ocwen 04Regulators Accuse Subprime Mortgage Servicer of Years of Abuses

 

This is a nytimes.com article.

Federal and state regulators unleashed a fusillade of lawsuits and enforcement orders on Thursday against the Ocwen Financial Corporation, a large mortgage servicer, aimed at curbing what they said had been years of flagrant and repeated abuses, including illegal foreclosures, deceptive fees and extensive mishandling of customers’ home loan payments.– Continue reading article.

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