Despite the recent turmoil, Ocwen’s president and CEO, Ron Faris, said he expects his company to have a profitable 2015. "I am encouraged by the progress Ocwen has made so far,” Faris said. “We currently expect to … meet all of our ongoing financial and servicing obligations.”
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Firms Announce Class Actions Against Ocwen Spin-Off
Glancy Binkow & Goldberg LLP alerted HLSS shareholders on Tuesday about the suit, which targets HLSS for not being open about the company's close relationship with Ocwen, which has suffered from wave after wave of regulatory setbacks in the last year.
Read More »Altisource Shares Up as CEO Addresses Investor Concerns
Shares of Altisource Portfolio Solutions picked up on Friday as the company's leadership assured shareholders about its near-term future after a year of setbacks.
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