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  • Ocwen facing CFPB investigation, potential fine for servicing practices

    It’s been nearly three years since Ocwen Financial agreed to offer $2 billion in consumer relief and pay up to $127.3 million to settle a Consumer Financial Protection Bureau investigation into its servicing practices. But it looks like Ocwen may not be done with the CFPB yet, as the company revealed Thursday that the bureau is currently investigating the company’s mortgage servicing practices, which could lead to a fine and/or other disciplinary action. Click the headline to read more.

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Reality TV series star facing mortgage fraud charge


It doesn’t get any more real than this: a “Real Housewives of New Jersey” reality-TV series star is reportedly facing charges of mortgage fraud and tax evasion, New York Daily News reports

It may seem like a reality TV series ploy, but mortgage fraud is common and often easy for lenders and servicers to spot since culprits use some of the same strategies.

New reports allege that Housewives star Teresa Giudice obtained a mortgage by ‘falsely stating’ that she had a job with a certain income to qualify for a higher mortgage.


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