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Tag Archives: Ocwen

Ocwen Files Restraining Order, Receives New Fitch Rating

Ocwen Financial filed two emergency motions requesting the immediate court action restraining the cease and desist order brought by the Illinois Department of Financial and Professional Regulation, Division of Banking and the Commissioner of Banks of the Massachusetts Division of Banks. The recent events have caused Fitch to give Ocwen a new rating.

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Ocwen Responds to Suit from CFPB, 21 States

CFPB and 21 state's litigation against Ocwen created ripples through the industry . In a statement, Ocwen repsonded to the litigations. Accordiong to Ocwen, the suit's allegations are "inaccurate and unfounded."

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Ocwen MSR Block May Soon Be Lifted

According to the latest Consent Order from the New York Department of Financial Services, Ocwen may be one its way to once again acquiring mortgage servicing rights. The financial institution has been blocked from doing so for more than three years, since NYDFS began investigating its portfolio in February 2014. Ocwen is one of the country’s largest non-bank lenders.

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Ocwen Appoints Independent Member on its Board of Directors

The company has also increased the size of the Board from eight members to nine after the appointment of the newest Board member. Ronald J. Korn, a Director at Ocwen, has informed the Board that he will retire from the Director position this May. Upon Korn’s resignation, the size of the Board will be reduced from nine members to eight.

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MHA Report Shows Ocwen Leader in HAMP Programs

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.

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