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Ocwen chairman resigns, company to admit misconduct

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Mortgage Professional America | 22 Dec 2014, 08:53 AM Agree 0
As part of a regulator agreement, Ocwen will acknowledge misconduct and pay hundreds of millions toward homeowner aid.
  • Dot | | 22 Dec 2014, 10:14 AM Agree 0
    None of this is new. Wherever Ocwen services mortgages in the country, back to when it was in Palm Beach County, they've never operated any differently. New York is only one part of the puzzle. If Ocwen was investigated in every state it held servicing mortgages, to include Pueto Rico, you would find the same occurrences. Ocwen has been getting sued from the beginning of time and it's never cared. This is the first time they've (the Erbey's), actually had to pay for something they've done wrong. And why are they in the Cayman Islands??
  • Y Mi | | 27 Dec 2014, 09:37 AM Agree 0
    They should have to facilitate getting these people homes at low market value with mortgages that have beneficial terms for these borrowers and give them the funds for the down payment and closing costs(essentially making them whole again).
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