Real Estate/Development
Feb. 22, 2017
California wins $220M settlement against loan financer
Ocwen Loan Financing LLC agreed to pay $20 million in cash and $200 million in debt forgiveness and other fees to settle claims stemming from sloppy record keeping that officials say led to customers being unable to modify loans and thus suffer foreclosure, the California Department of Business Oversight announced.
Daily Journal Staff Writer
Ocwen Loan Financing LLC agreed to pay $20 million in cash and $200 million in debt forgiveness and other fees to settle claims stemming from sloppy record keeping that officials say led to customers being unable to modify loans and thus suffer foreclosure, the California Department of Business Oversight announced.
Under the deal announced late Friday, California will restore the West Palm Beac...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In