NY Banking Dept Reaches Servicing/Foreclosure Practices Agreement with Goldman, Litton, Ocwen

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The agreement is modeled on an earlier one entered into with goldman sachs bank, Ocwen Financial and Litton Loan Servicing, according to a press release issued by New York’s Department of Financial Services (DFS). "Today’s agreements are an important step forward in cleaning up some of the mortgage industry’s most troubling practices.

Goldman Sachs has agreed to sell its litton loan servicing unit to the Ocwen Financial Corporation for about $263.7 million, ending its ties to an industry steeped in controversy.. Under the terms of the deal, Ocwen will pay about $337.4 million to retire debt that Litton owes to a Goldman unit.Ocwen will also provide $2.47 billion to finance advances for Litton.

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The role of the Loan Servicer in distressed real estate Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes o No x Indicate by check mark if the registrant is not required to file.

New York State Superintendent of Financial Services Benjamin M. Lawsky has announced that New York’s Department of Financial Services and the New York State Banking Department have entered into an agreement with Goldman Sachs Bank, Ocwen Financial Corporation and Litton Loan Servicing LP to adhere to landmark new Mortgage Servicing Practices.

Superintendent of Financial Services Benjamin Lawsky announced that New York’s Department of Financial Services and Banking Department have entered into an agreement with Goldman Sachs (GS.

2013 : $4,655,665,365 Ocwen Financial Corporation (the “Company”, “Ocwen”, “we”, “us”, “our”) is filing this Amendment No. 1 (Amendment) to its Annual Report on Form 10-K for the year ended December.

Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this registration statement. If any of the securities being registered on this Form.

After Reuters’ story was published on Wednesday, New York’s Superintendent of Financial Services. has had a monitor at Ocwen since 2011, as a condition of his approving the company’s purchase of.

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