Relevant:
- Ocwen Financial's Shares Tumble on California Concerns
- Ocwen set to become nation's largest subprime servicer
- Goldman Sachs Said to Be Poised to Sell Litton Mortgage Business to Ocwen
- Ocwen Financial Puts Lipstick On A Pig And Calls It PHH Mortgage
- Ocwen Financial Corp. reaches $2.1-billion mortgage-servicing settlement
2015-01-26 — mfi-miami.com
On Friday, California's Department of Business Oversight said Friday that it will drop its effort to suspend Ocwen Loan Servicing's mortgage license in California because Ocwen Financial has agreed to pay $2.5 million for failing to prove its compliance with state mortgage lending laws. Ocwen had failed for more than a year to provide its California regulator with requested information.
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