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Violation Tracker Current Parent Company Summary

Current Parent Company Name: Ocwen Financial
Ownership Structure: publicly traded (ticker symbol OCN)
Headquartered in: Georgia
Major Industry: financial services
Specific Industry: financial services
Penalty total since 2000: $2,654,342,704
Number of records: 48
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
consumer-protection-related offenses$2,547,342,77236
government-contracting-related offenses$74,453,8021
financial offenses$30,200,0002
employment-related offenses$2,220,0057
miscellaneous offenses$119,0001
Top 5 Primary Offense TypesPenalty TotalNumber of Records
consumer protection violation$2,221,637,77224
mortgage abuses$324,050,00010
False Claims Act and related$74,453,8021
toxic securities abuses$28,200,0001
accounting fraud or deficiencies$2,000,0001
Notes: Parent-subsidiary linkages are based on relationships current as of the latest revision listed in the Update Log, which may vary from what was the case when a violation occurred. The penalty totals are adjusted to account for the fact that the individual entries below may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. The totals are also adjusted to reflect cases in which federal and state or local agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the list below.

Links: Subsidy Tracker data on financial assistance to this company by federal, state and local government agencies can be found here.

Individual Penalty Records:

Click on the company or penalty amount for more information on each case.

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CompanyPrimary Offense Type sort iconYearAgencyPenalty Amount
PHH Mortgage Corp.zoning violation2017NY-DFS$119,000
Option One Mortgage Corporationtoxic securities abuses2012SEC$28,200,000
Ocwen Loan Servicing LLCprivacy violation2015VT-FIN$155,000
Ocwen Loan Servicing, LLCprivacy violation2022private lawsuit-federal$1,500,000
Saxon Mortgage Services Inc.mortgage abuses2011DOJ_CIVIL$2,350,000
Ocwen Financial Corp.mortgage abuses2014MA-AG$3,700,000
Ocwen Financial Servicesmortgage abuses2013MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $127,300,000
Ocwen Loan Servicing LLCmortgage abuses2019MA-AG$2,000,000
PHH Mortgage Corp.mortgage abuses2018MULTI-AG$45,000,000
PHH Mortgage Corporationmortgage abuses2013NJ-AG$6,250,000
Ocwen Loan Servicing, LLCmortgage abuses2017CA-DFPI$225,000,000
PHH Mortgage Corp.mortgage abuses2012IL-BKG$150,000
PHH Mortgage Corporationmortgage abuses2016NY-DFS$28,000,000
Ocwen Financial Corporationmortgage abuses2020FL-AG$11,600,000
PHH Corp.False Claims Act and related2017DOJ_CIVIL$74,453,802
LITTON LOAN SERVICING LPenvironmental violation2010OR-ENV$7,125
Ocwen Financialemployment discrimination2005private lawsuit-state$2,000,000
Ocwen Financial Corporation and Ocwen Loan Servicingconsumer protection violation2013CFPB$2,125,000,000
PHH Mortgage Corporationconsumer protection violation2019DOJ_RIGHTS$750,000
Ocwen Financial Corporationconsumer protection violation2019ME-AG$84,000
PHH Mortgage Corp.consumer protection violation2018GA-AG$75,000
Ocwen Loan Servicing, LLCconsumer protection violation2015CA-DFPI$2,500,000
Ocwen Financial Solutions, Private Ltd.consumer protection violation2017CA-DFPI$52,000
PHH Mortgage Corp. dba Century Mortgageconsumer protection violation2009CT-BKG$6,000
PHH Mortgage Corp. dba Century Mortgageconsumer protection violation2013CT-BKG$29,000
Saxon Mortgage Services, Inc.consumer protection violation2012FL-OFR$15,000
PHH Mortgage Corp.consumer protection violation2010KY-FIN$8,000
PHH Mortgage Corp.consumer protection violation2011KY-FIN$5,000
Homeward Residential, Inc.consumer protection violation2015KY-FIN$10,000
Litton Loan Servicingconsumer protection violation2010MD-FIN$71,000
Saxon Mortgage Servicesconsumer protection violation2010MD-FIN$71,000
PHH Mortgage Corporationconsumer protection violation2011NJ-DBI$9,000
Ocwen Loan Servicing LLCconsumer protection violation2009OH-BKG$10,000
Ocwen Loan Servicing, LLCconsumer protection violation2016WA-FIN$900,000
PHH Mortgage Corporationconsumer protection violation2020CA-DFPI$62,000
Ocwen Loan Servicing, LLCconsumer protection violation2023CA-DFPI$5,988,704
Litton Loan Servicing LPconsumer protection violation2016private lawsuit-federal$4,121,000
Ocwen Loan Servicing LLCconsumer protection violation2015private lawsuit-federal$70,000,000
Ocwen Loan Servicing, LLCconsumer protection violation2017private lawsuit-federal$600,000
PHH Corporationconsumer protection violation2018private lawsuit-federal$8,500,000
PHH Mortgage Corp.consumer protection violation2023private lawsuit-federal$2,771,068
OCWEN FINANCIAL CORPORATIONbenefit plan administrator violation2018EBSA$10,001
OCWEN FINANCIAL CORPORATIONbenefit plan administrator violation2019EBSA$10,001
OCWEN FINANCIAL CORPORATIONbenefit plan administrator violation2020EBSA$50,001
OCWEN FINANCIAL CORPORATIONbenefit plan administrator violation2020EBSA$50,001
OCWEN FINANCIAL CORPORATIONbenefit plan administrator violation2020EBSA$50,001
OCWEN FINANCIAL CORPORATIONbenefit plan administrator violation2021EBSA$50,000
Ocwen Financial Corp.accounting fraud or deficiencies2016SEC$2,000,000
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.