Ocwen facing ‘legal actions’ after admitting internal problems

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Ocwen facing ‘legal actions’ after admitting internal problems

Ocwen facing ‘legal actions’ after admitting internal problems

NY POST-

Ocwen may be getting rid of Chairman Bill Erbey, but not its problems.

The embattled mortgage servicer could face an onslaught of “legal actions” from state and federal regulators this year after the company admitted to a slew of internal problems that led to the downfall of its founder and chairman, according to a research report.

The legal pressure could come from as many as 49 state regulators, the Consumer Finance Protection Bureau and the monitor of the National Mortgage Settlement, Deutsche Bank analyst Ying Shen wrote in a Wednesday report.

[NEW YORK POST]

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