CFPB, Florida Sue Ocwen For Mortgage Servicing Issues – Law360

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

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The Consumer Financial Protection Bureau (CFPB) today sued one of the country’s largest nonbank mortgage loan servicers, Ocwen Financial Corporation, and its subsidiaries for failing borrowers.

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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.

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On April 20, the Consumer Financial Protection Bureau (CFPB) filed an enforcement action against Ocwen and its subsidiaries for violation of mortgage servicing rules. The CFPB’s suit was filed.

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.

A federal magistrate judge in Florida recently denied the CFPB’s motion to make public certain business information about a large mortgage servicer that had. financial protection laws relating to.

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UNITED STATES DISTRICT COURT . SOUTHERN DISTRICT OF FLORIDA. OCWEN FINANCIAL CORPORATION, a Florida corporation, OCWEN MORTGAGE SERVICING, INC., a U. S. Virgin Islands corporation, and . OCWEN LOAN SERVICING, LLC, ("OFC") is a publicly-traded Florida corporation that maintains its.

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CFPB Promises Extra Scrutiny For Ocwen after Lawsuit.. Cordray pointed out that in less than a month, the Bureau’s new mortgage servicing rules will take effect and Ocwen, like other servicers.

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The CFPB’s suit was filed in the U.S. District Court for the Southern District of Florida, naming Ocwen and two of its subsidiaries–Ocwen Mortgage Servicing, Inc. and Ocwen Loan Servicing, LLC.