Federal Judge Dismisses Two Fraud Lawsuits Against Ocwen

Justice League

A federal judge in Florida has dismissed two class action lawsuits against non-bank mortgage servicerOcwen Financial, according to court filings.

U.S. District Judge William Dimitrouleas in the U.S. District Court, Southern District of Florida, dismissed lawsuits filed by Ocwen Financial shareholders andAltisource Portfolio Solutions shareholders accusing the Atlanta-based servicer of fraud.

“We are pleased that the Court has dismissed these two separate actions against the Company,” Ocwen spokesman Jon Lovallo said in an email to DS News. “We agree with the Court’s rulings, and will continue to vigorously defend ourselves as necessary.”

Read on.

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