William Erbey Net Worth

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.
William Erbey is a member of Finance

💰 Net worth: $1.8 Billion

2013 $2.3 Billion
2014 $1.8 Billion
2018 $1.8 Billion

Some William Erbey images

Biography/Timeline

1623

Erbery was born in Glamorganshire. He graduated from Brasenose College, Oxford, England in 1623.

1632

Anthony Wood (1632–1695), the English antiquary, records that Erbery died in London in April 1654 and was buried at either "Ch. Church" or the "Cemiterie joyning to Old Bedlam near London".

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. His offence was refusing, along with fellow Dissenters Walter Craddock and william Wroth, to read the Book of Sports. He became chaplain, when the English Civil War broke out in 1642, to the regiment of Philip Skippon in the Parliamentary Army. According to Christopher Hill

1640

From there he retired to the Isle of Ely. He was a Seeker; in Ely he expanded the Seekers in the 1640s.

1653

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

2018

He favoured broad religious tolerance, and was dismissive of churches, believing that ‘apostasy’ had set in early in Christian times; and criticized much even in the Independent churches of his time. He attacked the assumption of the sufficiency of scripture, but doubted the Trinity had Biblical support. He believed free grace had been brought forth by John Preston and Richard Sibbes, preached universal redemption, and denied the divinity of Christ. His millennarian views included a Second Coming, but realised by and within 'saints'.