CFPB OCWEN CONSENT ORDER: Violated, among other laws, the Unfair and Deceptive Acts and Practices laws and the Consumer Financial Protection Act of 2010

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CFPB OCWEN CONSENT ORDER: Violated, among other laws, the Unfair and Deceptive Acts and Practices laws and the Consumer Financial Protection Act of 2010

CFPB OCWEN CONSENT ORDER: Violated, among other laws, the Unfair and Deceptive Acts and Practices laws and the Consumer Financial Protection Act of 2010

CONSENT JUDGMENT

WHEREAS, Plaintiffs, the Consumer Financial Protection Bureau (the “CFPB” or
“Bureau”), and the States of Alabama, Alaska, Arizona, Arkansas, California, Colorado,
Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas,
Louisiana, Maine, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska,
Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota,
Ohio, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont,
Washington, West Virginia, Wisconsin, Wyoming, the Commonwealths of Kentucky,
Massachusetts, Pennsylvania and Virginia, and the District of Columbia (collectively, “Plaintiff
States”) filed their complaint on December 19, 2013, alleging that Ocwen Financial Corporation
and Ocwen Loan Servicing, LLC (collectively, “Defendant” or “Ocwen”) violated, among other
laws, the Unfair and Deceptive Acts and Practices laws of the Plaintiff States and the Consumer
Financial Protection Act of 2010.

WHEREAS, the parties have agreed to resolve their claims without the need for
litigation;

WHEREAS, Defendant has consented to entry of this Consent Judgment without trial or
adjudication of any issue of fact or law and to waive any appeal if the Consent Judgment is
entered as submitted by the parties;

WHEREAS, Defendant, by entering into this Consent Judgment, does not admit the
allegations of the Complaint other than those facts deemed necessary to the jurisdiction of this
Court;

WHEREAS, the intention of the Consumer Financial Protection Bureau and the States in
effecting this settlement is to remediate harms allegedly resulting from the alleged unlawful
conduct of the Defendant;

WHEREAS, the State Mortgage Regulators are entering into a Settlement Agreement and
Consent Order with Ocwen to resolve the findings identified in the course of multi-state and
concurrent independent examinations of Ocwen, as well as examinations of Litton Loan
Servicing, LP and Homeward Residential, Inc., which were subsequently acquired by Ocwen.

AND WHEREAS, Defendant has agreed to waive service of the complaint and summons
and hereby acknowledges the same;

NOW THEREFORE, without trial or adjudication of issue of fact or law, without this
Consent Judgment constituting evidence against Defendant, and upon consent of Defendant, the
Court finds that there is good and sufficient cause to enter this Consent Judgment, and that it is
therefore ORDERED, ADJUDGED, AND DECREED:

[…]

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5 Responses to “CFPB OCWEN CONSENT ORDER: Violated, among other laws, the Unfair and Deceptive Acts and Practices laws and the Consumer Financial Protection Act of 2010”

  1. DolleyMadison says:

    OMG – Praise God. Though I am doubtful it will slow them down one bit. Thank you for posting!

  2. The investors must realize the servicers never posted the loans into the trust, and by Securitie Exchange Act are therefore Void. Not voidable according to the Securities Exchange Act. Which includes all assignements put into MERS hands. This is my unprofessional opinion after reading the Securities Exchange Act that was sent to me. The investors need to begin sueing the servicers and trustees of the trust, for securities fraud along with the Securities Exchange Commission. All loans that were supposedly sold and filed into the securities pools did not happen. This is a con job of the biggest kind, upon the investor, the borrower and the Securiites Exchange Commission. Email me and I will send you a copy of the documents and proof appearing BOA owns MERSCORP.

  3. Mildred says:

    Ocwen is foreclosing on me in Feb!! They have never supplied me with my mortgage documents per QWR request! They said yes, I would get modified, then no, I received a foreclosure notice on the same date! There is massive fraud in my mortgage, identity theft, stolen equity, does this mean this lawsuit applies to me? Can they still foreclose on me? Do I need an attorney? I’m not a lawyer in normal language what does this mean???

  4. Joyce says:

    GET A LAWYER NOW! FIGHT OCWEN. DO A SEARCH THERE ARE A MULTITUDE OF LAWSUITS AGAINST THIS FRAUDULENT DEBT COLLECTOR. IF YOU LIVE IN FLORIDA CALL ATTORNEYS THAT WILL FIGHT OCWEN IN COURT FOR YOU FREE OF CHARGE. CALL THEM AT 888-901-4087. ATTORNEYS DISPARTI,FOWKES AND HASANBASIC PA IN TAMPA, FL. GO TO THEIR WEBSITE AND YOU CAN FIND A LINK TO FIND ANOTHER ATTORNEY IN DIFFERENT STATE. THESE PEOPLE AT OCWEN ACQUIRE THESE BUNDLES OF LOANS THAT ARE DEEMED UNCOLLECTABLE. THEY DON’T HAVE ANY INFORMATION ON THE LOANS, YOU CAN’T SPEAK TO A REAL PERSON, YOU GET SOME PERSON IN INDIA THAT WILL TELL YOU ANYTHING YOU WANT TO HEAR. THEY ARE ATTEMPTING TO COLLECT A DEBT ON US FOR AN EXPIRED DEBT THAT WAS DISCHARGED BY BANKRUPTCY IN 2002. IT IS NOW 2014 AND THEY ARE REPORTING ON OUR CREDIT REPORT THAT WE OWE THEM THE DEBT AND ARE BEHIND ON THE PAYMENTS IMPACTING OUR CREDIT REPORT. WE FILED OUR REPORT WITH THE CREDIT REPORTING AGENCY, THEY CONTACTED OCWEN. OCWEN TOD THEM IT WAS OUR DEBT SO THEY WONT’ TAKE IT OFF OUR CREDIT REPORTS. CREDIT REPORTING AGENCIES ARE JUST A CROOKED AS OCWEN EVEN WHEN WE PROVIDED THEM WITH PROOF THAT THE DEBT WAS NOT OURS.

    FIGHT THEM IN COURT. MAYBE THE JUDGES WILL FINALLY SEE WHAT A CROOKED COMPANY THEY ARE AND PUT THEM OUT OF BUSINESS. FILE A COMPLAINT WITH THE CONSUMER FINANCIAL PROTECTION AGENCY ONLINE. GO TO http://WWW.CONSUMERFINANCE.GOV AND FILL OUT A COMPLAINT FORM. IT’S AT LEAST A START.

  5. CCS says:

    They are ruining our lives. I have done everything we could do.

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