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13 Feb 2014, 8:05 am by admin
Ocwen Penalized The largest non bank mortgage service provider, Ocwen, was penalized for “systemic misconduct at every stage of the mortgage servicing process. [read post]
6 Jan 2014, 12:31 pm by Editorial Board
On December 19, CFPB and 49 states and the District of Columbia filed a proposed court order requiring Ocwen Financial Corporation, the fourth-largest mortgage servicer in the country, to provide $2 billion in principal reduction to underwater borrowers. [read post]
20 Dec 2013, 8:04 am
   A Blog of Legal Times post yesterday related the Consumer Financial Protection Bureau, 49 states – including tri-state Ohio, Kentucky & Indiana – along with the District of Columbia’s  requiring Atlanta-based Ocwen Financial Corp.   [read post]
4 Dec 2012, 1:01 pm by Larry Tolchinsky
The Financial Times calls this a “denial sweep strategy”  and today, after a federal investigation, Litton has been sold to Ocwen Financial and Goldman entered into a consent agreement (hand slap) with the federal government. [read post]
10 Sep 2012, 4:01 am by Mandelman
Stay on the leading edge and increase my level of political involvement and establishing relationships with financial institutions that truly want things to be better everyday until this is over. [read post]
16 Jun 2012, 5:48 am by BuckleySandler
Ocwen Federal Bank, 523 U.S. 410 (1998), the Tenth Circuit emphasized that TILA’s three-year statute of repose was a strict limit on the time for filing suits for rescission. [read post]
8 Jun 2012, 10:48 pm by Mandelman
  In a nutshell, HAMP Tier 2 candidates may include: Those who did not meet the original HAMP guidelines Those who failed on a HAMP modification Those who own rental properties   With HAMP ‘Tier 2′, many of the initial qualification criteria are still in place: Must have been originated before January 1, 2009 Must be able to document a financial hardship Only loans on properties with one-four units can be modified Maximum outstanding loan amount applies   Now… [read post]
8 Jun 2012, 10:48 pm by Mandelman
  In a nutshell, HAMP Tier 2 candidates may include: Those who did not meet the original HAMP guidelines Those who failed on a HAMP modification Those who own rental properties   With HAMP ‘Tier 2′, many of the initial qualification criteria are still in place: Must have been originated before January 1, 2009 Must be able to document a financial hardship Only loans on properties with one-four units can be modified Maximum outstanding loan amount applies   Now… [read post]
5 Jun 2012, 1:20 am by Mandelman
More than 80 Hawaiian homeowners sent money to companies with names like First Financial and First Federal. [read post]
27 May 2012, 11:00 am
Department of Treasury, the Federal Housing Finance Agency, the HOPE NOW Alliance, Fannie Mae and Freddie Mac - and Ocwen Financial Corporation. [read post]
27 May 2012, 10:44 am by Ray Garcia
Goldman Sachs, actually, sold its loan processing unit (called Litton Servicing Loan LP) to Ocwen Financial Corp. in 2011 for about $264 million (after a $200 million write-off, loss taken by GS). [read post]
25 May 2012, 10:32 am
That being said, let's take a look at what Ocwen is doing differently from other financial institutions. [read post]
23 May 2012, 9:54 am
Those seeking Ocwen loan modifications in Miami should consult first with our Miami foreclosure attorneys. [read post]