Ocwen Financial (OCN) Ratings, Outlook Affirmed by Fitch
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Ocwen Financial (OCN), Subsidiaries Reach Agreement in Principle to Settle Fisher Cases
June 23, 2016 6:39 AM EDTOcwen Financial (NYSE: OCN)
Item 8.01 Other Events.
Ocwen Financial Corporation and two of its subsidiaries (collectively, Ocwen) have reached an agreement in principle to settle the following previously disclosed litigation matters: U.S. Ex rel. Fisher v. Homeward Residential, Inc., et al and U.S. Ex rel. Fisher v. Ocwen Loan Servicing, LLC, et al (the Fisher Cases).
On June 22, 2016, the parties advised the Court of the settlement in principle. The Court has therefore adjourned the trials, pending approval of the final settlement.
As previously disclosed, the... More
