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August 5, 2014

Lawsky Accuses Ocwen of 'Troubling' Force-Placed Insurance Scheme

By Brandon Ivey

The New York Department of Financial Servicesí exam of Ocwen Financial has expanded into a force-placed insurance deal with Altisource Portfolio Solutions.

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With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.

33%

No. It’s still difficult compliance/regulatory-wise.

20%

Maybe. It’s under consideration.

33%

Not now. But things could change as 2018 progresses.

13%