ocwen 02Ocwen SEC filing reveals details of CFPB mortgage servicing investigation

 

This is a housingwire.com article.

 

Nonbank set aside $12.5 million for potential settlement.

During a call with investors to discuss the company’s fourth-quarter earnings, Ocwen Financial CEO Ron Faris said resolving the Consumer Financial Protection Bureau’s investigation into the company’s mortgage servicing practices is a top priority in 2017.

In Ocwen’s third-quarter 10-Q filing with the Securities and Exchange Commission, the company revealed that it could be facing a fine and/or other disciplinary action from the CFPB.

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