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Home » Store » Investors » Home Loan Servicing Agrees to $1.5 Million Penalty to Settle Conflict-of-Interest Charges, Income Misstatement

Home Loan Servicing Agrees to $1.5 Million Penalty to Settle Conflict-of-Interest Charges, Income Misstatement

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An acquirer of mortgage servicing rights has agreed to pay $1.5 million and to stop committing further violations to resolve charges of misstating net income and misleading the Securities and Exchange Commission about its relationship with servicer Ocwen Financial Group. The settlement agreement between the SEC and Home Loan Servicing Solutions is the latest twist in the long-running federal and state investigations of Ocwen and its relationships with affiliated companies, which have included HLSS, Altisource Residential, Altisource Portfolio Solutions and Altisource Asset Management. The common thread in all five companies is...
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