Sunday, November 30, 2014

My Three New Best Friends who have challenged Ocwen

from garyo

November 18, 2014  was an emotional, Shawshank Redemption, feeling for me.  I actually cried.

Here comes the Calvary !  

Finally after fighting these criminals, for over twelve years, major news outlets were finally making the public aware of the despicable acts that this company performed  in the name of profit, or in this case, like many others , greed 

Two clues; The founder William Erbey who founded the company in 1988,went straight from your garden variety millionaire to number 243 on the Forbes 400 list of richest Americans, checking in at  2.3 Billion.  

Second clue :  number of federal lawsuits filed against them (from us pacer)  174,975 (as of 11-30-14)

These are the men that made this story come to life,

Benjamin M. Lawsky - Federal Prosecutor

Chris Arnold - NPR

Gary Klein - Florida Attorney for class action suit against Ocwen

Thank you gentlemen , you are outstanding Americans, and easily make my personal Hall of Fame.  

Best Wishes

The Story on NPR November 18, 2014

Friday, November 28, 2014

Police Detain Ferguson Protesters in Westlake District

from nbclosangeles

Aerial video showed protesters lying down on the ground in the middle of an intersection

Los Angeles police on Friday night began detaining protesters in the Westlake District who were running into traffic despite orders to stay on the sidewalk, disperse or be taken into custody.
A group of 50 to 100 protesters marched at Alvarado Street near Beverly Boulevard, where police blocked the intersection near the 101 Freeway as crowds chanted "Let us go."
"We are peaceful protesters who demand justice for our rights in the streets," one person shouted. "Over 300 people have been arrested ... What is going on?"
The day of demonstrations on Black Friday marked the latest in a string of gatherings across the city in the wake of a grand jury's decision not to indict a Ferguson, Missouri, police officer in the shooting death of unarmed teen Michael Brown.
LAPD Cmdr. Andrew Smith said Friday's demonstrators were running into the street and blocking motorists, despite being told repeatedly to remain on the sidewalk. Aerial video showed a group in the middle of the street, some lying down on the ground in the intersection.
Officers could be seen detaining several protesters. Metro riders were told to expect delays and detours in the area.
The protests put the LAPD on another citywide tactical alert and come after a Wednesday night demonstration in downtown LA that left dozens behind bars on Thanksgiving Day.
Some activists and demonstrators who were among those arrested Wednesday night held a news conference Friday afternoon to accuse Los Angeles police of putting them in handcuffs for no reason and without warning. Meanwhile, LAPD officials have maintained that the protesters were warned more than once about potential arrests.
About 371 people have been arrested in Los Angeles this week as a result of the protests, Smith said.
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Demonstrators Shut Down Shopping Malls Near Ferguson, Missouri


Protesters of the grand jury decision in the Michael Brown shooting march through the St. Louis Galleria mall chanting slogans, in Richmond Heights, Missouri, Nov. 28, 2014.
Protesters of the grand jury decision in the Michael Brown shooting march through the St. Louis Galleria mall chanting slogans, in Richmond Heights, Missouri, Nov. 28, 2014.

Ayesha Tanzeem

Last updated on: November 28, 2014 6:29 PM

Demonstrators disrupted one of the biggest shopping days of the year in St. Louis, Missouri, this Friday as they protested this week's decision by a grand jury not to indict a white police officer who shot an unarmed black teenager in nearby Ferguson after a street confrontation. The shooting of Michael Brown has sparked protests across the US.
Nationwide, activists angry that a white police officer was not charged in the killing of Brown disrupted one of the busiest shopping days of the year to draw parallels with racial inequality.
"Yeah, the tradition of killing black unarmed men that's gone on and on and on. That's the tradition we're disrupting," said one of the demonstrators.
The protesters briefly shut down stores in at least two malls near Ferguson. Elsewhere, as many as 200 people demonstrated near Chicago's famed Water Tower, urging shoppers not to spend money as a show of solidarity with people in Ferguson, and protesters in New York descended upon the city's flagship Macy's store and temporarily blocked traffic.

