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Foreclosure Defense and Loan Modification Blog

Ocwen Being Sued By CFPB For Mortgage Servicing Failures... Again

Posted by Maxwell Swinney

Saturday, April 29, 2017

You had one job, Ocwen, and you couldn't even do that!

Mortgage servicer Ocwen is being sued by the Consumer Financial Protection Bureau (CFPB) for “failing borrowers at every stage of the mortgage servicing process.”

The lawsuit alleges that Ocwen's “widespread errors, shortcuts, and runarounds cost some borrowers money and others their home.”

According to the CFPB, for years Ocwen has consistently demonstrated an inability to perform the most fundamental duties required of a mortgage servicer, such as sending accurate monthly statements to borrowers, crediting their account for payment, and correctly handling tax and insurance payments. 

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Topics: ocwen loan modification, CFPB, Ocwen, mortgage servicing, ocwen foreclosure

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Amerihope Alliance Legal Services is a leading loan modification and foreclosure defense law firm with attorneys licensed in 5 states. We have helped over 7,000 homeowners fight back and keep their homes.

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Our goal is to provide valuable information to help homeowners who are trying to obtain a loan modification or to stop foreclosure. You may schedule a free consultation at any time.

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