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Up-to-date, 8:40 p.meters. | The mortgage world got higher hopes for Ocwen Monetary. The company’s president, William C. Erbey, had years of sense servicing subprime finance and helping economically troubled borrowers.
However, The new York’s most readily useful monetary regulator asserted that as the providers became, Ocwen exposed individuals for the same difficulties because the huge banking companies: shed papers, inappropriate foreclosures and you can robo-signings.
Into the Friday, Mr. Erbey accessible to step-down given that president of Ocwen, among the many nation’s prominent financial servicers, as an element of money which have Benjamin Yards. (بیشتر…)