Category Archives: Q-Rants← Older posts
According to Mayor Wheeler in a recent interview with the Oregonian (“Half the arrests in Portland last year were of homeless people. Mayor Ted Wheeler says that’s a problem“), the fact that the homeless accounted for one-half of the Portland arrests last year, was likely due to “profiling or implicit bias *** The police should be […]Q-Rants
Prologue: You can’t make this stuff up! In an effort to shed its past transgressions, like a snake sheds its skin, Nationstar Mortgage has had a makeover that includes assuming a new name. It is now officially, “Mr. Cooper”. This redo, or in golfing parlance, “mulligan”, had been in the works for some time – […]Miscellany, Q-Rants, Satire, Servicers | Tagged Satire, Servicers
“THE VESTIBULE: This Is The First Part Of Hell That You Come Across In Dante’s Inferno. It Is Reserved For The Indecisive. The Souls Here In The Vestibule Were Called “Opportunists” Who In Life Were Only For Themselves, And Were Neither Good Nor Bad. It Was Also Where All Of The Angels [Were] Who Didn’t Take […]Q-Rants | Tagged Q-Rants
Portland Business Journal’s Sensationalized Headline: “White males have the easiest time getting doctor’s appointments”December 8, 2015 by Phil Querin
A Slow News Day. After a good week, it’s Friday, November 4, I’m closing up shop, looking forward to a relaxing weekend of doing absolutely nothing. As I start to turn off my computer, I make a last minute scan of emails. A Portland Business Journal feed caught my eye; it screamed: “White males have […]Miscellany, Q-Rants | Tagged Q-Rants
I do not agree with what you have to say, but I’ll defend to the death your right to say it. ~Voltaire Voltaire (born February 20, 1694), spent much of his life writing and saying what many didn’t want to read or hear, including the Catholic Church. He was imprisoned in France, his home country, and […]Miscellany, Politics, Q-Rants | Tagged Q-Rants
In a recent Wall Street Journal article by reporter Rebecca Ballhaus (“GOP to Control Senate for First Time Since ’06 After Midterm Election Sweep”) one gets a graphic picture of the breadth of the Republicans’ mid-term 2014 victory. Here’s the scorecard, by the numbers:Miscellany, Politics, Q-Rants | Tagged Politics
On December 22, 2014, distressed homeowners with loans serviced by Ocwen got a nice bit of Christmas news, while the servicer got a lump of coal. HousingWire just broke the story (here) that the company’s Executive Chairman, William Erbey is resigning and Ocwen Finnaical (OCN) will, once again, pay a huge fine, this time to […]Foreclosure, Miscellany, Q-Rants, Servicers | Tagged Bank Ethics?
Ocwen, the servicing industry’s version of a corporate piñata, is, once again, stealing the wrong kind of headlines. In a November 8, 2014 article [“Firm Accused Of Illegal Practices That Push Families Into Foreclosure”] appearing on npr.org, here, the servicing behemoth is accused of – gasp! – gouging borrowers. No! Not Ocwen! How can that […]Financial Crisis, Foreclosure, Miscellany, Q-Rants, Servicers | Tagged Ocwen, Q-Rants
In a recent November 25, 2014 Wall Street Journal online article by Katie Martin here, we learn, once again, that international banking behemoth HSBC has been caught with its hand in the cookie jar. This time, the scandal relates to the leaking of confidential client information to a hedge fund. Confirming that the bank’s top […]Miscellany, Q-Rants | Tagged Bank Ethics?
According to a recent article in housingwire.com, titled “Ocwen posts open letter and apology to borrowers,” the widely reviled Ocwen, apparently (sob) guilt-ridden because it, once again, was caught doing what it does best – taking advantage of the little guy.Miscellany, Q-Rants, Real Estate/Distressed, Residential Housiing, Servicers | Tagged Banks, Distressed Transactions, Market Conditions