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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 non-bank 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 Financial: Calling Republican Lawmakers What Is Going On With The CFPB

Yes, Ocwen has made mistakes and has ... very powerful investors until some of the above is discovered. Did PIMCO use its influence and credibility to push their pro-foreclosure agenda by picking on a small mortgage servicer with phony accusations that ... 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

Consumer Financial Protection Bureau sues Ocwen for failing borrowers throughout mortgage servicing process

The Bureau alleges that Ocwen’s years of widespread errors, shortcuts, and runarounds cost some borrowers ... made mistakes and taken shortcuts at every stage of the mortgage servicing process, costing some consumers money and others their homes ... read more

Too Little, Too Late Lawsuit Against Predatory Servicer Ocwen Demonstrates Failure to Address Servicing Abuses

Better servicing would cost ... some instances, Ocwen foreclosed on individuals who may have been eligible to save these homes through a loan modification or other loss mitigation option. Failed to adequately investigate and respond to borrower complaints ... read more

'Enough is enough' as Florida sues sly mortgage servicer

The Florida lawsuit ... “Ocwen has repeatedly made mistakes and taken shortcuts at every stage of the mortgage servicing process, costing some consumers money and others their homes,” said CFPB Director Richard Cordray. “Borrowers have no say ... read more

CFPB sues Ocwen, alleges total failure of mortgage servicing process

The CFPB announced Thursday that it is suing Ocwen Financial for “failing borrowers at every stage of the mortgage servicing process.” According to the CFPB, its lawsuit alleges that Ocwen cost borrowers money, and in some cases, their homes ... 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
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