William Erbey’s profile picture

William Erbey

William Erbey’s profile picture
Net worth 2018: $1.8 Billion
Industry: Finance
Country: United States
Education: Master of Business Administration, Harvard Business School; Bachelor of Arts / Science, Allegheny College
BIOGRAPHY

William Erbey was born in United States. Mortgage titan William Erbey built Ocwen Financial into one of the country's largest nonbank mortgage servicers after big banks retreated from the space during the financial crisis. He is in hot water with New York State regulators, who are examining the financier's business practices. Authorities allege his mortgage servicer Ocwen Financial required underwater homeowners to buy a specific type of home insurance policy through a company, Altisource Portfolio Solutions, in which he has a significant stake. That arrangement allegedly allowed Altisource to generate $65 million in fees. The scrutiny sank the stocks of Erbey's several public entities, lowering his fortune by $500 million in the past year. Erbey started his career at General Electric Capital Corporation, and holds a BA in Economics from Allegheny College and an MBA from Harvard University. He lives in the US Virgin Islands, where he moved in 2012.

NET WORTH STATISTIC
2013

$2.3 Billion

2014

$1.8 Billion

2018

$1.8 Billion

TIMELINE
1653

He opposed the Baptists, for example in his 1653 pamphlet A Mad Man's Plea

1646

In 1646 he took part in a high-profile dispute with the orthodox Presbyterian and heresy watchdog Francis Cheynell

1642

He became chaplain, when the English Civil War broke out in 1642, to the regiment of Philip Skippon in the Parliamentary Army

1640

He expected that a regime of ‘saints’ would (in the later 1640s) carry out God's will in England

1638

He was ejected in 1638 from his Cardiff parish of St Mary's, under the Bishop of Landaff who had branded him a schismatic, after several citations before the Court of High Commission

1632

Anthony Wood (1632–1695), the English antiquary, records that Erbery died in London in April 1654 and was buried at either "Ch

1623

He graduated from Brasenose College, Oxford, England in 1623

1604

William Erbery or Erbury (1604 – April 1654) was a Welsh clergyman and radical Independent theologian

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