Violation Tracker Parent Company Summary

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: 
$2,317,651,804
Number of records: 
17
Top 10 Primary Offense TypesPenalty TotalNumber of Records
consumer protection violation$2,125,159,0003
mortgage abuses$84,950,0006
False Claims Act and related$74,453,8021
toxic securities abuses$28,200,0001
employment discrimination$2,000,0001
accounting fraud or deficiencies$2,000,0001
Servicemembers Civil Relief Act$750,0001
zoning violation$119,0001
benefit plan administrator violation$20,0022
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.

Associated Names: 

Ocwen Financial; OCWEN FINANCIAL AND OCWEN LOAN SERVICING; Ocwen Financial Services; Ocwen Loan Servicing LLC; Option One Mortgage; PHH; PHH Mortgage Corporation

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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Company Primary Offense Type Year Agency Penalty Amountsort icon
Ocwen Financial Corporation and Ocwen Loan Servicing consumer protection violation 2013 CFPB $2,125,000,000
Ocwen Financial Services mortgage abuses 2013 MULTI-AG (*) $127,300,000
PHH Corp. False Claims Act and related 2017 DOJ_CIVIL $74,453,802
PHH Mortgage Corp. mortgage abuses 2018 MULTI-AG $45,000,000
Option One Mortgage Corporation toxic securities abuses 2012 SEC $28,200,000
PHH Mortgage Corporation mortgage abuses 2016 NY-DFS $28,000,000
PHH Mortgage Corporation mortgage abuses 2013 NJ-AG $6,250,000
Ocwen Financial Corp. mortgage abuses 2014 MA-AG $3,700,000
Ocwen Financial Corp. accounting fraud or deficiencies 2016 SEC $2,000,000
Ocwen Financial employment discrimination 2005 private lawsuit-state $2,000,000
Ocwen Loan Servicing LLC mortgage abuses 2019 MA-AG $2,000,000
PHH Mortgage Corporation Servicemembers Civil Relief Act 2019 DOJ_RIGHTS $750,000
PHH Mortgage Corp. zoning violation 2017 NY-DFS $119,000
Ocwen Financial Corporation consumer protection violation 2019 ME-AG $84,000
PHH Mortgage Corp. consumer protection violation 2018 GA-AG $75,000
OCWEN FINANCIAL CORPORATION benefit plan administrator violation 2018 EBSA $10,001
OCWEN FINANCIAL CORPORATION benefit plan administrator violation 2019 EBSA $10,001
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