Ocwen Financial Corp. announced that it has taken another step to reach resolutions to regulatory actions taken to the company by mortgage and banking regulatory agencies from 30 states and the District of Columbia.
The latest involves a settlement with a large southwestern state. In addition to the terms reached previously with states, Ocwen said it has agreed with the regulatory agency on certain additional communications with and for state borrowers, as well as certain review and reporting obligations.
Read on for more details of the latest agreement.
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