Mortgage servicer Ocwen reducing balances by $2B in deal with US gov't and 49 states

  • by: MARCY GORDON , Associated Press
  • Updated: December 19, 2013 - 3:55 PM

WASHINGTON — Ocwen Financial Corp. will reduce struggling borrowers' loan balances by $2 billion in an agreement with federal regulators and 49 states over foreclosure abuses.

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