This post will take a look at situations where mortgage servicers screw up and why they screw up. I’ll let you decide whether or not they are “evil” and whether or not they deserve their bad press and regulatory attention.
There are different approaches to billing users for Internet usage. This post looks at the ways in which ISPs might raise prices and implement price tiering for its customers.
This year, both Ocwen and Altisource’s share prices have gone down roughly two thirds. I think that some of the fears regarding these stocks are based on misconceptions.
This is a follow-up to my previous post. I suspect that the EPS decrease from Altisource shutting down its lender placed insurance brokerage business is largely not recurring and is more like a one-time charge. If the EPS hit is one-time, it would mean that Altisource’s franchise is largely unaffected.
Today, Altisource stated that it is discontinuing its lender placed insurance brokerage business (press release).
The discontinuation of this business line is expected to reduce Altisource’s quarterly diluted earnings per share by an average of approximately $0.50 – $0.65 for the period October 1, 2014 through December 31, 2015.
My guess is that Altisource was involved in taking kickbacks for force-placed insurance. It is Ocwen that should decide whether or not to take kickbacks and it is Ocwen that would get to keep such kickbacks. However, it could be the case that Ocwen took its kickbacks as a lump sum fee when it sold Beltline Road Insurance to Altisource. See this Associated Press article which explains how it works. The article quotes a source that argues that what Ocwen/Altisource are doing is wrong.
Currently, Erbey wants Altisource to get out of (kickbacks on) force-placed insurance due to “uncertainties with industry-wide litigation and the regulatory environment”.
This post will look at how the content of a show, its monetization strategy, and avenues of distribution all interact with each other. In the end, I think that the most important factor in monetizing content is scale. Being able to monetize a piece of content repeatedly creates incredible value.
- Google Finance might lag behind real-time quotes.
- My spreadsheets often contain errors in them. I make a lot of mistakes.
- The valuation of some assets is subjective. These should be highlighted with a light red background.
- Not all of the prices in the LMCA spreadsheet are updated. The prices for non-American publicly-traded stakes are old.