Ocwen just simply cannot figure out how to play by the rules it would seem. With Regulators lining up by the droves to curtail their Portfolio purchasing which is similar to a drunken sailor’s spending habits on leave, now even their Board of Directors are apparently succumbing to profiteering. Below is the Law Firm and their Investigation Requests,
Levi & Korsinsky, LLP is investigating Ocwen Financial Corp. (NYSE: OCN) in connection with possible claims of breaches of fiduciary duty.
The reality is that if Ocwen begins to show financial fracturing, they will need to begin to tap other avenues of revenue to fund litigation. Altisource is one of their cash cows. It very well could translate into Contractors being used to backstop risky moves.