Maryland

Maryland Teams With Servicer to Reduce Foreclosures 

Ocwen Financial Corp. [stock OCN][/stock], a West Palm Beach-based subprime mortgage servicer, on Monday announced it had signed a compact with Maryland Governor Martin O’Malley to reduce foreclosures and keep homeowners in their homes. The compact utilizes Ocwen’s technology-enhanced program of modifying loans that are delinquent or at risk of becoming delinquent.