Mortgage servicing settlement

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Ocwen reaches settlement with Massachusetts mortgage regulator, but state lawsuit remains

Mar 23, 2018By

Ocwen Financial’s troubles with state regulators are nearly over, for now, at least. The nonbank disclosed Fridaythat it reached a settlement with the Massachusetts Office of Consumer Affairs & Business Regulation’s Division of Banks, which took regulatory action against the company last year along with more than 30 other states over alleged escrow and other mortgage servicing issues.

3d rendering of a row of luxury townhouses along a street

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