See how much Ocwen paid in latest legal settlement

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Ocwen Financial, the West Palm Beach-based mortgage company with a hard-earned reputation for playing hardball with borrowers, said Thursday it will pay $30 million to settle 2012 suits that accused it of illegally charging borrowers who modified loans through Treasury’s HAMP program.

“Ocwen agreed to the settlement, notwithstanding its belief that it has sound legal and factual defenses, in order to avoid the uncertain outcome of two trials and the additional expense and management time involved,” the company said in a statement.

The suits were filed in federal court in Texas by whistleblowers. The U.S. Department of Justice later took over as the plaintiff.

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