|Day's Range||2.22 - 2.36|
|52 Week Range||1.29 - 6.15|
|PE Ratio (TTM)||-1.42|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
The Massachusetts attorney general sued a unit of Ocwen Financial Corp on Friday, accusing the mortgage servicing company of engaging in abusive practices that harmed thousands of homeowners in the state. The lawsuit, filed in Suffolk County Superior Court, came a week after the U.S. Consumer Financial Protection Bureau, the Florida attorney general and more than 20 state banking regulators took action against Ocwen. Massachusetts Attorney General Maura Healey said Ocwen Loan Servicing LLC charged homeowners for unnecessary forced-place insurance policies, hit delinquent borrowers with excessive fees and failed to process escrow and insurance payments.
It has a granite fountain and a bosque of shade trees. And to some rightwing Americans, the new headquarters of the Consumer Financial Protection Bureau is a monument to all that went wrong under eight ...
Ocwen Financial Corp is digging in for a legal battle with the U.S. consumer financial watchdog over allegations its mortgage servicing harmed thousands of borrowers, and has asked the Justice Department to join its fight. Ocwen, one of the United States' largest nonbank mortgage servicers, filed a challenge to the Consumer Financial Protection Bureau in the U.S. District Court in West Palm Beach on Tuesday saying the agency was not legal under the U.S. constitution. The move came after the CFPB brought a lawsuit against Ocwen last week, accusing the company of widespread misconduct in how it serviced borrowers' loans, from foreclosure abuses to a basic failure to send accurate monthly statements.