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You know who mortgage manipulator Wilbur Ross is?
WL Ross & Co., LLC (“WL Ross”), is a Delaware limited liability fund management company with its principal place of business located in New York, New York located at 1166 Avenue Of The Americas, 25th Floor, New York, NY 10036. WL Ross & Co., signed an agreement to buy H&R Block Inc.’s troubled Option One Mortgage Corp. a mortgage servicing business for $1.1 billion, ranking it the fourth-largest in the nation. Ross then agreed to acquire $42 billion in mortgage servicing rights from American Home Mortgage Investment Corp. American Home Mortgage Servicing Inc. was sold to Wilbur Ross & Co. LLC, as part of the bankruptcy liquidation, in November 2007. The entity was formed by affiliates of WL Ross & Co. LLC in November 2007 for the purpose of acquiring the servicing assets of American Home Mortgage Investment Corp., American Home Mortgage Corp. and American Home Mortgage Servicing Inc. in the bankruptcy liquidation. American Home Mortgage Servicing Inc. changed its name to Homeward Residential Holdings, Inc. Ocwen announced plans to buy Homeward Residential Holdings, Inc. from WL Ross & Co. for $750 million. The acquisition was finalized on Dec. 27, 2012. The Chief Executive Officer of WL Ross & Co. is billionaire private equity investor and turnaround specialist Mr. Wilbur L. Ross, Jr. (“Ross”). Wilbur L. Ross, Jr., is also a member of the Ocwen Board of Directors.
“Reviving Glass-Steagall is a bold anti-Clinton move.” And it is simply pandering to the Sanders supporters since Sanders has constantly discuss the need of bringing the Glass-Steagall bill. Also, Sen. Warren crafted a new Glass-Steagall bill which is of course GOP controlled Senate will never let that happen.
Repealing Dodd-Frank and reinstating Glass-Steagall would be a HUGE step toward returning the Republican Party to it’s roots of simply supporting what’s the right thing to do as opposed the the RINOs who have turned the GOP into Democrat Party #2.
Agreed. I think it’s an unexpected, but healthy reform. The transformation of both parties went unnoticed by the constituents – just like the changing or rather manipulation of laws. Listening to the speech it was like a Jackson, Jefferson, Lincoln ticket.