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Last Updated February 22, 2017 3:16 PM Central


Ocwen Executes Major Compliance Overhaul
The executive who oversees compliance at Ocwen Financial Corp. has had his work cut out for him since taking the job nearly two years ago. In an interview, he talked about overhauling compliance.

Ocwen Reaches $225 Million Settlement With CA
A $225 million settlement with the state of California resolves a consent order that was reached in early 2015 with an Ocwen Financial Corp. unit.

CFPB Wins Round in PHH Lawsuit
The Consumer Financial Protection Bureau has won a round in a contentious lawsuit that was previously filed by PHH Corp.

FHA Settlement for Firm, Senior Executives
Franklin First Financial LTD and top executives have settled allegations of concealing loan defaults on government-insured mortgages.

Bankruptcy Filings Slip But Up from Year Earlier

Fewer of the nation's consumers resorted to bankruptcy last month, though activity was heightened compared to the first month of 2016.

Another Illegal Fee Settlement at Prospect Mortgage
A little more than a year after Prospect Mortgage LLC settled allegations of illegal fees received by an appraisal affiliate, it has reached another illegal fee settlement.

Chase Mortgage Loan Originator Indicted
A former loan originator at JPMorgan Chase & Co.'s banking subsidiary has been federally indicted over allegations of mortgage fraud.

Robo Signing Debacle Costs ServiceLink $65 Million
Federal banking regulators have fined ServiceLink Holdings LLC $65 million over robo signing abuses that were committed several years ago.

Foreclosure Settlement for Citi Units
Citigroup Inc.'s home-lending and finance company servicing units have agreed to settle allegations of improperly handling distressed borrowers.

Mortgage Fraud Risk Grows, Could Rise More
Quarterly mortgage fraud risk increased and is expected to go higher. Communities in New York and Florida are at the most risk.


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