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US, Md., other states block Ocwen from acquiring new mortgages

U.S. and state officials, including in Maryland, sued Ocwen Financial Corp., a processor of consumer mortgage payments, for allegedly making widespread errors and illegally foreclosing. North Carolina’s bank regulator said fixing some of the company’s problems could put it out of business. The U.S. Consumer Financial Protection Bureau said Ocwen botched basic functions like sending accurate ...

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