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Ocwen rejects allegations of poor mortgage servicing practices

Ocwen Financial Corp rejected allegations of poor mortgage servicing practices and said on Monday that it had sent a letter to trustees of 119 mortgage pools, arguing that it should not be removed as a servicer. Investors including BlackRock Inc and Metlife Inc sent a notice to Ocwen and the trustees in January, alleging improper loan modification practices, wrongfully recouped advances, and a …

Ocwen says should not be removed as servicer on mortgage pools -WSJ

Ocwen Financial Corp has rebutted allegations that the company was responsible for poor mortgage-servicing practices and argued it should not be removed as a servicer on mortgage pools, the Wall Street Journal reported. The company, which had earlier said the allegations made by a group of large mortgage investors were false, has sent a letter to the trustees who will now decide whether to …