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Tag Archives: Investors

Detroit Tops Single-Family Investments List

According to Q1 data, Detroit offers investors the highest gross yield when it comes to single-family properties. The city came in No. 1 out of the nation’s top 25 metros, with a 17 percent average gross yield for the quarter. Cleveland and Milwaukee came in at No. 2 and No. 3, respectively. Detroit also had the highest number of investor purchases over the last year, indicating increasing interest in the market.

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Deadline Approaches for Shareholders to Pursue Claims Against Ocwen

According to Tripp Levy, Ocwen has made public statements to its shareholders that were false and misleading. The firm stated that the deadline for investors to make their claim is approaching, as it mounts a class-action law suit on behalf of shareholders who purchased shares of Ocwen during the period between May 11, 2015 and April 19, 2017. In reaction to recent allegations, Ocwen has responded: "Under these circumstances, Ocwen has a responsibility to its customers, shareholders, and employees to vigorously defend the Company."

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