What are the best ways to pay off my mortgage quickly?
Learn how mortgage payments may be reduced and how to save thousands on mortgage loans by lowering the interest and principle balance.
Ocwen rejects allegations of poor mortgage servicing practices
Ocwen Financial Corp rejected allegations of poor mortgage servicing practices and said on Monday that it had sent a letter to trustees of 119 mortgage pools, arguing that it should not be removed as a servicer. Investors including BlackRock Inc and Metlife Inc sent a notice to Ocwen and the trustees in January, alleging improper loan modification practices, wrongfully recouped advances, and a …
Exclusive: Big mortgage investors take first step toward suing Ocwen
By Karen Freifeld NEW YORK (Reuters) – Major mortgage bond investors including BlackRock , MetLife and Pimco on Friday took a first step toward suing Ocwen Financial Corp , accusing it of having failed to properly collect payments on $82 billion of home loans, according to a person familiar with the matter and to documents seen by Reuters. The group sent a formal notice of non-performance to …
Ocwen settles California mortgage compliance dispute for $2.5 million
Ocwen Financial Corp. will pay $2.5 million and hire outside accountants to settle a dispute with California, which had threatened to suspend the license of the mortgage payment collector and foreclosure specialist.