CFPB vs. Ocwen Do you or someone you know actually has a mortgage serviced by Ocwen?
The new CFPB vs. Ocwen. To your User Monetary Defense Bureau (CFPB) submitted match up against Ocwen Monetary Corporation, Ocwen Home loan Maintenance, INC., and you can Ocwen Financing Upkeep, LLC. Within the its issue significantly less than Areas 1054 and you may 1055 of your User Economic Protection Operate away from 2010 (CFPA), a dozen U.S.C. 5564 and you will 5565, the latest CFPB stated that It (Ocwen) the amount of time multiple abuses from Government individual monetary laws and regulations having hurt individuals. Ocwen has compounded these disappointments by dishonestly foreclosing up on borrowers’ financing and promoting loan maintenance liberties to servicers instead completely disclosing or fixing mistakes for the borrowers’ financing data files.