SEC filing details Ocwen’s efforts to rid itself of California mortgage servicing restrictions

Ocwen

SEC filing details Ocwen’s efforts to rid itself of California mortgage servicing restrictions

Ocwen Financial revealed Wednesday that it is attempting to rid itself of the business restrictions placed upon it by the California Department of Business Oversight, but a Thursday filing with the Securities and Exchange Commission details just how those negotiations are going and why Ocwen is trying to buy its way out of the settlement.

Ocwen reached a settlement agreement with the CDBO in early 2015, ending what the nonbank called a “frustrating skirmish” over the CDBO threatening to suspend Ocwen’s mortgage license because the company failed to turn over documentation showing that it complies with the state’s laws.

Under the terms of that settlement agreement, Ocwen was required to pay a fine of $2.5 million to the state of California. But more importantly for the company, which is built on mortgage servicing, the California settlement prohibited Ocwen from acquiring new mortgage servicing rights in the state of California without approval from the CDBO.

And perhaps most important of all, the CDBO settlement placed a monitor inside of Ocwen’s operations to ensure the company’s compliance with the settlement’s terms, at Ocwen’s expense.

More here…

Copy of Ocwen’s SEC 10-Q below…
(See Note 17 – Regulatory Requirements)

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4closureFraud.org

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Ocwen 10-Q

Comments
14 Responses to “SEC filing details Ocwen’s efforts to rid itself of California mortgage servicing restrictions”
  1. lvent says:

    Though U.S. CITIZENS born in the U.S. know we’re not immigrants the identity thieves think so.

    See if some of these frauds have been unlawfully waged upon your LEGAL RIGHTS:

    D7 PROSECUTIONS

    http://onlineservices.immigration.gov.nz/opsmanual/35337.htm

  2. lvent says:

    There’s numerous CONSTITUTIONAL LEGAL VIOLATIONS because SUBJORNING PERJURY violates the TENTH AMENDMENT when the LEGAL SYSTEM becomes dictorial by dictating on its own behalf.

    The link I posted previously speaks to that because they were gambling on the deaths of others so why would the judges be upholding FC’s derived from that unless they’re in disgrace by unlawfully dictating fraud?

  3. lvent says:

    http://m youtube.com/#/watch?v=e_M4Gj-98kg

  4. lvent says:

    The link is blocked but you can google search BROWN BROTHERS 1999 RECORDS & look for the SEC link to the EDGAR DATABASE.

    They privatized their market shares in 1999 which is quite interesting being that was the year GLASS STEAGALL was repealed which would have enhanced their stock portfolios proportionately if they were to buy back those interests if some catastrophe happened before that.

  5. lvent says:

    GUIDE TO THE RECORDS OF BROWN BROTHERS HARRIMAN:

    http://dlib.nyu.edu/findingaids/html/nyhs/bbh/dscref613.html

  6. lvent says:

    Who belongs to the FREEMASONS & it’s cooberation with other groups makes them likely suspects in many crimes that include HUMAN TRAFFICKING.

    How many WALL STREET EXECS, POLITICIANS, LAWYERS, JUDGES, COPS, & other spies belong to the FREEMASONS?

    What’s their link to the CHURCH OF SATAN because they’re obviously into the OCCULT the way they’re conducting themselves.

    Moreover, they’re not doing their jobs so they’re obviously doing someone else’s.

  7. lvent says:

    Maybe the BANKING REGULATORS should investigate what the FREEMASON LODGES hide by MONEY LAUNDERING FRAUDULENT SALES.

    There’s one FREEMASON LODGE in the town I’m living in where there’s lots of suspicious stuff going on because this town is obviously being bought & sold by them & I want to know how.

    I’m sure they’re invested in MORTGAGE FRAUD but there’s much more than that going on for sure because they’re relentless spies.

    .

  8. lvent says:

    When there’s FRAUD IN THE FACTUM there’s FRAUD IN THE ESSENCE & that’s what’s unlawfully being covered up by the investment brokers who won’t say that’s CRIMINAL ENTRAPMENT.

    They can’t be the ARTICLE 3 NOTE because that’s SECURITIES FRAUD by non disclosure so they ignore that fact by reconstituting fraud.

    I found this link interesting:

    THE POPES BANKS IN AMERICA, THE GIANNI FAMILY, & THE AMERICAN CIA – PART 1:

    http://www.activistpost.com/2011/10/popes-banks-in-america-gianni-family.html

  9. lvent says:

    If one of their frauds were to get criminally prosecuted it should be DODD-FRANK because they’re EX POST FACTO & therefore evidence of their criminal cover up.

    They rob us & then benefit from it exponentially by CHRIS DODD & BARNEY FRANK writing their own protection racket called DODD-FRANK probably to hide their INVESTMENT PORTFOLIOS were fraudulently converted to BROTHEL INVESTING by doing so.

  10. lvent says:

    What more can they do for themselves?

    They had BLYTHE MASTERS of CHASE BANK & her derivatives fraud tank the U.S. economic structure by selling investments in nothing

  11. Hammertime says:

    Question is why are Chase and all the other fraudulent, criminal “lenders” and non banks given a pass? This agency ignores every violation by servicers and brokers and violations of homeowner’s rights. Every agency in CA talks a good game but is captured just like CA #CongresswomanWatters is saying about #Fed agencies

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