New York deepens investigation into West Palm Beach-based Ocwen
By Kimberly Miller, The Palm Beach Post, Fla. | |
McClatchy-Tribune Information Services |
In the Monday letter to Ocwen General Counsel
Forced-placed insurance, which can cost five to 10 times more than what a homeowner can get independently, has been charged to borrowers whose policies lapse as they fall behind on mortgage payments.
Banks, including
In a statement, Ocwen said it will "continue to cooperate with the
Lawsky said in his letter that
According to Lawsky, Ocwen and
Lawsky's letter also calls out Ocwen's Executive Chairman
Erbey is Ocwen's largest shareholder, and is also the chairman of and largest shareholder in
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