Altisource Thrown Under The Bus By Ocwen

Altisource loses 92% of all work in one stroke of the pen.


On Monday, New Residential Investments (NRZ) announced in their earnings call that they were going to buy $117 Billion of Ocwen's unpaid principal balance (UPB). In essence, this will be a death blow to Altisource and Patricia E McTaggart. Foreclosurepedia is predicting that Nationstar will pick up the servicing thereof. Seeking Alpha termed it as follows,

We noted that in . . .

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