Targeting retailers
Demonstrators had interrupted shopping overnight at some stores in the Ferguson area. Dozens of people, beginning Thursday on the Thanksgiving holiday and continuing into the night, had gone to Walmart and Target stores, chanting as police officers watched.
Protesters at the St. Louis Galleria Mall staged a "die-in." Dozens of them lay on the floor to represent Brown's dead body. Holding banners saying "Black Lives Matter," they chanted "Indict, convict, send the killer cops to jail. The whole damn system is guilty as hell."
As their numbers grew, police and mall authorities shut down shops and cleared the area.  
The protests shut would-be shoppers out of the Galleria. Amber Alexander came all the way from Chicago to shop at the mall.
"They're saying they're not gonna open it back up, so it was a waste of a trip, I guess, you know," she said.

Workers, shoppers interrupted
Victoria Tinsley already had spent $183 on skin-care products and was planning to spend more. “I probably would have spent another $200 or $250 bucks probably, depending on how many hours I spent here. I'm probably just gonna head off now because all the stores are closed,” she said.
The Friday after Thanksgiving, known as Black Friday in America, is the beginning of the holiday shopping season, and traditionally stores offer deep discounts. The chance to save money was why Winfred Pippins was there.
"I was depending on some of the sales to get some shopping done so it's going to kinda hurt my pocket a little bit," said Pippins.
The stores opened a few hours later and the protesters moved on to the West County Mall.

Ashley Hill works at a mall. She said as a young African American, she understands the frustrations of the protesters, but disagrees with their tactics.
"People do need our jobs and people do need things necessary to do with money, so people closing down the mall and looting and starting a riot is not really helping us, and [is] making our community even worse," said Hill.
On Saturday, demonstrators will start an almost 200-kilometer, seven-day march from Brown's home in Ferguson to the governor's mansion in Jefferson city to continue their protest.
Thanksgiving clean-up

Residents of Ferguson and others who wanted to help came out on Thanksgiving to clean up the debris left from the violence and looting that followed Monday's announcement that Wilson would not be indicted. The unrest left dozens of buildings damaged or burned.
Brown's death inflamed tensions in Ferguson and raised concerns about police violence and racial discrimination in the mostly black city.
Wilson, who said he feared for his life during the confrontation with Brown, told reporters Tuesday that he had a clean conscience "because I know I did my job right."
Brown's family said Wilson acted with malice and should stand trial.
Protesters across the country have used the case to highlight similar instances in which they say laws are not applied fairly toward African-Americans.
The U.S. Justice Department is probing possible civil rights abuses in the Ferguson shooting. President Barack Obama has called for reflection on the difficulties minorities face in the country.

My Hero

from youtube

"Destiny Commands,, we must Obey "

Thursday, November 27, 2014

Parts of my education in the mortgage lending business

Lesson 1  by  Gretchen Morgenson and Bill Moyers

June 30 2007

Lesson 2   Michelle Norris and Ira Glass     May 9 2008

The Global Pool of Money got too hungry

Lesson 3  Book  2010 Times Books  Mike Hudson 

 The Monster - How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America and created a Global Financial Crisis    Mike Hudson interview on young turks

