Ocwen sued by investors for mortgage payment negligence

Posted on by Greg

Preparing to sue embattled nonbank Ben Lane HousingWire Article January 23, 2015 6:29PM Ocwen Financial (OCN) is about to have another massive battle to fight in what’s becoming an all-out assault on the beleaguered nonbank. A press release, which does not name investors is available on the website of law firm Gibbs & Bruns. According to a…

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CFPB goes after Wells Fargo, JPMorgan for mortgage kickback scheme

Posted on by Greg

Mega banks will pay $35.7 million total Brena Swanson Housing Wire Article January 22, 2015 2:16PM The Consumer Financial Protection Bureau and the Maryland Attorney General took action against two of the top mega banks, Wells Fargo (WFC) and JPMorgan Chase (JPM), for an illegal marketing services kickback scheme they participated in with Genuine Title, a…

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