Subprime fallout continues in 2012

It was the summer of 2007. We waited for mortgage lending to explode (or implode). If you recall, Bear Sterns had problems that shocked everyone, HSBC announced the first subprime mortgage losses, and Lehman Brothers said Lehman was not associated or affiliated with subprime borrowers. Bear Sterns is gone, Lehman had egg on their face, …

Fitch Ratings downgrades Ocwen Financial

Here at Lender Watch we monitor companies that are heavy into subprime. Confirming our concerns today was a downgrade of Ocwen Financial by Fitch Ratings. In the past two years, Ocwen has executed numerous high-profile servicing acquisitions, including buyouts of Barclays’ HomEq platform and Litton Loan Servicing’s portfolio and operations. Ocwen has also acquired a …

Understanding Why Your Debt, Balance, or Payoff Never Goes Down :: Financial Scams

Understanding Why Your Debt, Balance, or Payoff Never Goes Down Due to the overwhelming response to the forum posting “Why my balance never goes down” we are including some tips on how to recognize problems BEFORE they become the driving force behind your loan. Identify the term (length of time or number of payments) and …