San Diego, CA -- (SBWIRE) -- 07/12/2017 -- Certain directors of Ocwen Financial Corp are under investigation over potential wrongdoing. The investigation was announced for investors in shares of Ocwen Financial Corp (NYSE:OCN) concerning potential breaches of fiduciary duties by certain directors of Ocwen Financial Corp.

Investors who are current long term investors in Ocwen Financial Corp (NYSE:OCN) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm for current long term investors in NYSE:OCN stocks follows a lawsuit filed recently against Ocwen Financial Corp over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE:OCN stocks, concerns whether certain Ocwen Financial directors are liable in connection with the allegations made in that lawsuit. The plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that Ocwen Financial Corp engaged in significant and systemic misconduct at nearly every stage of the mortgage servicing process, that the foregoing conduct, when it became known would subject the Company to heightened regulatory scrutiny and potential criminal sanctions, and that as a result of the foregoing, Ocwen Financial Corp's public statements were materially false and misleading at all relevant times.

On April 20, 2017, it was reported that U.S. and state regulators had sued Ocwen Financial Corp because it illegally foreclosed on borrowers, cut corners and failed to carry out basic duties. The U.S. Consumer Financial Protection Bureau ("CFPB"), described its lawsuit, stating Ocwen Financial Corp and its subsidiaries failed borrowers at "every stage of the mortgage servicing process" and committed "years of widespread errors, shortcuts, and runarounds." During this time, Ocwen Financial Corp allegedly was unable to send out accurate monthly statements or properly credit payments.The CFPB alleged Ocwen Financial Corp "illegally foreclosed on struggling borrowers, ignored customer complaints, and sold off the servicing rights to loans without fully disclosing the mistakes it made in borrowers' records."

Those who purchased shares of Ocwen Financial Corp (NYSE:OCN) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com