Lesson 4  The Fall of Ocwen 

NPR November 18, 2014

Author: Chris Arnold   

The NPR Article  

Tuesday, November 25, 2014

Ferguson Protests Continue Across Nation

from nbc  


Anger over a Missouri grand jury's decision not to indict the police officer who shot Michael Brown to death continued to reverberate around the country Tuesday, with protests and demonstrations from coast to coast.
A melee broke out after protesters shut down a San Francisco highway, a car plowed through a crowd in Minneapolis and marchers in New York City caused a 12-block backup at the entrance to the Lincoln Tunnel.
In New York City, about 250 protesters again gathered in the famed Union Square and began marching up Broadway on Tuesday evening, holding signs reading "We will not be silent" and "A badge is not a license to kill," NBC New York reported.
Several major streets, highways and bridges were gridlocked late into the night throughout the night as protesters marched from Union Square north to Times Square, then back downtown toward the Manhattan Bridge.
Image: People protest against the verdict announced in the shooting death of Michael Brown, in Times Square, New YorkMIKE SEGAR / REUTERS
People protest a Missouri grand jury's decision not to indict a police officer in the shooting death of Michael Brown in Ferguson, in a demonstration in Times Square, New York, Nov. 25.
Ramps to the Massachusetts Avenue Connector in Boston were closed Tuesday night as state police tried to keep an estimated 1,400 protesters from marching onto the highway. State police told NBC News it was possible some in the crowd were trying to reach the South Bay House of Correction.
And protesters in Philadelphia held more demonstrations Tuesday, with rallies taking place at the Byrne Federal Courthouse along Independence Mall and at City Hall, NBC Philadelphia reported.Police estimated that 500 took part in the protests at their height.
Police were in a standoff with protesters in Portland, Oregon, when about 200 of them broke off from a peaceful demonstration and tried to cross a bridge on foot, NBC station KGW reported. Traffic was blocked at a major downtown intersection, and the bridge was closed about 7:30 p.m. (10:30 p.m. ET).
In Washington, D.C., one group staged a "die-in'' in front of police headquarters to symbolize Brown's death in the streets of Ferguson.
"We did the 'die-in' for 4½ minutes to represent the 4½ hours they let Michael Brown lay in the street dead, unattended," protest organizer Angie Brilliance told NBC Washington.

Police in Ferguson Brace for Another Night of Protests

Hundreds of Seattle high school students walked out of classes Tuesday and rallied at the University of Washington or marched to the downtown federal courthouse.
And a rally in Minneapolis turned scary when a car plowed through a crowd of protesters. Several hundred people had gathered Tuesday afternoon near the 3rd Precinct police outpost to show solidarity with Brown. Video from the Star Tribune shows the car driving through the group of protesters, seemingly running over a woman's leg and hitting other protesters, who then start beating on the Subaru Outback's windows.
Authorities say that the driver was found and is cooperating with police and that the victim sustained minor injuries, according to NBC station KARE.
Image: Protesters came out en masse for peaceful demonstrations as they blocked traffic on the Jones Falls Expressway, one of the main arteries out of downtown in BaltimoreANDRE CHUNG / FOR NBC NEWS
Protesters block traffic on the Jones Falls Expressway, one of the main arteries out of downtown Baltimore, on Tuesday.
At least 40 people were arrested in a melee that escalated after some protesters shut down traffic on a major highway in the San Francisco Bay Area on Tuesday, while in Oakland people were still cleaning up after more than 1,000 people took part in a march that turned destructive.
In Southern California, police lined South L.A. freeway ramps to prevent protesters from entering the highway as a second day of rallies began. About 200 to 250 protesters forced the closing of Martin Luther King and Crewnshaw boulevards Tuesday afternoon after lying down in the middle of the intersection, NBC Los Angeles reported.
Meanwhile in Cleveland, the demonstrations had double meaning: Hundred people marched down a freeway exit ramp to block rush-hour traffic while protesting the grand jury's decision in Ferguson, as well as Saturday's fatal shooting of a 12-year-old Cleveland boy by a police officer who thought a toy gun was real.
"The system wasn't made to protect us," said one of the protesters, 17-year-old Naesha Pierce, who stayed up until 3 a.m. watching television coverage from Ferguson. "To get justice, the people themselves have to be justice."


— with The Associated Press

Should You Sell Ocwen on Increased Regulatory Scrutiny?


 Published on  | No Comments

On Nov 18, 2014, we issued an updated research report on Ocwen Financial Corp. (OCN - Analyst Report). We believe that ongoing regulatory probes pertaining to the company’s business conduct may mar its growth prospects going forward.

Ocwen’s run-in with regulators has been going on for almost a year now. Starting from the $2 billion foreclosure settlement deal in Dec 2013 to allegations of backdating the foreclosure correspondences to borrowers in Oct 2014, the company’s stock has been witnessing a steady downward movement. If Ocwen does not address all these issues soon, its creditability will continue to suffer.

Hit by these concerns, the analysts have been bearish on the stock as evident from the decline in the Zacks Consensus Estimate over the last 30 days. For 2014, the Zacks Consensus Estimate dropped 42.1% to $1.28 per share, while for 2015 it fell 19.6% to $2.26 per share.

