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Updated, 8:forty p.meters. | The borrowed funds community had high dreams of Ocwen Monetary. Their chairman, William C. Erbey, had years of experience maintenance subprime financing and enabling financially troubled individuals.
However, The brand new York’s most useful monetary regulator asserted that as the business increased, Ocwen exposed borrowers with the exact same difficulties because the larger financial institutions: forgotten files, improper foreclosures and robo-signings. Read More
