US foreclosure rates are falling — unless you’re billionaire Bill Erbey... FORECLOSES on homeowners through is "captured" subsidiary Altisource

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US foreclosure rates are falling — unless you’re billionaire Bill Erbey… FORECLOSES on homeowners through is “captured” subsidiary Altisource

US foreclosure rates are falling — unless you’re billionaire Bill Erbey… FORECLOSES on homeowners through is “captured” subsidiary Altisource

He’s done and I hope this opens up more investigations! Was he part of the backdated letters to homeowners?

 

NY POST-

The real estate tycoon foreclosed on 1,022 houses last quarter through his company Altisource Residential — a record, according to a quarterly presentation released Tuesday.

The skyrocketing foreclosure rate seemingly contradicts statements Erbey made last week that one of his companies’ goals is “to keep people in their homes whenever possible.”

Erbey — chair of at least five companies, including Altisource Residential and mortgage servicer Ocwen Financial — stands to gain handsomely when one of his companies forecloses on more homes, as all his companies primarily do business with one another, industry experts say.

[NEW YORK POST]

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