New York State Regulator Investigating Ocwen As Stock DropsMark Melin
Ocwen Financial Corp (NYSE:OCN), the fourth largest servicer of mortgage loans in the US, is under investigation by Benjamin Lawsky, New York State’s superintendent of financial services for its relationships with related businesses. The concern is borrowers may be harmed due to the close financial ties among related companies, as well as questions being raised regarding the firm's capacity for growth.
The investigation comes on the heels . . .
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