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Ocwen Financial Corporation, Ocwen Mortgage Servicing, Inc., and Ocwen Loan Servicing, LLC The Consumer Financial Protection Bureau (CFPB) today sued one of the country’s largest nonbank mortgage loan servicers, Ocwen Financial Corporation, and its subsidiaries for failing borrowers at every stage of the mortgage servicing process.
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The Division of Banks ("Division") has determined that Ocwen Loan Servicing, LLC ("Ocwen" or "Company"), with its headquarter office located at 1661 Worthington Rd., Suite 100, West Palm Beach, Florida 33409, has engaged in, or is engaging in, residential mortgage loan servicing practices which violate State and Federal laws and.