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

California – ya gotta be proud!

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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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4 thoughts on “CA Attorney General Kamala D. Harris Announces $2.1 Billion Mortgage Settlement with Ocwen

  1. Looks great but nothing big that is fair to the homeowners like returning their stolen houses to them or stopping foreclosure on them has happened. I will cheer in the streets and party when justice is done. Small checks for stolen houses or new loans with fraud servicers is not justice. It appears the investors have got to know by now, the cons have entered nothing into the securities pools. Read the Securities Exchange Act showing violation of this act by the hands of the banks servicers and especially MERS have made the notes Void by the Securities Exchange Act in my unprofessional opinion. I will send Virginia copies of this Act and more to post. It is on pdf for me and I do not have the know how to change it to a format to post here. See if you see what I see.

  2. Elizabeth Warren’s Consumer Financial Protection Bureau and 50 State Attorney Generals, including Hawaii) issued a $127.3 million Consent Judgement against Ocwen in Dec 2013. It includes a $2 billion ‘relief’ fund and many stipulations about production of documents, including the original note. Would love to hear your thoughts.

  3. OCWEN’S FLIPPING EMBEZZLED PROPERTY FOR “CASH ONLY”!!!

    WARNING TO ALL REAL ESTATE AGENTS AND BUYERS AIDING & ABETTING IN A SECRET SECOND SCHEME

    Homeowners Gregory and Leslie Bushnell have been battling with Ocwen Loan Servicing, LLC for over a year now in a wrongful Unlawful Detainer Action where Ocwen and their Attorneys have knowingly filed false foreclosure instruments and declarations with the Superior Court of San Bernardino to illegally evict the Bushnell’s from their real property. These same foreclosure instruments that Ocwen and their Attorneys are fraudulently moving through the courts are the same foreclosure documents the Bushnell’s were awarded $38,750 from Litton Loan Servicing, LLP due to the wrongful foreclosure settlement conducted by the Federal Reserve. (settlement checks link: https://access-it-now.box.com/s/q9888zm51bkvl0v8epj3) Ocwen and their Attorneys have been made aware of the voided foreclosure instruments on numerous occasions, but are intentionally ignoring the voided instruments in order to hurriedly extinguish the “smoking gun”.

    Notwithstanding, the Bushnell’s have a Civil Case # CIVRS1001208 against the Financial Institutions for over 5 years with severe causes of action pending amendment for the Grand Theft of $118,800 in embezzled funds (“smoking gun”) – (“secret second”) stolen from the Bushnell’s real property by the employees of the Financial Institutions during a refinance of their home. (embezzled deed link: https://access-it-now.box.com/s/nzafji5cj22fp11md6vn)

    In the meantime Ocwen for the 3rd time is illegally trying to online auction (CASH ONLY!), undersell and flip the Bushnell’s lender embezzled property, where Ocwen’s has no legal right or authority to do so and is an outright crime! (online auction link: https://access-it-now.box.com/s/ty7mgie8lpmy2dzdz81a) The Bushnell family has been constantly harassed with people knocking on their door and fears the character of a person who would buy cash only “sight unseen” real property.

    Where do we go from here?

    Well, the Bushnell’s have found the smoking gun! The Consumer Financial Protection Unit was made aware of the wrongful acts of Ocwen et al., several times, over a year ago and has done nothing to criminally prosecute these wrongdoers. The government is ignoring the crime and its, “business as usual,” allowing Ocwen to continue to pursue its dirty deeds, victimizing homeowners. (CFPU complaint link: https://access-it-now.box.com/s/epgrf1j0yufy5o2zfml9)

    And the Bushnell’s like countless other homeowners have reached out to Attorney General, Kamala Harris to clean the courts several times with regards to the fraud infiltrated by the Financial Institutions, Attorneys and Judges in the California Courts. (Harris Notice link: https://access-it-now.box.com/s/kz7rlaso4ty5xkf7ve3t) Thus, nothing has been done to stop the homeowners due process abuse, where the courts are mills that are systematically set-up to dismiss Doe Defendant Financial Institutions and the Defendant homeowners are handed down writs and unlawfully evicted from their homes. This is not a just resolution for homeowners and the government needs to do something about this now!

    “We’re tired! We’re fed up! The American people need to know!”
    Advocates for Homeowners

    http://advocatesforhomeowners.blogspot.com/2014/01/ocwens-flipping-embezzled-property-for_8401.html

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