HousingWire

CFPB sues Ocwen, alleges total failure of mortgage servicing process

April 20, 2017 is turning into D-Day for Ocwen Financial. On Thursday, a group of state banking regulators issued a series of cease-and-desist orders to Ocwen that prohibit the acquisition of new ...
HousingWire

CFPB, FTC file amicus brief against Ocwen over servicing ‘convenience’ fees

The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) announced this week that they have filed an amicus brief in the U.S. Court of Appeals for the Eleventh Circuit, ...
Reuters

Fitch affirms Ocwen Loan Servicing's CMBS special servicer rating

Nov 21 - Fitch Ratings affirms Ocwen Loan Servicing, LLC's (Ocwen) commercial mortgage-backed securities (CMBS) special servicer rating at 'CSS2-'. The special servicer rating reflects an assessment ...
Insurancenewsnet.com

Ocwen to Provide $2.1 Billion in Relief to Homeowners in State-Federal Settlement Over Loan Servicing Misconduct

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 ...
Business Wire

U.S. Bankruptcy Court Approves Sale of ResCap Mortgage Servicing and Origination Platform Assets to Ocwen and Walter Investment, and Sale of Whole Loan Portfolio to Berkshire ...

NEW YORK--(BUSINESS WIRE)--The United States Bankruptcy Court, Southern District of New York, has approved the sale of the Residential Capital, LLC’s (ResCap) mortgage servicing and origination ...