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CFPB Sues Ocwen Financial over Unfair Mortgage Practices

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A Miami. as his loan processor, plead guilty to conspiracy to commit bank fraud and were sentenced to prison Tuesday, according to the U.S. Attorney’s Office in the Southern District of Florida..

BankUnited, the largest bank based in South Florida, stopped making residential mortgage loans to consumers and laid off some of its staff. Mary Harris, a spokeswoman for BankUnited, told the Miami Herald the bank’s termination of residential mortgage lending would not affect prior loan commitments.

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