$49M in principal mortgage reductions for struggling homeowners
and $1,000+ cash payments to eligible foreclosed borrowers in Washington
state
Tougher mortgage servicing standards hold Ocwen accountable for past practices, ensure fundamental servicing reforms
SEATTLE — Ocwen
Financial Corporation of Atlanta, Georgia, and its subsidiary, Ocwen
Loan Servicing, have agreed to a joint state-federal settlement with
Attorney General Bob Ferguson, 48 additional states and the District of
Columbia, and the federal Consumer Financial Protection Bureau (CFPB).