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Michigan among regulators to target Ocwen Financial over mishandled mortgages

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Ken Sweet Associated Press - Federal and state authorities, including Michigan, are suing or issuing cease-and-desist orders against mortgage servicer Ocwen Financial Corp., saying the company botched the handling of millions of mortgage accounts. The Consumer Financial Protection Bureau said Thursday that the accounts Ocwen serviced were riddled with errors throughout the repayment process. It said the company would go after borrowers long before verifying whether the debt was valid, allegedly foreclosed illegally on

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