The Real Risk in Ocwen
I have written on $OCN on Harvest in the past. A lot of events have taken place since my August write up, mostly adverse to company fundamentals. But the real risk has not been discussed in any analyst report that I have read or during my conversations with holders of the stock.
In order to understand the real and existential threat that Ocwen now faces, you will need to look very closely at how it funds its advances. Then go back and study what happened to the likes of Countrywide back in 2008/2009.
In order to understand the real and existential threat that Ocwen now faces, you will need to look very closely at how it funds its advances. Then go back and study what happened to the likes of Countrywide back in 2008/2009.
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