Volume 2014 - Number 22
October 24, 2014
Ocwen Faces Intense Scrutiny from NYDFS
The New York Department of Financial Services has found serious issues at Ocwen Financial, including the backdating of “potentially hundreds of thousands” of letters to borrowers, the NYDFS said in a letter to the nonbank servicer released this week. The allegations could be the most damaging yet for Ocwen, which has faced concerns from the NYDFS since February when Ocwen placed a planned $39.2 billion mortgage acquisition on indefinite hold in an effort to resolve issues raised by the agency ...
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