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: 
$2,231,663,803
Number of records: 
6
Top 10 Primary Offense TypesPenalty TotalNumber of Records
consumer protection violation$2,125,000,0001
False Claims Act$74,453,8021
toxic securities abuses$28,200,0001
accounting fraud or deficiencies$2,000,0001
employment discrimination$2,000,0001
benefit plan administrator violation$10,0011
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 dollar total above may be adjusted to account for the fact that the list of 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. Duplicate penalty amounts are marked with an asterisk in the list below.

Associated Names: 

Ocwen Financial; OCWEN FINANCIAL AND OCWEN LOAN SERVICING; Option One Mortgage; PHH

Links: 

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


Individual Penalty Records:

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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
PHH Corp. False Claims Act 2017 DOJ_CIVIL $74,453,802
Option One Mortgage Corporation toxic securities abuses 2012 SEC $28,200,000
Ocwen Financial Corp. accounting fraud or deficiencies 2016 SEC $2,000,000
Ocwen Financial employment discrimination 2005 private lawsuit-state $2,000,000
OCWEN FINANCIAL CORPORATION benefit plan administrator violation 2018 EBSA $10,001
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