Ocwen Financial Faces Boatloads of Complaints, The Courthouse News database contains more than 1,000 lawsuits against Ocwen since 2016

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Ocwen Financial Faces Boatloads of Complaints, The Courthouse News database contains more than 1,000 lawsuits against Ocwen since 2016

Ocwen Financial Faces Boatloads of Complaints, The Courthouse News database contains more than 1,000 lawsuits against Ocwen since 2016

Courthouse News-

In a lawsuit brimming with claims of wrongful foreclosures, deceptive, unfair and incompetent debt collection, the Consumer Financial Protection Bureau says more than 300,000 homebuyers in the past two years have complained about Ocwen Financial, one of the largest nonbank mortgage servicers in the country.

The 14-count federal lawsuit says Ocwen’s widespread mishandling of borrowers’ mortgage accounts violated a bevy of consumer protection laws.

“Ocwen has improperly calculated loan balances, misapplied borrower payments, failed to correctly process escrow and insurance payments, and failed to properly investigate and make corrections in response to consumer complaints,” the CFPB says in the April 20 complaint. “Ocwen has compounded these failures by illegally foreclosing upon borrowers’ loans and selling loan servicing rights to servicers without fully disclosing or correcting errors in borrowers’ loan files.”

[THE COURTHOUSE NEWS]

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One Response to “Ocwen Financial Faces Boatloads of Complaints, The Courthouse News database contains more than 1,000 lawsuits against Ocwen since 2016”

  1. MassMom says:

    http://www.ma-appellatecourts.org/display_docket.php?src=party&dno=2017-P-0211

    Welcome to our nightmare of 10 years . These are the worst kind of terrorists !

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