Ocwen Financial, Atlanta Headquarters, 2002 Summit Blvd.
John Disney
West Palm Beach-based Ocwen Financial Corp. entered agreements with 15 states, but is only halfway to resolving a rash of punitive actions against it by dozens of regulators and suits by two attorneys general.
The company did not admit or deny liability in any of the agreements, which include no monetary fines or penalties. But Ocwen will make extensive changes, including replacing its loan servicing platform, refusing to add new loans to its current system, and hiring an auditor for an escrow review of about 8,000 to 10,000 loans.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
Trending Stories
-
'Old School' Expectations Plague Young Lawyer Mental Health—But Not All Predecessors Are Sympathetic
Featured Firms
Law Offices of Gary Martin Hays & Associates P.C.75 Ponce De Leon Ave NE Ste 101Atlanta, GA 30308(470) 294-1674www.garymartinhays.comLaw Offices of Mark E. Salomone2 Oliver St #608Boston, MA 02109(857) 444-6468www.marksalomone.comSmith & Hassler1225 N Loop W #525Houston, TX 77008(713) 739-1250www.smithandhassler.comPresented by BigVoodoo
More From ALM
View Now
View Now
View Now
London
Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.
Learn More
Atlanta, GA
The Daily Report is honoring those attorneys and judges who have made a remarkable difference in the legal profession.
Learn More
New York
Consulting Magazine identifies consultants that have the biggest impact on their clients, firms and the profession.
Learn More
Associate attorney position at NJ Immigration Law firm: Leschak & Associates, LLC, based in Freehold, NJ, is looking for a full time ass...
Apply Now ›
Company Description CourtLaw Injury Lawyers is an established Personal Injury Law Firm with its primary office located in Perth Amboy, New J...
Apply Now ›
Black Owl Recruiting is looking for a number of qualified applicants to fill positions for a highly reputable client. Recent experience work...
Apply Now ›
Connecticut Law Tribune
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
View Announcement ›