Texas regulator orders mortgage service company to cease and desist

The second-largest residential mortgage servicer in the United States that isn’t a bank is facing increased scrutiny in Texas and nationwide after "years of widespread errors, shortcuts and runarounds" that have significantly hurt borrowers, regulators allege.
The Texas Department of Banking and 24 other states on Monday joined a lawsuit against Ocwen Loan Servicing LLC, a subsidiary of Ocwen Financial Corp. based in West Palm Beach, Florida. As part of the suit, Texas ordered Ocwen "to immediately…

#URLinkedUp Austin Business News – Local Austin News | Austin Business Journal http://www.bizjournals.com/austin/news/2017/05/08/texas-regulator-orders-ocwen-loan-servicing-cease.html?ana=RSS%26s=article_search

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