How Mortgage Pioneer Bill Erbey of Ocwen Lost His Empire
NEW YORK (TheStreet) — Bill Erbey made more than $2 billion building what looked like a better mousetrap for collecting mortgage debt, but much of that fortune vanished in 2014 and on Monday Erbey was forced to resign as chairman of five companies he oversaw. Even Ocwen Financial , the best known of Erbey's companies, isn't exactly a household name, but in just a few years it became the largest …