The servicing issues at Ocwen Financial are allegedly so widespread that some states are placing stricter restrictions on the nonbank, beyond freezing the company’s ability to acquire new mortgage ...
Joseph A. Smith Jr., Monitor of the National Mortgage Settlement (NMS or Settlement), has filed a report with the United States District Court for the District of Columbia on his continued review of ...
"Our review has raised concerns surrounding conflicted business relationships between Ocwen and Altisource Portfolio," Mr ...
Back in April, more than 20 states clamped business restrictions on Ocwen Financial for alleged rampant errors with homeowners’ escrow accounts and other mortgage servicing issues. Many of the states ...
New troubles are brewing for embattled mortgage loan servicer Ocwen Financial Corp., hit Thursday with two high-profile lawsuits by the Consumer Financial Protection Bureau and Florida Attorney ...
BOSTON, Dec. 19-- The Massachusetts Attorney General issued the following news release: The nation's fourth largest mortgage servicer has agreed to provide Massachusetts homeowners with an estimated ...
Ocwen Financial's recent regulatory troubles may open the door for New Residential Investment Corp. to transfer its massive subservicing portfolio away from the beleaguered servicer to an affiliate, ...
LONDON, May 28 (Reuters) - Barclays agreed on Friday to sell its U.S. mortgage servicing business HomEq for $1.3 billion in cash, in a deal which will have a small positive impact on the British ...
(Reuters) - Mortgage servicer Ocwen Financial Corp said it received a notice from a trustee terminating its services for two pools of securitized mortgage loans. The company's shares fell 11.9 percent ...