Mortgage Companies/Servicers Get Blasted
(August 13th, 2009 under Cases )Bankruptcy Judges and Trustees are weighing in on mortgage companies’ and servicers’ tactics and strategies and the results are not pretty. “This May, Judge Elizabeth Magner in Louisiana said her review of multiple cases involving Ocwen Loan Servicing had shown the servicer regularly acted in ‘bad faith.’ The judge said Ocwen had charged improper fees and attempted to collect bankruptcy-related fees after the court closed a case. In one of the cases, Ocwen took 10 months to provide a full accounting of fees.”
Here is a link to this article which has links to Court opinions and articles on this topic: http://www.propublica.org/ion/bailout/item/bankruptcy-judges-justice-dept.-rip-mortgage-companies-811
Michael
This entry was posted on Thursday, August 13th, 2009 at 1:04 pm and is filed under Cases .
