Ocwen settles class action over mortgage interest tax breaks

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Ocwen settles class action over mortgage interest tax breaks

Ocwen settles class action over mortgage interest tax breaks

Reuters-

Ocwen Loan Servicing has agreed in principle to settle a nationwide class action accusing it of causing homeowners to lose valuable tax breaks by misreporting mortgage interest to U.S. tax authorities, according to a court filing on Wednesday.”

If the deal goes through, it will be very good for the class,” plaintiffs’ lawyer David Vendler at Morris Polich & Purdy said in an emailed message. Ocwen is represented by lawyers at Greenberg Traurig. A spokesman for Ocwen declined comment.

[REUTERS]

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