Ocwen to pay $2 billion in principal reductions to underwater borrowers

By Inman News Feed
Add Comment Add Comment | Comments: 0 | Posted Dec. 19, 2013

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Federal and state authorities have ordered Ocwen Financial Corp. to provide $2 billion in principal reductions to underwater borrowers and to refund $125 million to nearly 185,000 foreclosed borrowers to settle allegations that the mortgage servicer violated consumer protection laws ...

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