Further, acquisitions over the last few years have resulted in increased costs and risks at Ocwen. Over the last 5 years (2009–2013), operating expenses have grown at a CAGR of 40.7%. This trend continued in the first nine months of 2014 as well, mainly due to increased spending on technology and compliance. Also, as the company continues to expand and its compliance costs increase, expenses will keep on mounting.

Ocwen currently carries a Zacks Rank #5 (Strong Sell).

Stocks That Warrant a Look

Some better-ranked finance stocks include Essent Group Ltd. (ESNT - Snapshot Report), Walker & Dunlop, Inc. (WD - Snapshot Report) and Home Loan Servicing Solutions, Ltd. (HLSS - Snapshot Report). While both Essent Group and Walker & Dunlop sport a Zacks Rank #1 (Strong Buy), Home Loan Servicing Solutions holds a Zacks Rank #2 (Buy).

Monday, November 24, 2014

The Media's Orgasm

from garyo 

The media (to gain more attention and traffic)  plays this like we are going to see something like a landing on the moon. Ha ! now just 17  mins away , could be interesting  

Just in  ' No Charges'

7:01 PST Goodness, now, apparently  Prez Obama has something to say about Ferguson   

7 : 05  Michael Browns family urges constructive action  

7: 20  President Obama concludes his speech  

Live Updates From Ferguson on the Grand Jury Decision in Michael Brown Shooting

from nytimes

Live Updates From Ferguson on the Grand Jury Decision in Michael Brown Shooting November 24, 2014 3:53 pm
A protester held up a sign with a drawing of Michael Brown in Ferguson, Mo., on Monday.CreditJewel Samad/Agence France-Presse — Getty Images
Journalists with The New York Times in Ferguson, Mo., and around the country are following the work of the grand jury in the shooting death of Michael Brown, an unarmed black teenager who was fatally shot Aug. 9 by Darren Wilson, a white police officer.
In the hours before a decision is announced, school districts announced closings and the governor arrived.
An Overview of What Happened in Ferguson
Timeline: Tracking the Events Following the Shooting
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5:10 P.M.Clergy Plan Gatherings
Prayer Service and Rally. Tonight. 7pm. West Side MB Church Florissant. #Ferguson
— MCU St. Louis (@MCUStLouis) 24 Nov 14
Whatever the decision, clergy will gather tomorrow at 6:30am at Shaw Park in Clayton for prayer and action. Join us! #ferguson
— MCU St. Louis (@MCUStLouis) 24 Nov 14
5:26 P.M.Missouri Governor to Hold News Conference
#Ferguson tonight: @GovJayNixon will hold a news conference at 5:30 p.m. CST. Grand jury decision announced separately; time TBA.
— Julie Bosman (@juliebosman) 24 Nov 14
4:54 P.M.Media Trucks Outside the Courthouse in Ferguson, Mo.
News media trucks outside the county courthouse in Clayton, Mo., on Monday.Credit Whitney Curtis for The New York Times
5:09 P.M.St. Louis School Districts Consider Closing on Tuesday
FERGUSON, Mo. – In the minutes and hours after officials announced that the grand jury weighing charges in the fatal shooting of Michael Brown had made a decision, school officials here reacted swiftly.
The Riverview Gardens school district, one of several that serve the city of Ferguson, announced that its schools would be closed on Tuesday. “This decision was based on input we have received from local law enforcement and in consideration of the safety of all students and staff,” the district said in a statement on its website.
Other districts in the St. Louis region appeared poised to announce similar closings. In Clayton, the seat of St. Louis County and the site of the courthouse where the grand jury has been meeting, school administrators announced that they were canceling all after-school and evening activities on Monday, including athletic practices and games.
Another district in the Ferguson area, Hazelwood, said it had also canceled after-school activities on Monday. Both the Clayton and Hazelwood districts had yet to announce whether its schools would be closed Tuesday.
As the St. Louis County prosecutor, Robert P. McCulloch, prepared to announce the grand jury’s decision Monday evening, he appeared to be honoring at least one request – a letter signed by several superintendents in the region asking him to make the decision public when schools were closed.
