WEINER V. OCWEN FINANCIAL CORP.

“What is this lawsuit about?”

“This lawsuit is known as Weiner v. Ocwen Financial Corp., et al., Case No. 14-cv-02597. The lawsuit is about whether Ocwen improperly over-charged borrowers for certain “property valuation expenses,” including Broker Price Opinions and Hybrid Valuations, which allegedly contained undisclosed “mark-ups.” The Court has allowed the Lawsuit to be a class action on behalf of (1) all U.S. residents who have or had a loan serviced by Ocwen and who paid for one or more Broker Price Opinions or Hybrid Valuations charged by Ocwen through Altisource Portfolio Solutions S.A. (“Altisource”), from November 5, 2010 through the present and (2) all California residents who have or had a loan serviced by Ocwen and who were charged for one or more Broker Price Opinions or Hybrid Valuations charged by Ocwen through Altisource from November 5, 2010 through the present. You can read the Plaintiff’s Class Action Complaint at the Important Documents page.

Ocwen contends that all of its policies and procedures related to Broker Price Opinions and Hybrid Valuations complied with the law. Ocwen denies all the claims in the lawsuit and that it has done anything wrong. 

Ocwen has not been ordered to pay any money, and there has not been a settlement of this case. Accordingly, there are no damages or monetary benefits available now and no guarantee there ever will be. However, because the case was certified as a class action, your legal rights are affected, and you have a choice to make now.”

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This content was written by: www.ocwenfeelitigation.com