This is what a train wreck looks like. The Altisource (ASPS) stock was cut in half in a few days. Ocwen (OCN) stock was hit even harder with a 60% loss. The mortgage segment is the run-down home of $3 mortgage inspections and 99.5% of the fraud, greed and corruption in the industry. It’s best to avoid any Mortgage Order Mill (MOM) that in any way links back to Ocwen or Altisource.
The mortgage segment is a run-down neighborhood. These are not easy fix-it-upper stocks that need only just a little new paint.