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Foreclosure abuse

File photo of a foreclosure sign is posted in front of a home for sale. (credit: Justin Sullivan/Getty Images)

Md., Va. to Receive Settlement in $2B Deal Over Loan Abuses

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


File photo of a foreclosed home. (credit: Joe Raedle/Getty Images)

Mortgage Foreclosure Abuse Victims Receive Settlement

Attorney General Ken Cuccinelli said Monday that each recipient will receive $1,480.