I am a former employee who knows Ocwen is sending its operations to India in a last ditch effort to stop BK filing. It's public knowledge that Ocwen has reported losses in at least the last four quarters, almost 50 million the most recent quarter and almost 25 million the previous quarter.
You think things are bad now with this company's deceptive and illegal practices, wait until they go to India where the people there have no concept of the mortgage industry. Not to mention American jobs are being lost in this already troubled economy.
Whether this India project succeeds or fails Ocwen will be out of business in less than a year. Want more??? Stay tuned. I have information that will blow your mind and could land Ocwen on 60 Minutes ala Enron and WorldCom.
James
Brooklyn, New York
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