U.S. Commerce Secretary Wilbur Ross … a billionaire … has shorted his stock in Ocwen … which pays no dividend. This was once a $60 dollar stock about 4 years ago. Today it hovers around $4.
The mortgage segment is on life support. Many of the Mortgage Order Mills … the pigs that pay $3 inspection fees … have died.
One of the deadbeat Mortgage Order Mills in Northern Virginia is not paying mortgage inspectors. They say that their client has not paid them. I was wrong about this firm. I expected that they would be dead before July 2018 and they are still around.