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NY regulators target Ocwen in probe

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Mortgage Professional America | 23 Apr 2014, 03:10 AM Agree 0
One of the nation’s largest servicers has been accused by New York state regulators of gouging investors and distressed homeowners
  • Surprise Lady | | 23 Apr 2014, 04:24 PM Agree 0
    Add to that they outsource their document processing out of the country. Had a transaction and the paperwork came from India. Lost the transaction as the buyer became frustrated with the process.
  • Foofy | | 16 Jul 2014, 04:34 PM Agree 0
    I am hoping that the investigation into these practices continue; we are at present purchasing a home for grandchildren to rent from Hubzu; and yes there is something not right; Ocwen took the property back for $93,000 and our total with auction fees and a (get this) technology fee will be over $114,000. They are making a profit from the misfortunes of many and making it so hard for young people to get started in homeownership!
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