An upcoming installment in the Five Star Institute Webinar Series will discuss the current era in mortgage servicing and provide tips on how to navigate this record-breaking time in the servicing space.
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The deal was made after allegations from attorneys generals surfaced, claiming the bank violated foreclosure, servicing or loan modification practices, harming borrowers who were already in distress and who may have had other relief options available at the time.
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In what was Ocwen's second report on consumer relief under the NMS, the Atlanta-based servicer reported that through the end of the fourth quarter in 2014, 21,257 borrowers had completed first-lien modifications and benefited from $1.9 billion in consumer relief.
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