On Oct. 22, area superintendents had asked Mr. McCulloch to avoid announcing the grand jury’s decision during the school day, citing concerns about getting children to and from school safely. The letter was sent to Mr. McCulloch by Scott Spurgeon, superintendent of the Riverview Gardens district, and it was signed by six other superintendents.
“Information released during the school day has the potential to greatly affect school district operations, and we implore you to refrain from making a grand jury announcement until such time as we can provide safe passage home for all students,” the letter read.
4:29 P.M.Handful of Protesters Greet Governor Nixon
FERGUSON, Mo. – As Gov. Jay Nixon’s convoy passed by the Ferguson police station on Monday afternoon, fewer than a dozen protesters stood on the sidewalk across the street.
No one had any idea that the governor had just driven past the site of numerous demonstrations in recent days. One man thought the convoy was made up of F.B.I. vehicles. Minutes before Mr. Nixon drove by, a man in a Vietnam Veterans cap pounded a steel bucket, yelling: “Put the pressure on! Indict! Indict!”
Told it was the governor’s convoy, another protester, Marvin Skull, 55, who wore an American flag bandanna covering his face, was unimpressed. “It makes things worse,” Mr. Skull said. “I don’t want to see him. The governor had an opportunity to ask McCulloch to step down, and he didn’t do it.”
He was referring to Robert P. McCulloch, the St. Louis County prosecutor.
4:25 P.M.Missouri Governor Visits Ferguson Businesses
Gov. Jay Nixon visited the restaurant Ferguson Burger Bar & More after arriving in Ferguson on Monday.Credit Alan Blinder/The New York Times
FERGUSON, Mo. — Gov. Jay Nixon repeatedly refused Monday to discuss the pending grand jury decision as he toured local businesses here,
Mr. Nixon’s stops included the Ferguson Burger Bar & More, a restaurant near the site of significant unrest in August, and a bakery near the city’s police station.
Mr. Nixon would not discuss the work of the grand jury and said he was stopping at businesses to show support.
“These are businesses that are continuing to work each and every day in a good community here and wanted to make sure that they know that the state and the region is behind them,” Mr. Nixon said. “These small businesses are the backbone of the economy, and spending a little time with them is a good thing to do.”
4:13 P.M.Officer Wilson Prepares for Decision
Darren Wilson, the police officer who fatally shot Michael Brown, at a City Council meeting in Ferguson, Mo., in February.Credit City of Ferguson, via Associated Press
People close to Officer Darren Wilson said that he had spent the last several days in a state of nervous anticipation.
He has carefully prepared for the possibility of being indicted in the shooting death of Michael Brown. Last week, he met with Jeff Roorda, an official with Shield of Hope, a charitable foundation for police officers that had offered to provide him with bail money, should it be needed.
His lawyers have spoken with officials in the prosecutor’s office to discuss how Officer Wilson would turn himself in if the grand jury returned an indictment. The tentative plan, people close to Officer Wilson said, was that he would be quietly brought into the courthouse in Clayton, where he would post bond, accompanied by his lawyers.
Throughout the last three months, Officer Wilson has typically stayed close to St. Louis, reading news articles and following television coverage of the case, those close to him said. He has made no public statements or appearances.
But he has given considerable thought to how he might begin to emerge from the shadows: He flirted with the idea of telling his story on television, holding off-the-record meetings with television anchors, including Anderson Cooper of CNN, who have courted him for interviews.
And in a secret ceremony in October, he married his fiancée, Barbara Spradling, also a Ferguson police officer, court records show. His lawyer and longtime family friend, Greg Kloeppel, stood witness to the ceremony.
Officer Wilson remains on paid administrative leave, but local officials said they expected that he could resign in the coming days.
4:09 P.M.Announcement Planned in Ferguson Shooting
Adner Marcelin, a spokesman for the lawyers for the Brown family, said that prosecutors had notified the family that the grand jury had reached a decision and that it would be announced Monday after 5 p.m. Central Time.