LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm, announces that it is investigating claims against Ocwen Financial Corporation (“Ocwen” or the “Company”) (NYSE: OCN) concerning possible violations of federal securities laws.
To get more information about this investigation, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or by email at firstname.lastname@example.org.
The investigation concerns whether Ocwen and certain of its officers and/or directors violated federal securities laws. On April 20, 2017, the Consumer Financial Protection Bureau announced that it was suing Ocwen for generating errors in borrowers’ accounts, failing to credit payments, illegally foreclosing on homeowners, and charging borrowers for add-on products without their consent. In addition, several states issued cease-and-desist orders against Ocwen to address mishandling of consumer escrow accounts and a deficient financial condition, specifically prohibiting the Company from acquiring new mortgage servicing rights and originating mortgage loans.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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