Wednesday, May 25, 2016

Ocwen cleared of wrongdoing in multi-billion dollar #mortgage bond fight

Early in 2015, a group of #mortgage bond investors that reportedly included BlackRock, MetLife, and Pimco accused Ocwen Financial of violating its duties as a #mortgage servicer by failing to properly collect payments on $82 billion of home loans thereby costing the investors $26 billion. Now, after a yearlong independent investigation found no evidence of the litany of allegations made by the investors, Ocwen is off the hook. Click the headline for the whole story. http://www.housingwire.com/articles/37113-ocwen-cleared-of-wrongdoing-in-multi-billion-dollar-mortgage-bond-fight ❤️ #share #mortgage



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