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Ocwen Financial

FintechNews RoundupUSA
·Apr. 21, 2017

Ocwen Financial Corp. Receives Enforcement Orders from 22 State Regulators

Ocwen Financial is currently managing enforcement orders from 22 state regulators regarding abuse of mortgage servicing; factors involved with the proceedings include illegal foreclosures, deceptive fees and mishandled customer home loan payments; shares of the publicly traded company have fallen approximately 50%; the enforcement orders prohibit the acquisition of new mortgage servicing rights and the origination of mortgage loans. Source

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