The mortgage servicing giant is not having a good week
Ocwen couldn’t catch a break Thursday; immediately after more than 20 states hit the servicer with enforcement orders, the CFPB announced it was suing the company
The company allegedly “mistreated borrowers” who were attempting to save their homes from foreclosure.
Sales from February to March saw double-digit increases, while prices also sprung forward.
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Just as the student who takes too many academic shortcuts, constantly going after the easy-A in the mortgage business can have adverse consequences, too.
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The deal is likely to include cash, as well as a chunk of consumer relief and contribute to the $130 billion legal tab rung up by the big banks for their actions during the crisis.