Longtime Ocwen Financial CEO Ron Faris to step down

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Ocwen Financial Corp. will pay $150 million toward homeowner aid and William C. Erbey, the company’s executive chairman, will step down, after reaching an agreement with the New York State.

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Another new boss. Ocwen also announced Monday that John Britti, the company’s executive vice president and chief investment officer, has been named interim CEO. Britti will take over on a temporary basis for the retiring ronald faris, who announced earlier this year that he plans to step down on June 30, 2018.

Since this notification, we have dedicated substantial resources towards satisfying the DBO’s requests," Ocwen ceo ron faris said in a statement Tuesday. founder and former billionaire Erbey would.

Over the years, Fitch Ratings has frequently commented about Ocwen Financial. named interim CEO. Britti will take over on a temporary basis for the retiring Ronald Faris, who announced earlier this.

Beat their phones down and their emails Ocwen Consumer Ombudsman at (800) 390-4656 or Ombudsman William.erby@ocwen.com – 561-682-8520 ronald.faris@ocwen.com – 561-682-8560 scott.anderson@ocwen.com – 561-682-8913 call into the switchboard at 407-737-5000 and ask for other members of upper management email and phone number

As of January 16, 2015, Bill Erbey will step down as an officer and director of Ocwen, as well as from the boards of Ocwen’s related companies. The Operations Monitor will review Ocwen’s current committees of the Board of Directors and will consult with the Board relating to the committees.

Ocwen Financial Corp agreed to replace its chairman as part of a $150 million settlement with New York’s financial regulator after the mortgage collection company admitted to violations, including.

Ronald Faris Overview Ronald Faris has been associated with seventy-nine companies, according to public records. The companies were formed over a twenty-four year period with the most recent being incorporated five years ago in October of 2013. Seven of the companies are still active while the remaining seventy-two are now listed as inactive.

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Joining me on the call today is Ron Faris, President and Chief Executive Officer and Michael Bourque, Chief Financial Officer. Now, I will turn the call over to Ron. Ron Faris