Ocwen SEC filing reveals details of CFPB #mortgage servicing investigation

During Ocwen’s investor call, CEO Ron Faris was asked about the company’s disclosure in its fourth-quarter earnings that it set aside $12.5 million for “potential” regulatory settlements. Faris responded by directing observers to the disclosures in the company’s upcoming 10-K filing with the SEC. Well, Ocwen filed its 10-K on Thursday, and as it turns out, that $12.5 million is for a potential settlement with the CFPB. http://www.housingwire.com/articles/39313-ocwen-sec-filing-reveals-details-of-cfpb-mortgage-servicing-investigation ❤️ #share #mortgage