RUMORS OF OCWEN BANKRUPTCY SURFACE AMID CALIFORNIA’S MOVE TO SUSPEND ITS LICENSE!

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RUMORS OF OCWEN BANKRUPTCY SURFACE AMID CALIFORNIA’S MOVE TO SUSPEND ITS LICENSE!

RUMORS OF OCWEN BANKRUPTCY SURFACE AMID CALIFORNIA’S MOVE TO SUSPEND ITS LICENSE!

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For those of you who have plans to get your pound of flesh out of Ocwen at any point in time in the near future may wish to heed the warning signs. Ocwen’s stock has plummeted over 36% in recent days … not a good sign considering the amount of business that Ocwen will have to sell off if California regulators go ahead with plans to suspend Ocwen’s operating license in that State.

The once-booming subprime loan servicer who is tied to Goldman-Sachs like an umbilical cord to a dead baby is rumored to be 6 to 12 months out from filing bankruptcy in order to avoid the onslaught of creditors and those coming to obtain money judgments against them for various alleged servicing violations.  Additionally, it is also known by this author that certain jurisdictions are examining records involving Ocwen for the possibility of the filing of criminal charges involving multiple counts of statutory criminal violations.  Aside from paying civil penalties, criminal fines and prison terms potentially loom on the horizon for dozens of employees and officers connected with this bottom feeder.

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© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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