Along with Illinois, Ocwen along with submitted an emergency motion to possess a great restraining purchase up against Massachusetts. The latest orders from the both of these says expected so much more immediate action, the business says.
Ocwen is at a tentative arrangement that have Massachusetts enabling brand new business so you can originate the financing on the condition for as long as it doesn’t services all of them.
The problematic development over the years has taken a toll into the Ocwen’s stock, that’s trading in the lower than $3 a share, down in the $fifty diversity it hit-in 2013.