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Ocwen to Pay $3.7 Million to Settle Massachusets Claims

Ocwen to Pay $3.7 Million to Settle Massachusets Claims

Ocwen Financial Corp. (OCN) agreed to pay $3.7 million to end a Massachusetts lawsuit claiming it didn’t give homeowners required notices and illegally foreclosed on properties, the state’s attorney general said.

Under the deal, homeowners will get $3 million of the settlement, with the balance going to the state, Attorney General Martha Coakley said in a statement today.

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