CFPB, Florida Sue Ocwen For Mortgage Servicing Issues – Law360

Law360, New York (April 20, 2017, 5:02 PM EDT) — The Consumer Financial Protection Bureau on Thursday sued mortgage servicer Ocwen Financial Corp. in Florida federal court alleging that the firm.

CFPB officials said that mortgage servicer Ocwen (OCN) and its subsidiaries have failed to clean up their act, even after the CFPB ordered Ocwen in December 2013 to fork over $2 billion in relief.

In a 93 page complaint recently filed in Southern District of Florida, the Consumer Financial Protection Bureau alleged that Ocwen Financial Corporation, Ocwen Mortgage Servicing, Inc. and Ocwen.

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The Consumer Financial Protection Bureau (CFPB) is suing Ocwen Financial Corp. and its subsidiaries for "failing borrowers at every stage of the mortgage servicing process"; however, the bureau has not yet announced any fines and, so far, is only requiring Ocwen to address the alleged problems with its servicing practices.

Coverage of federal case Consumer Financial Protection Bureau v. OCWEN Financial Corporation, Inc. et al, case number 9:17-cv-80495, from Florida Southern Court.

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CFPB, Florida Sue Ocwen For Mortgage Servicing Issues. Share us on: By Evan Weinberger. Law360, New York (April 20, 2017, 5:02 PM EDT) – The Consumer Financial Protection Bureau on Thursday sued mortgage servicer Ocwen Financial Corp. in Florida federal court alleging that the firm’s servicing database is riddled with inaccuracies and incomplete information that resulted in wrongful.

On April 20, 2017, the CFPB filed a lawsuit in the federal district court for the Southern District of Florida against Ocwen, Ocwen Mortgage Servicing. Inc. (OMS) and Ocwen Loan Servicing, LLC (OLS) alleging violations of federal consumer financial laws relating to our servicing.

CFPB, Florida Sue Ocwen For Mortgage Servicing Issues. Share us on: By Evan Weinberger. Law360, New York (April 20, 2017, 5:02 PM EDT) – The Consumer Financial Protection Bureau on Thursday sued mortgage servicer Ocwen Financial CorpConsumer Financial Protection Bureau on Thursday sued mortgage servicer

By Evan Weinberger. The Consumer Financial Protection Bureau on Thursday sued mortgage service company Ocwen Financial Corp in Florida federal court alleging that the firm’s servicing database is riddled with inaccuracies and incomplete information that resulted in wrongful foreclosure proceedings against around 1,000 families, the same day Florida filed a similar suit against the company.