Institution

Ocwen Financial Corporation and Ocwen Loan Servicing, LLC

Date

28-4-2016 12:00 AM

Creator

Office of Mortgage Settlement Oversight

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Apr 28th, 12:00 AM

Update on Ocwen's Consumer Relief and Compliance: A Report from the Monitor of the National Mortgage Settlement

Ocwen reported its consumer relief activities from the second, third and fourth quarters 2015 under the National Mortgage Settlement (NMS) to Monitor Joseph A. Smith, Jr. According to this self-reported, gross data, 38,104 received first lien modification forgiveness totaling approximately $3.3 billion, which is about $87,644 per borrower.