Associated Links

Current, 8:forty p.m. | The mortgage community got highest dreams of Ocwen Monetary. Their president, William C. Erbey, got years of sense repair subprime money and you can permitting financially troubled consumers.

However, Brand new York’s top financial regulator said that as the team increased, Ocwen exposed individuals to your exact same problems because the huge banking companies: forgotten documents, incorrect foreclosure and you can robo-signings.

On the Friday, Mr. Erbey provided to step-down because chairman regarding Ocwen, among nation’s largest mortgage servicers, as a part of money which have Benjamin Yards. Lawsky, This new York’s superintendent off economic properties.

The loans Delta brand new wide settlement capped an aggressive studies of the Mr. Lawsky’s workplace on Ocwen’s servicing methods and you may corporate governance. Continue reading Ocwen Chairman in order to Step down for the Payment With Nyc Regulator →