A group of mortgage-bond investors have sent a letter to Ocwen in which they accuse the company of “imprudent and improper” actions that may be the precursor to a lawsuit, according to Kathy Patrick of Gibbs & Bruns LLP. The company has been under the microscope in recent months for improper conduct, highlighted by a tangle with the State of California. Ocwen agreed last Friday after close of business to pay a 2.5 million dollar fine in order to avoid suspension of their operating license in the state. The latest woes only make the outlook more challenging for the beleaguered loan servicer. Read more here
Archives for January 2015
Reducing the amount of space in which you live might be a big idea whose time is here. Its subscribers refer to it as micro living, or the tiny house movement among other names, but the idea is the same: lowering the amount of space, the amount of stuff, and the amount of debt. It’s an idea that is finding growing support. However, as with all tradeoffs, the benefits also come with some challenges. How do you part with ‘stuff’ that you want to keep or that has intrinsic value to your life, and where do you have your private space? A recent story here touches on some of these and other related points.
If staying inside this winter is driving you up a wall, then get yourself motivated by getting your house in shape. Start off with choosing a few projects, and planning them out to complete by the start of opening day. If you need a suggestion, start with the ones that will improve your home’s value the most.
1. Make your walls feel like new with fresh paint or wallpaper
2. Tile in a backsplash in your kitchen
3. Brighten up your spirits with new lighting
4. Open a new door by replacing old ones
5. Relax in a new tub after installing it
More info and links are here, good luck!