"Goldman Sachs Group Inc. (GS) and Ocwen Financial Corp. (OCN)will improve their handling of overdue mortgages and end so-called robo-signing to gain New York’s approval for the sale of Litton Loan Servicing LP.
Goldman Sachs agreed to reduce $53 million of unpaid principal from delinquent borrowers in New York state and Ocwen and Litton agreed to make staffing and training changes to prevent robo-signing, in which foreclosure documents were automatically signed without personal verification of the contents, according to a statement today from the New York State Department of Financial Services"...........READ MORE
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