: January 16, 2015 04:30PM

Ocwen needs to be put out of business for stealing homes from people.

Options: Reply•Quote
Re: Ocwen (OCN): About to become a penny stock!
Posted by: Newco ()
Date: January 16, 2015 08:52PM

Ocwen = Newco backwards. Coincidence? I don't think so. Illuminati, for sure.

Options: Reply•Quote
Re: Ocwen (OCN): About to become a penny stock!
Posted by: Blood in Bangalore ()
Date: January 16, 2015 10:59PM

Altisource just laid off 800 people in Boston and other places. Since Ocwen is their main customer, that says a lot.

Good bye, Ocwen.

Options: Reply•Quote
Re: Ocwen (OCN): About to become a penny stock!
Posted by: Breaking the Code ()
Date: January 17, 2015 07:02PM

Of course Erbey and the rest of them say the problems are temporary. Erbey's billionaire status depends on the value of Ocwen stock. I predict Ocwen is going to continue to fall, and more and more states will be taking action on behalf of the consumers who have suffered abuse and losses due to Ocwen's unethical practices and Altisource's poorly designed and implemented systems.

Options: Reply•Quote


Go to: Forum List•Back to Forum•Search•Log In
Your Name: 
Your Email (Optional): 
Subject: 
Attach a file
  • No file can be larger than 75 MB
  • All files together cannot be larger than 300 MB
  • 30 more file(s) can be attached to this message
Spam prevention:
Please, enter the code that you see below in the input field. This is for blocking bots that try to post this form automatically.
 ********   ******   ********  **     **  **      ** 
    **     **    **  **        ***   ***  **  **  ** 
    **     **        **        **** ****  **  **  ** 
    **     **        ******    ** *** **  **  **  ** 
    **     **        **        **     **  **  **  ** 
    **     **    **  **        **     **  **  **  ** 
    **      ******   **        **     **   ***  ***
This forum powered by Phorum.