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Home » Store » State Regulation » Ocwen Faces Intense Scrutiny from NYDFS

Ocwen Faces Intense Scrutiny from NYDFS

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State Regulation

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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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