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Subprime mortgage giant Ocwen rocked by US suit claiming it hurt consumers

Its shares lose more than half their value after authorities allege widespread failures at firm
Saturday, April 22, 2017 - 05:50


OCWEN Financial Corp, one of the largest processors of consumer mortgage payments in the United States, was rocked on Thursday by fresh allegations it mishandled accounts and in some cases illegally foreclosed on homeowners.

The company's shares lost more than half their

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