American Banker

Ocwen goes on the offense in fight with regulators

In an attempt to show it went all out to help struggling homeowners, the embattled mortgage servicer Ocwen Financial provided an unusual level of detail about foreclosures that regulators have deemed ...
Insurancenewsnet.com

DBO Reaches $225 Million Settlement with Ocwen Loan Servicing to Resolve Case Involving Hundreds of Violations

SACRAMENTO, Calif., Feb. 17-- The California Department of Business Oversight issued the following news release: The California Department of Business Oversight (DBO) today signed a $225 million ...
San Diego Union-Tribune

Ocwen will pay $225 million to settle allegations it violated mortgage servicing rules

Mortgage servicing giant Ocwen will pay $225 million in refunds and loan forgiveness to Californians, settling allegations that sloppy practices led to violations of state and federal mortgage rules ...
The Motley Fool

Ocwen Financial Posts a Massive Loss Despite Cost Containment Success

A healthy mortgage market has helped many financial institutions, but Ocwen Financial (OCN 2.06%) still faces major challenges that the company thus far hasn't been able to work through. Coming into ...
HousingWire

Additional states restrict Ocwen’s business over mortgage servicing issues

Last week, a group of 22 states sanctioned Ocwen Financial and Ocwen Loan Servicing for alleged widespread issues with consumer escrow accounts and allegations that the companies were conducting ...
American Banker

Ocwen's Deal to Buy Rival Servicer Litton Likely a Scale Play

Ocwen, a subprime special servicer in West Palm Beach, Fla., will nearly double in size when it acquires Litton, which services $41.2 billion of home loans, mostly subprime or distressed debt. Several ...
HousingWire

Ocwen reaches mortgage settlements with two more states, inks new deal with New Residential

Ocwen Financial is getting closer to putting its mortgage servicing issues with more than half the country’s state regulators in the past. The company disclosed Friday in a filing with the Securities ...
Los Angeles Times

Mortgage servicer Ocwen botched loans so badly, its own exec called its system a train wreck, CFPB says

Ocwen said it received the orders from state regulators and is “in the process of reviewing them in detail.” The consumer bureau alleged problems at the company are wide ranging and include ignoring ...
Fox Business

Ocwen Shifts Back to Losses as Outstanding Issues Remain

The mortgage business has been fraught with problems in the recent past, and mortgage servicing specialist Ocwen Financial (NYSE: OCN) has had to deal with problems that have raised the attention of ...
nationalmortgageprofessional.com

Ocwen Amended Complaint Against Fidelity Information Services Documents Fraud: Fidelity National Information Services Named Defendant

It’s a case that seems all too reminiscent of the abuses that were commonplace in the days before the 2008 crash. The battle between Ocwen Financial Corporation and Fidelity Information Services (FIS) ...
Business Insider

Ocwen Financial Corporation Names Glen Messina President and Chief Executive Officer

Glen Messina will assume leadership role concurrent with the closing of Ocwen’s acquisition of PHH Corporation Ron Faris to Retire as President and Chief Executive Officer WEST PALM BEACH, Fla., April ...