Ocwen Financial Corp, Ocwen Loan Servicing, LLC
The CFPB along with 49 state attorneys general and the Attorney General of the District of Columbia sued Ocwen for having allegedly “provided false and misleading information to borrowers about their accounts, denied loan modifications to eligible borrowers, robo-signed court documents through the foreclosure process, and miscalculated interest rates and other fees.” Ocwen reached a deal with the plaintiffs that required Ocwen to “provide $2 billion in principal forgiveness to modify loans to underwriting borrowers and $125 million in refunds to up to 185,000 customers who lost their homes to foreclosure from 2009 to 2012.”
Inactive or Resolved
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