Ocwen Exec: "We do not require gag clauses for modifications"

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Ocwen Exec: “We do not require gag clauses for modifications”

Ocwen Exec: “We do not require gag clauses for modifications”

Who ya gonna believe? “for modifications” but what about the rest??


HW-

After being accused of forcing borrowers to promise not to insult them publicly, nonbank mortgage servicer Ocwen Financial Corp. (OCN) issued a rebuttal saying it does not require “gag clauses” for ordinary loan modifications.

A Reuters article posted that nonbank mortgage payment collectors at companies are agreeing to ease the terms of borrowers’ underwater mortgages, but are increasingly demanding that homeowners promise not to insult them publicly. And in some cases, they are demanding that homeowners’ lawyers agree to the same terms, in addition to possibly requiring them to agree not to sue them again.

But there’s just one catch — it’s not true.

[HOUSING WIRE]

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