“CFPB appeals Ocwen’s victory in servicing suit”

By Kate Berry | April 22, 2021 | National Mortgage News

The Consumer Financial Protection Bureau has filed an appeal in its lawsuit against Ocwen Financial after a federal judge dismissed servicing misconduct claims dating to the 2008 financial crisis.

The CFPB filed the appeal late Wednesday after all claims against Ocwen were dropped in a case in the U.S. District Court for the Southern District of Florida. Judge Kenneth Marra had ruled that nine of the 10 claims filed by the CFPB in a 2017 lawsuit were barred by the 2014 national mortgage settlement and the tenth claim was dismissed by the court.

Ocwen had alleged that the CFPB was bound by the terms of the settlement, and the court agreed.

Read the full article: National Mortgage News