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Ocwen settles with Oregon, Wyoming over alleged compliance deficiencies

Ocwen Financial Corp. has entered into agreements with Oregon and Wyoming to resolve regulatory actions taken against it over its servicing and lending activities.

Under the agreement, Wyoming has dismissed its cease and desist order against the company. The Oregon agreement terms are similar to that of prior pacts. As of Dec. 27, the company has reached a resolution in 25 jurisdictions. Ocwen is also trying to resolve regulatory actions taken by six other regulatory agencies and two state attorneys general.

Also, a Florida court on Dec. 22 approved a settlement between the company and other parties in a securities litigation. Within 30 days of the judgment, the company will issue 2.5 million common shares to members of the lawsuit and their counsel.