Author: Jasmine Castroverde | 16 Oct, 2020 | S&P Global Ocwen Financial Corp. settled a lawsuit brought by the state of Florida against the company and its units Ocwen Mortgage Servicing Inc., Ocwen Loan Servicing LLC and PHH Mortgage Corp. for certain legacy servicing activities. The agreement is filed as a proposed consent judgment in […]
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“7th Circuit Finds Insurer Has No Duty to Defend Mortgage Servicer Against Robocall Lawsuit”
By Jim Sams | March 16, 2021 | Claims Journal A liability insurance carrier that excluded any violation of telecommunications laws from coverage had no duty to defend a loan servicer from a class-action lawsuit that accused it of making harassing robocalls to more than 1 million cell phones. The 7th Circuit Court of Appeals on Friday affirmed a U.S. […]
“Florida among states suing Ocwen over mortgages, stock plummets”
By Brian Bandell – Senior Reporter | South Florida Business Journal | Apr 21, 2017 West Palm Beach-based Ocwen Financial Corp. was hit by a lawsuit from more than 20 states, including Florida, and the U.S. Consumer Financial Protection Bureau, alleging that it mishandled mortgages, resulting in illegal foreclosures and other harm to borrowers. The company was barred […]
“CFPB appeals Ocwen’s victory in servicing suit”
By Kate Berry | April 22, 2021 | National Mortgage News The Consumer Financial Protection Bureau has filed an appeal in its lawsuit against Ocwen Financial after a federal judge dismissed servicing misconduct claims dating to the 2008 financial crisis. The CFPB filed the appeal late Wednesday after all claims against Ocwen were dropped in a […]
“Judge rules on Ocwen’s motion to dismiss Florida lawsuit”
By Bonnie Sinnock | October 02, 2019 | National Mortgage News A federal judge granted in part and denied in part Ocwen Financial’s motion to dismiss Florida regulators’ case against the company, the last remaining of 30 state lawsuits filed in 2017. While Judge Kenneth Marra of the U.S. District Court in Florida’s Southern District threw […]
“Ocwen settles 2017 lawsuit filed by Moody involving mortgage loans”
By Kyla Asbury | Oct 22, 2020 | Florida Record TALLAHASSEE — Ocwen Mortgage Servicing settled a lawsuit by Attorney General Ashley Moody earlier this month involving alleged over-charging and mishandling escrow accounts, without admitting liability. The company agreed to settle the 2017 lawsuit, citing it was in the best interest of stakeholders. “Ocwen believes that it has […]
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 […]
“Ocwen prevails over most of CFPB’s mortgage servicing lawsuit”
By Jody Godoy | MARCH 5, 2021 | WESTLAW NEWS A federal judge in Florida has handed a win to Ocwen Financial Corporation in the U.S. Consumer Financial Protection Bureau’s lawsuit seeking to hold the company liable for an array of alleged mortgage servicing failures, saying most of the claims are precluded by an earlier nationwide […]
“Another Slap on the Wrist for a Company That Abused Homeowners”
David Dayen/ December 20, 2013 / On TNR The year just wouldn’t be complete without one final dubious financial fraud settlement. A consent order between the Consumer Financial Protection Bureau, every state but Oklahoma, and the mortgage servicing company Ocwen again shows the continued, systemic mistreatment of American homeowners. Ocwen stands accused of “violating consumer financial laws […]
“33 states go after Ocwen/PHH Mortgage over servicing fees”
February 2, 2021, 12:09 pm on HW By Alex Roha Brief alleges servicer charged illegal fees to 1 million homeowners A coalition of 33 state attorneys general filed a motion against PHH Mortgage and its predecessor Ocwen Loan Servicing for allegedly charging unlawful servicing fees to nearly 1 million borrowers. The attorneys general, co-led by New York’s Letitia James and Minnesota’s […]