Ocwen retained Moelis in connection with Ocwen’s review of its strategic and financial options after nearly dissolving under Bill Erbey.
Ocwens' Consent Judgment had two sets of obligations: complying with federal and state law, and complying with the fencing-in provisions.
Even under a traditional res judicata approach, Marra appropriately considered the terms of the Consent Judgment. CFPB’s claims are barred.
Judge Marra's analysis of the res judicata effect of the Consent Judgment using traditional principles shows that method is inappropriate.