Ocwen finally out of National Mortgage Settlement crosshairs?

Ocwen Financial (OCN) is almost out of the clear with theNational Mortgage Settlement after more than a year of scrutiny due to problems with the servicer’s Internal Review Group (IRG).

“After a review of the issues I found with Ocwen’s IRG’s integrity and subsequent review of its work to address these problems, I have reported to the Court that I now have a measure of assurance that the issues with Ocwen’s IRG’s independence, competency and capacity have been sufficiently addressed,” said Joseph Smith, Jr., Monitor of the National Mortgage Settlement.

Read on.

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