[Federal Register Volume 79, Number 101 (Tuesday, May 27, 2014)]
[Notices]
[Pages 30168-30169]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-12052]


-----------------------------------------------------------------------

DEPARTMENT OF LABOR

Employment and Training Administration

[TA-W-82,503]


Ocwen Loan Servicing, LLC, a Subsidiary of Ocwen Financial 
Corporation, Including Former Workers of GMAC Mortgage, LLC, an 
Indirect Subsidiary of Residential Capital, LLC, Waterloo, Iowa; Notice 
of Revised Determination on Reconsideration

    On its own action, the Department reviewed the determination for 
GMAC Mortgage, LLC, an indirect subsidiary of Residential Capital, LLC, 
now Ocwen Loan Servicing, LLC, a subsidiary of Ocwen Financial 
Corporation, Waterloo, Iowa to clarify the worker group. Based on 
additional and updated information, worker group is clarified as Ocwen 
Loan Servicing, LLC, a subsidiary of Ocwen Financial Corporation, 
including former workers of GMAC Mortgage, LLC, an indirect subsidiary 
of Residential Capital, LLC, Waterloo, Iowa (hereafter referred to as 
``Ocwen Loan Servicing, LLC'' or ``the subject firm''). The workers are 
engaged in activities related to the supply of mortgage loan services.
    The worker group excludes workers totally or partially separated 
(or threatened with such separation) from the subject firm prior to 
February 15, 2013 (date of bankruptcy finalization).
    Based on a careful review and clarification of previously-submitted 
information and additional information obtained during the 
reconsideration investigation, the Department determines that Section 
222(a)(1) has been met because a significant number or proportion of 
the workers in Ocwen Loan Servicing, LLC have become totally or 
partially separated, or are threatened to become totally or partially 
separated and that Section 222(a)(2)(B) has been met because the 
workers' firm has shifted to a foreign country a portion of the supply 
of services like or directly competitive with the mortgage loan 
services supplied by the subject worker group, which contributed 
importantly to worker group separations at Ocwen Loan Servicing, LLC.

Conclusion

    After careful review of previously-submitted facts and the 
additional facts obtained during the reconsideration investigation, I 
determine that workers Ocwen Loan Servicing, LLC, a subsidiary of Ocwen 
Financial Corporation, including former workers of GMAC Mortgage, LLC, 
an indirect subsidiary of Residential Capital, LLC, Waterloo, Iowa, who 
were engaged in employment related to the supply of mortgage loan 
services, meet the worker group certification criteria under Section 
222(a) of the Act, 19 U.S.C. 2272(a). In accordance with Section 223 of 
the Act, 19 U.S.C. 2273, I make the following certification:

    All workers of Ocwen Loan Servicing, LLC, a subsidiary of Ocwen 
Financial Corporation, including former workers of GMAC Mortgage, 
LLC, an indirect subsidiary of Residential Capital, LLC, Waterloo, 
Iowa, who became totally or partially separated from employment on 
or after February 15, 2013, through two years from the date of this 
certification, and all workers in the group threatened with total or 
partial separation from employment on date of certification through 
two years from the date of certification, are eligible to apply for 
adjustment assistance under Chapter 2 of Title II of the Trade Act 
of 1974, as amended.



[[Page 30169]]


    Signed in Washington, DC this 13th day of May, 2014.
Del Min Amy Chen,
Certifying Officer, Office of Trade Adjustment Assistance.
[FR Doc. 2014-12052 Filed 5-23-14; 8:45 am]
BILLING CODE 4510-FN-P