SEC
Whistleblower
Advocates

January 20, 2016

Ocwen Financial Corp.

Financial Fraud

SANCTION AMOUNT: $2,000,000

Defendants: Ocwen Financial Corp.

Respondent allegedly inaccurately disclosed to investors that it independently valued complex mortgage assets at fair value under GAAP, but actually merely used a valuation performed by a related party to which it sold servicing rights. Alleged consequent misstatement of net income for the last three quarters of 2013 and the first quarter of 2014.

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