Ocwen Cease and Desist Orders: It's business model may be terminally impaired
By K.K. MacKinstry 20 states issued Cease-and-Desist orders against Ocwen Financial Corporation today and a lawsuit from the Consumer Financial Protection Bureau followed shortly thereafter. Mortgage regulators cited mismanagement of escrow accounts and poor financial conditions as reasons for the orders. Ocwen, a Florida-based company, was instructed not to acquire any new mortgage servicing rights …
Ocwen Cease and Desist Orders: It's business model may be terminally impaired Read More »