Wednesday, January 20, 2016

SEC fines Ocwen $2 million for misstating financials; Altisource, HLSS relationships

Ocwen Financial will pay a $2 million fine after a Securities and Exchange Commission investigation found that the nonbank misstated it financials on several occasions by using a “flawed, undisclosed methodology” to value mortgage servicing rights that were sold to an Ocwen-associated company, Home Loan Servicing Solutions.

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