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Category: Client Alerts

Ocwen Fined $1 Million for Force-Placed Insurance Penalty _Draft

Mon 20 Nov, 2017  /  by McIntyre & Lemon  /   Client Alerts

Ocwen Financial Corp. has agreed to a $1 million penalty for failing to meet the terms of the National Mortgage Settlement by not properly refunding force-placed insurance premiums to certain borrowers during the first quarter of 2017. Ocwen’s fine is related to the termination of force-placed insurance that was required […]