Ocwen, Wells Fargo Beat ERISA Suit Over Mortgages

By Patrick Hoff (June 2, 2023, 2:23 PM EDT) -- Ocwen Financial Corp. and Wells Fargo defeated a union pension fund's suit claiming the companies violated the Employee Retirement Income Security Act by exploiting homeowners during the financial crisis, as a New York federal judge ruled the mortgage-backed securities at issue weren't plan assets....

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