LexisNexis® Legal Newsroom
$2 Billion Settlement by Mortgage Servicing Giant Ocwen Financial

Mortgage servicing giant Ocwen Financial Services has reached a national settlement over alleged improprieties by the company and its subsidiaries related to mortgage servicing and foreclosure practices. The settlement, following a joint investigation by the Consumer Financial Protection Bureau, state...

New York Puts ‘Indefinite Hold’ on Ocwen Financial’s Purchase of Mortgage Servicing Rights from Wells Fargo

The New York Department of Financial Services (“DFS”) has put an indefinite hold on Ocwen Financial Corporation’s agreement to purchase from Wells Fargo Bank, N.A., mortgage servicing rights on a portfolio consisting of approximately 184,000 loans with a total principal balance of ...