We are working with and fully cooperating with DFS and the Monitor to address their concerns."Shortly after issuing that press release, the company printed a correction, acknowledging that the actual number of customers involved in New York is higher than 283, but that it "does not yet know how much such letters there were." The company is conducting its own internal investigation, and is "fully cooperating" with the Department of Financial Services.
Tuesday's action by the State of New York isn't Ocwen's first confrontation with regulators.
During 2013, the company had net income of 0.42 million on total revenues of .00 billion.
The company employs more than 10,000 people, most located in India, and its stock trades on the New York Stock Exchange.
Interop ITX and Information Week surveyed technology decision-makers to find out, read this report to discover what they had to say!In December of 2013 the company reached a .1 billion settlement with State of California over alleged mortgage servicing misconduct.The settlement covers borrowers in 49 states to cover loan modifications and principal reductions for borrowers who lost their homes between 20. Ocwen Financial to restate some results Ocwen Financial will restate its first-quarter and prior fiscal year results.(OCN)Ocwen has issued 5 estimates moving down in the past 30 days, with no upward revision.Defining KPIs can be a whole different ballpark when youre in public sector IT.But even if youre not, the takeaway from these stories can easily be applied to the private sector: Focus on the impact, the people -- the customers -- and success will follow.