I was informed by Ocwen today that they will not extend any short sale closing dates with approvals prior to 3/1/14 because of new guidelines set by the Consumer Finance Protection Bureau (CFPB).
I find it hard to believe this was the intentions from a CONSUMER PROTECTION agency. To me it just sounds like spiteful retaliation from Ocwen.
This is a recent article about Ocwen. http://http://money.cnn.com/2014/02/10/real_estate/ocwen-mortgages/.... I recently had to file a complaint with HAMP/HAFA over Ocwen's behavior.
Please post back as to how it's going.