BREAKING NEWS: William Erbey, Chief Operating Officer of Ocwen Financial which owns Altisource and Hubzu, has resigned. This is a fast moving story. Many will remember the months upon months Foreclosurepedia dedicated to the coverage of the criminality and fraud committed by Altisource Order Mills upon Contractors. We will release a large story on this later this evening.
Erbey will also resign as Chairman of the Board of Directors of each of four related companies: Altisource Portfolio Solutions S.A. (ASPS), Altisource Residential Corporation (RESI), Altisource Asset Management Corporation (AAMC), and Home Loan Servicing Solutions, Ltd. (HLSS).
Stay tuned as Foreclosurepedia continues to crank up the heat on the Mortgage Field Services Industry.