Under fire from New York's top banking regulator, Ocwen Financial took a $100 million charge for a potential settlement for servicing violations and posted a third-quarter loss.

On an Oct. 30 conference call with analysts, William Erbey, Ocwen's executive chairman, said the $100 million charge was the company's "best estimate of the exposure" forbackdating thousands of foreclosure letters to borrowers. Erbey deflected most questions about the potential settlement, essentially leaving open the possibility that litigation expenses or the cost of an actual settlement could be higher.

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