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Prevent Financial Abuse
Life often presents us
with unplanned disruptions.
A women’s depository for vendors & clients to grow their diverse spend & increase women’s employment at all levels within the housing ecosystem.
Riddled with countless financial setbacks, Ocwen was dealt another heavy blow with a $140 million class action settlement that must be paid by both Ocwen and Assurant Inc. to homeowners who were given inflated premiums for force-placed insurance.
Ocwen Financial Corp. released a statement today that it will be selling $25 billion in residential mortgage servicing rights. These loans are held by Fannie Mae and Freddie Mac and are being sold to Nationstar Mortgage Holdings—a mortgage servicer located in Dallas, Texas.
OCWEN has been in the spotlight heavily this week with major announcements regarding the selling of its portfolios. Most recently, the mortgage loan servicing giant announced this morning that Walter Investment Management will purchase a $9.6 billion mortgage servicing rights portfolio.
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