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Volume 2010 - Number 5

March 5, 2010

Ocwen Looks for Growth and ‘Self-Serve’ Servicing

With implementation of the Home Affordable Modification Program complete, Ocwen Financial Corp. is looking to grow its portfolio and “self-serve” servicing options. The specialty servicer this week reported net income of $9.4 million for the fourth quarter of 2009 compared with a net loss of $4.3 million during the same period in 2008... [Includes one graph]

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The Consumer Financial Protection Bureau is completing its first six months of operation. Based on the agency’s regulatory pronouncements and announcements to date, how do you think the agency is doing?

It’s doing a good job of balancing consumer protections with regulating the mortgage industry.
It’s too early to tell what kind of job the CFPB is doing.
It’s not needed and should be closed down.

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