Seeking Alpha

Ocwen and Altisource Portfolio manage gains in red tape

  • Is a settlement at hand? In the green on this red day for the markets is Ocwen Financial (OCN +1.8%) and Alitsource Portfolio Solutions (ASPS +1.7%).
  • Ocwen weaves a wide web (RESI and AAMC are lower on the session), but seemingly at the heart of Ben Lawsky's probe are allegations of "self-dealing" between OCN and ASPS. "It creates questions about whether those companies are charging inflated fees through conflicted business relationships, and thereby negatively impacting homeowners and mortgage investors," said Lawsky a month ago in his list of concerns sent to Ocwen.
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