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July 31, 2014

Ocwen Suffers Earnings Decline, Blames ‘Regulatory’ Costs; Will Invest in Non-Agency MBS

By Brandon Ivey

The unspoken factor affecting Ocwen's immediate future is Benjamin Lawsky and the New York Department of Financial Services.

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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