Texas orders Ocwen to stop acquiring new mortgage servicing rights The Texas Department of Savings and Mortgage Lending recently ordered Ocwen Financial Corporation to cease and desist, adding its name to a growing list of states and regulators coming after the...
OCWEN FILES MOTIONS FOR RESTRAINING ORDERS AND INJUNCTIONS AGAINST ILLINOIS AND MASSACHUSETTS MORTGAGE REGULATORS WEST PALM BEACH, Fla., April 25, 2017 (GLOBE NEWSWIRE) — Ocwen Financial Corporation, (NYSE:OCN) (Ocwen or the Company), today announced the filing of two...
Housingwire: Maryland’s action, taken by the state’s Commissioner of Financial Regulation, is, in the words of a HousingWire tipster, a “doozy.” Maryland’s cease-and-desist order, which can be read in full here, presents a laundry list of Ocwen’s supposed failings,...
If Ocwen is (or was) Your Servicer Take Action Now! Ocwen has admitted that its mortgage servicing policies and loan processing systems are a “train wreck”. As regulators and the Consumer Fraud Protection Bureau (CFPB) set their sights Ocwen, we recommend that FRAUD...
CFPB, Florida Sue Ocwen For Mortgage Servicing Issues Share us on: By Evan Weinberger Law360, New York (April 20, 2017, 5:02 PM EDT) — The Consumer Financial Protection Bureau on Thursday sued mortgage servicer Ocwen Financial Corp. in Florida federal...