Early Thursday morning, Joseph Smith, the monitor of the National #mortgage Settlement, announced that Ocwen Financial was not in compliance with one of the performance metrics of the National #mortgage Settlement and prohibiting the nonbank from taking foreclosure actions on more than 17,000 loans. In a lengthy response published Thursday afternoon, Ocwen responded to Smith’s office and the nature of the sanctions that Smith’s office placed on it. http://www.housingwire.com/articles/36914-ocwen-responds-to-national-mortgage-settlement-foreclosure-holds ❤️ #share #mortgage
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