CA Attorney General Kamala D. Harris Announces $2.1 Billion Mortgage Settlement with Ocwen

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CA Attorney General Kamala D. Harris Announces $2.1 Billion Mortgage Settlement with Ocwen

California homeowners eligible to receive an estimated $268 million in first lien principal reductions and nearly $23 million in cash payments
Thursday, December 19, 2013
Contact: (415) 703-5837

SAN FRANCISCO – Attorney General Kamala D. Harris today announced a $2.1 billion multistate and federal settlement with Ocwen Financial Corporation and Ocwen Loan Servicing, LLC (Ocwen) over alleged mortgage servicing misconduct.

The settlement makes California homeowners eligible to receive up to $268 million in first lien principal reductions and nearly $23 million in cash payments to borrowers.
 
“This settlement will help homeowners who’ve been misled while trying to modify their Ocwen mortgages,” said Attorney General Harris, “But our work isn’t done. Too many California families are still ‎coping with uncooperative banks and mortgage service providers. My office will continue to fight on their behalf.”

The settlement resolves…

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