Tag Archives: Ocwen

State lifts restrictions in exchange for fine and debt forgiveness; company admits no wrongdoing.

Ocwen Financial Corporation recently announced that according to the recently released U.S. Department of the Treasury MHA Report, they are the leader in helping struggling homeowners stay in their homes through HAMP.

Ocwen Loan Servicing, LLC reaches settlement to end using offshore unlicensed companies performing mortgage servicing.

With Walter Investment Management Corp.taking a loss during Q1 and both Ocwen Financial Corp. and Nationstar Mortgage Holdings reporting net losses for Q2, all eyes will fall on Walter to see what their Q2 earnings report holds.

Legal expenses as a result of the Fisher cases make an impact on Ocwen's second quarter earnings.

Those suits sought damages intended to triple the total HAMP and FHA payments made on Ocwen-serviced loans, or roughly $5,500 to $11,000 per alleged false claim, according to Ocwen's SEC filing.

An independent monitor for the National Mortgage Settlement reported that Ocwen has fulfilled its consumer relief obligation under the NMS. But the news wasn't all good.

The first quarter of 2016 has not been kind to the profits of banks. If Ocwen's Q1 earnings report is any indication, it was not such a great quarter for non-bank servicers, either.

With the regulatory turbulence of 2014 largely behind them, Ocwen still had a tough year financially in 2015.

Ocwen Financial Corporation and the City of Milwaukee have announced an initiative to provide substantial assistance to homeowners in Milwaukee who want to keep and repair their homes, according to an announcement from Ocwen.