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Lawsuits allege mortgage servicer Ocwen's mistakes cost some borrowers their homes | Latest News

Lawsuits allege mortgage servicer Ocwen's mistakes cost some borrowers their homes

The survival of one of the nation's largest nonbank mortgage servicing companies was thrown into question Thursday as the company was hit with federal and state lawsuits for allegedly failing borrowers with mistakes, shortcuts and other problems that ... read more

Ocwen's Bad Day: CFPB Lawsuit, North Carolina Cease-and-Desist

The survival of one of the nation's largest nonbank mortgage servicing ... lawsuits, including a cease-and-desist order in MI, for allegedly failing borrowers with mistakes, shortcuts and other problems that cost some people their homes. Additionally ... read more

Foreclosure Crisis: The Twisted World Of Mortgage Lender Error

More than four years after reports of these kinds of errors began bubbling to the surface, homeowners are still fighting to fix servicer mistakes that threaten their homes ... (Some banks have argued in court that loan agreements between borrowers and ... read more

Raging against the foreclosure machine

More than four years after reports of these kinds of errors began bubbling to the surface, homeowners are still fighting to fix servicer mistakes that threaten their homes ... (Some banks have argued in court that loan agreements between borrowers and ... read more

Borrowers lost homes to Ocwen, lawsuits say

April 21, 2017 – The survival of one of the nation's largest non-bank mortgage servicing ... federal and state lawsuits for allegedly failing borrowers with mistakes, shortcuts and other problems that cost some people their homes. Ocwen Financial ... read more

Loan-servicing company crashes after regulator says big errors cost borrowers their homes

The US Consumer Financial Protection Bureau on Thursday sued Ocwen Financial Corp and its subsidiaries, alleging the mortgage loan servicer's "years of widespread errors, shortcuts, and runarounds cost some borrowers money and others their homes." read more

Regulators Accuse Subprime Mortgage Servicer of Years of Abuses

Servicing ... Some of the company’s “systemic and significant” mistakes cost its customers their homes, Richard Cordray, the bureau’s director, said in a news conference. Ocwen, which collects payments from 1.4 million borrowers on mortgage debt ... read more

Ocwen Financial : Feds go after mortgage servicer

April 25--Of the 675 complaints ... CFPB." "Ocwen has repeatedly made mistakes and taken shortcuts at every stage of the mortgage servicing process, costing some consumers money and others their homes," CFPB Director Richard Cordray said. "Borrowers ... read more

Regulators sue Ocwen Financial, say it mishandled mortgages

In its lawsuit, authorities allege that Ocwen ... action filed Thursday. "Ocwen has repeatedly made mistakes and taken shortcuts at every stage of the mortgage servicing process, costing some consumers money and others their homes," CFPB Director Richard ... read more

Mortgage servicer Ocwen botched loans so badly, its own exec called its system a train wreck, CFPB says

In addition to the lawsuit filed in ... said in a news release. “Ocwen has repeatedly made mistakes and taken shortcuts at every stage of the mortgage servicing process, costing some consumers money and others their homes,” bureau Director Richard ... read more
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