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State Of New York Awarded $150 Million In Foreclosure Settlement

State Of New York Awarded $150 Million In Foreclosure Settlement

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25+ years of practicing law. Founder of Estavillo Law Group. Juris Doctor degree from the Golden Gate University School of Law. Licensed to practice in California and Maine, and admitted in each of the United States District Courts within California and the Ninth Circuit Court of Appeals.

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California’s Real Estate & Foreclosure Law Experts

Published on Dec 27, 2014. Checked again/updated on Apr 23, 2024

Ocwen, an Atlanta-based firm, will pay New York’s Department of Financial Services (DFS) $150 million awarded due to their wrongful foreclosure activity.

According to a court filing, the lawsuit accused Ocwen of commiting fraud by overcharging borrowers in order to drive up its own profits. The suit stated that Ocwen’s practices “exemplify how America’s lending industry has run off the rails.”

More information about the Ocwen Foreclosure Settlement can be found by visiting Reuters.

If you are concerned about a foreclosure, please contact us for a free consultation while the law is still on your side.

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