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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.

Servicing The Ticker

Free foreclosure review period almost up in Florida

Florida residents who believe they suffered from shoddy foreclosure practices have through Monday to apply for a free case review that could net them up to $125,000 if wrongdoing is found, reports Kimberly Miller with the Palm Beach Post.

The program, which is overseen by the federal Office of the Comptroller of the Currency, began in November 2011 with an estimated 4 million eligibility letters mailed nationwide, Miller added.


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