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: 
$2,546,423,804
Number of records: 
28
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
consumer-protection-related offenses$2,129,531,00013
financial offenses$340,300,00010
government-contracting-related offenses$74,453,8021
employment-related offenses$2,020,0023
miscellaneous offenses$119,0001
Top 5 Primary Offense TypesPenalty TotalNumber of Records
consumer protection violation$2,128,626,00011
mortgage abuses$310,100,0008
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.

Associated Names: 

Ocwen Financial; OCWEN FINANCIAL AND OCWEN LOAN SERVICING; Ocwen Financial Services; Ocwen Loan Servicing, LLC; Option One Mortgage; PHH; PHH Mortgage Corp. dba Century Mortgage; 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 Loan Servicing, LLC mortgage abuses 2017 CA-DBO $225,000,000
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 Loan Servicing, LLC consumer protection violation 2015 CA-DBO $2,500,000
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
Ocwen Loan Servicing, LLC consumer protection violation 2016 WA-FIN $900,000
PHH Mortgage Corporation Servicemembers Civil Relief Act 2019 DOJ_RIGHTS $750,000
Ocwen Loan Servicing LLC privacy violation 2015 VT-FIN $155,000
PHH Mortgage Corp. mortgage abuses 2012 IL-BKG $150,000
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
PHH Mortgage Corp. dba Century Mortgage consumer protection violation 2013 CT-BKG $29,000
OCWEN FINANCIAL CORPORATION benefit plan administrator violation 2018 EBSA $10,001
OCWEN FINANCIAL CORPORATION benefit plan administrator violation 2019 EBSA $10,001
Ocwen Loan Servicing LLC consumer protection violation 2009 OH-BKG $10,000
PHH Mortgage Corporation consumer protection violation 2011 NJ-DBI $9,000
PHH Mortgage Corp. consumer protection violation 2010 KY-FIN $8,000
PHH Mortgage Corp. dba Century Mortgage consumer protection violation 2009 CT-BKG $6,000
PHH Mortgage Corp. consumer protection violation 2011 KY-FIN $5,000
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