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Ocwen Financial Corporation

A collection of news and information related to Ocwen Financial Corporation published by this site and its partners.

Top Ocwen Financial Corporation Articles

Displaying items 1-9
  • SunTrust settlement to bring $33 million to Maryland

    SunTrust settlement to bring $33 million to Maryland
    Maryland will receive $33 million from a nearly $1 billion joint state-federal settlement reached with SunTrust Mortgage Inc. over past problems with its mortgage servicing and foreclosure procedures, the Maryland Attorney General's office announced...
  • Maryland to receive $88 million of $2.1 billion national settlement

    Maryland to receive $88 million of $2.1 billion national settlement
    Maryland expects to receive about $88 million of a $2.1 billion national settlement reached with Ocwen Financial Corp. over "systematic misconduct" in the mortgage servicer's handling of loans. Announced Thursday, the deal settles a federal complaint...
  • $20K donation from pet lover not enough to save home

    $20K donation from pet lover not enough to save home
    A $20,000 donation in honor of a deceased beagle named Sophie was supposed to save longtime pet-sitters Scottie and Kathleen Prince from foreclosure. Lenders were planning to sell the Longwood couple's home in February when the Princes embarked on a...
  • Orlando's median home price climbs to $165K

    Orlando's median home price climbs to $165K
    The median home price in the core Orlando market increased during May for the fourth consecutive month to reach $165,000 — the highest since 2008, according to a report released Monday. Prices edged up 1.5 percent from April and 13.7 percent from...
  • Mortgage servicer to pay $268 million to Californians

    Mortgage servicer to pay $268 million to Californians
    California victims of alleged foreclosure abuses will get $268 million in relief from a $2.1-billion national settlement with Ocwen Financial Corp., the nation's largest non-bank provider of mortgage customer service. Ocwen broke state law by improperly...
  • Ocwen settlement to benefit 25,000 current, former Illinois homeowners

    Ocwen settlement to benefit 25,000 current, former Illinois homeowners
    Ocwen Financial Corp. will provide $2 billion in principal reductions to underwater borrowers, as well as refund $125 million to almost 185,000 borrowers who lost their homes to foreclosure, under a settlement announced Thursday that resolves...
  • Mortgage bankers hog the 2014 Piggy Awards

    The end of the year is a time to review the year that just was. If, like me, you write about the financial services industry, this means you tend to find yourself drinking heavily and/or upping your blood-pressure medication as you total the year's supply...
  • Bad-neighbor banks neglect thousands of South Florida homes, Sun Sentinel finds

    Thousands of vacant homes across South Florida have deteriorated into eyesores that violate local health and safety laws, depress property values and spread blight. The owners of these homes: some of the world's biggest banks. In an extensive...
  • Mortgage crisis: Principal reductions might help

    Mortgage crisis: Principal reductions might help
    One week ago, if you owed more than your house was worth, you couldn't refinance your mortgage (unless you had a bucket of cash to bring to the table). You also would have to be very lucky to convince your lender to reduce your debt, if you needed a...