Ocwen Financial Corp. Thursday was hit with multiple government lawsuits and regulatory orders issued by more than 20 states over its servicing practices and handling of escrow accounts.
The Consumer Financial Protection Bureau today filed a complaint in U.S. District Court for the Southern District of Florida against the West Palm Beach, Florida-based firm.
Also named as defendants in the federal lawsuit are subsidiaries Ocwen Mortgage Servicing Inc. and Ocwen Loan Servicing LLC.
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From:: Financing