2013-12-19latimes.com

``Ocwen Financial Corp., the biggest non-bank in the mortgage-servicing industry, will provide $2.1 billion in relief for homeowners to settle regulators' claims over abuses in its handling of borrowers' loans. Under the agreement with the Consumer Financial Protection Bureau and 49 states, Ocwen will spend $2.1 billion on foreclosure compensation and "principal forgiveness modification programs" for people who are behind on payments or whose homes are worth less than they owe, the company said Thursday in a regulatory filing.''


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