Ocwen answers state regulators’ charges of widespread servicing errors

On Thursday, a group of state regulators, led by North Carolina, accused Ocwen Financial of having widespread errors on consumers’ escrow accounts and said that the company’s financial situation is tenuous, at best. Early Friday morning, Ocwen released a lengthy statement in response the state banking regulators allegations, and as one might expect, Ocwen said that it disagrees with the state regulators’ charges and plans to fight back.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s