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Ocwen’s backdated letters burned borrowers: Lawsky

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One of the country’s largest mortgage servicers backdated “hundreds of thousands” of letters offering home-loan modifications — thus robbing imperiled homeowners of a chance to rework their troubled mortgages, New York’s banking regulator said Tuesday. Ocwen Financial, controlled by billionaire investor William Erbey, even ignored a conscientious employee who pointed out the dating error to...

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