Search results
Results from the WOW.Com Content Network
The Consumer Financial Protection Bureau (CFPB), together with attorneys general and state banking regulators in 49 states, and the District of Columbia obtained a Consent Judgment requiring Ocwen Financial Corporation—who at the time, was the largest nonbank mortgage loan servicer in the country—and its subsidiary, Ocwen Loan Servicing, to ...
Andy Dean Photography/Alamy By Michelle Conlin Joseph and Neidin Henard thought they had finally fixed the mortgage that was crushing them. In January, the couple reached a settlement with every ...
The 123-page lawsuit in Hanson v. Ocwen Federal Bank outlined a six-year running battle over late charges and fees. [26] He was joined in the suit by 57 individuals who claimed to have been injured by Ocwen. The lawsuit sought $1.5 billion in punitive and exemplary damages but was settled out of court for an undisclosed sum.
William Erbey is an American businessman and the founder of Ocwen Financial Corporation. [2] [3] Erbey made billions during the subprime mortgage crisis by positioning Ocwen to take advantage of larger banks leaving the market; however, he later lost much of his wealth amid allegations of frequent legal violations and conflicts of interest by the company.
The Consumer Financial Protection Bureau is taking aim at mortgage closing costs in its latest probe against junk fees. ... The CFPB says Ocwen Loan Servicing charged fees ranging from $7.50 to ...
Pontiac-based United Wholesale Mortgage, now the nation's top mortgage lender, this week found itself in the crosshairs of a new activist hedge fund — on a mission to tank the company's stock ...
Lawsuit Subject of lawsuit Court of decision Year of decision Alperin v. Vatican Bank: conversion, unjust enrichment, restitution, the right to an accounting, human rights violations and violations of international law: U.S. Court of Appeals for the Ninth Circuit: In re American Realty Capital Properties, Inc. Litigation
In Q1 2023, the reported loss per loan was $1,972, and those originated in Q4 2022 reported a loss of $2,812 per loan, according to the Mortgage Bankers Association. In Q2 2023, the net loss was ...