Ocwen reaches $223 million settlement with California over servicing violations

Ocwen Financial announced late Friday that it reached a $223 million settlement with the California Department of Business Oversight, ridding itself of the restrictions that hampered its #mortgage business in California for more than two years. The settlement includes a cash payment of $25 million. Ocwen is also required to provide an additional $198 million in debt forgiveness. Click the headline to read more. http://www.housingwire.com/articles/39261-ocwen-reaches-223-million-settlement-with-california-over-servicing-violations ❤️ #share #mortgage