May 2017

CFPB Director on the Ocwen Enforcement Action

May 12, 2017 Mark Cullen

From CFPB Director Richard Cordray

Today the Consumer Financial Protection Bureau is filing a lawsuit against Ocwen, one of the nation’s largest nonbank mortgage servicers. We are seeking relief to compensate consumers for years of systemic and significant errors throughout the mortgage servicing process, which cost some of them their homes.

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“The CFPB Just Sued [Ocwen], But Indicted Itself”

May 12, 2017 Mark Cullen

From David Dayen at The Nation:

In December 2013, the Consumer Financial Protection Bureau and 49 states issued a $2.1 billion consent order against Ocwen, one of America’s largest mortgage companies, for “violating consumer financial laws at every stage of the mortgage servicing process.” Three and a half years later, the CFPB sued Ocwen in federal court for, well, violating consumer financial laws at every stage of the mortgage servicing process.

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Gillis v. Deutsche Bank

May 12, 2017 The Housing Justice Foundation

The Most Outrageous Trial Court Abuses, The Most Determined Homeowner, The Best Damn Appellate Brief.

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