....<br><br>Thanks for the clarification, its my dyslexia kicking in. Thanks for regurgitating the 8-K, I read the whole thing.<br><br>Just wondering why Ocwen would be moving or "selling" their servicing rights off shore, to a spin-off of ocwen from the caymen islands. <br><br>This company has never serviced a loan of any kind, EVER! Its a Co. created by Ocwen run by its former executive chairman founded in the caymen islands. So yes, there is something sinister going on here, just way above my pay grade!<br><br>Why would Ocwen move all of these loans off book, to an island that has very strict banking secrecy laws, not to long after it signed a consent order, to a company that has never serviced a loan in it life.<br><span style="font-family: Verdana; font-size: 14px; line-height: 22px; background-color: #cccccc;"><br><br></span>
I really don't see your point Angelo. Honda is headquartered in Japan, Mercedes is headquartered in Germany, we could go on and on about companies that conduct business in the US, but their true parent HQ is in a different country. HLSS has offices in Georgia and Florida.... http://ir.hlss.com/
As I posted before, there are a variety of reasons a servicer will sell its rights. Some may be more ethical than others, but none are illegal. Chasing the white rabbit down the rabbit hole is the reason so many people lose their homes. They are so memorized by the thought of trusts, securitization, ect... they just neglect to set forth the very robust defenses they have.
Nobody is chasing any rabbits anywhere... And are you serious! Are you really trying to compare Honda, being a co. from japan and having offices and plants in the US or elsewhere to what Ocwen is doing?
"HLSS has offices in Georgia and Florida..." Just because some Co. opens an office in the US doesn't mean squat. I will bet you that HLSS never services a single loan ever, the will make Ocwen a subservicer and have them do all the work. Plausible deniability!
please do tell.