Ocwen Stock Surges on Restructuring Efforts
Down but not out. It ain't over 'til its over… All available clichs may apply to Ocwen Financial Corporation. Foreclosure News
Ocwen Financial: Calling Republican Lawmakers What Is Going On With The CFPB
Lawmakers need to understand bad behavior might have have occurred by industry participants in their lobbying of the CFPB and other State officials to further their pro-foreclosure agenda. I recommend that company management of OCN and ASPS explore if other firms in fact hurt the company through misrepresentations or short selling and pursue tort claims. […]
Massachusetts sues Ocwen over mortgage servicing practices
The Massachusetts attorney general sued a unit of Ocwen Financial Corp on Friday, accusing the mortgage servicing company of engaging in abusive practices that harmed thousands of homeowners in the state. The lawsuit, filed in Suffolk County Superior Court, came a week after the U.S. Consumer Financial Protection Bureau, the Florida attorney general and more […]
Florida among states suing Ocwen over mortgages, stock plummets
West Palm Beach-based Ocwen Financial Corp. was hit by a lawsuit from more than 20 states, including Florida, and the U.S. Consumer Financial Protection Bureau, alleging that it mishandled mortgages, resulting in illegal foreclosures and other harm to borrowers. Foreclosure News
Consumer Financial Protection Bureau Sues Ocwen Financial Corporation
Ocwen allegedly botched basic functions like sending accurate monthly statements, properly crediting payments, and handling taxes and insurance. Allegedly, Ocwen also illegally foreclosed on struggling borrowers, ignored customer complaints, and sold off the servicing rights to loans without fully disclosing the mistakes it made in borrowers' records. Foreclosure News
Ocwen Mortgage firm still filing bad foreclosures, new lawsuits say
Ocwen Mortgage, a West Palm Beach-based company that got in trouble previously for filing bad foreclosure lawsuits, was hit with new lawsuits Thursday alleging the same old thing. Ocwen's errors have resulted in “significant harm to borrowers, including but not limited to improper late fees, inaccurate negative credit reporting, and borrower frustration,” a lawsuit filed […]
Ocwen higher on Monitor progress
Joseph Smith's quarterly report – covering Q3 and Q4 of 2015 – is out, and if Ocwen shareholders want to know what they're getting for their tens of millions of dollars, here it is in full . While the company passed all of the Monitor's tests in Q3, it did fail two in Q4 – […]
Consumer Action Law Group Attorneys’ Helped Ocwen Foreclosure Victims to Stop Foreclosure Sales
Ocwen does not have the best reputation among many borrowers who are forced into the foreclosure process. Most Ocwen foreclosure victims had no choice in having Ocwen as their lender. Foreclosure News
California Attorneys That Successfully Stop Ocwen from Foreclosing on Homeowners
In the wake of the housing crash, nearly every major lender has committed some act of foreclosure fraud against distressed homeowners living in California. One lender specifically, Ocwen Financial, has been charged with millions of dollars in fines and penalties for committing fraud against homeowners facing foreclosure. Foreclosure News
New Mexico homeowners targeted by fake ‘Ocwen’ loan modification scam
New Mexico’s Attorney General issued a warning to the state’s citizens recently, advising them to be on guard for a “dangerous new scam” that supposedly offers a “Making Home Affordable” mortgage modification from Ocwen Financial . According to the office of Attorney General Hector Balderas, some struggling New Mexico homeowners have received letters purportedly from […]