Tag Archives: Owen Financial

After two states announced resolution agreements on Thursday, early Friday morning Ocwen Financial Corp announced it has entered into 10 additional mutually agreeable resolutions to resolve regulatory actions brought against it in April 2017.

For going on two months, Ocwen Financial Corporation, the country’s largest nonbank mortgage loan servicer, and the Consumer Financial Protection Bureau (CFPB) have been at odds. Beginning in late April, the CFPB sued Ocwen and its subsidiaries claiming that they have been “failing borrowers at every stage of the mortgage servicing process.” Now, a federal judge has delayed Ocwen’s bid to test the constitutionality of the CFPB.