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US Orders Mortgage Servicer Ocwen to Help Borrowers with $2 Bln
Friday, December 20, 2013 5:37
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US orders mortgage servicer Ocwen to help borrowers with $2 bln Dec 19 (Reuters) – U.S. officials on Thursday ordered the largest nonbank mortgage servicer to provide $2 billion in help to underwater borrowers to resolve allegations of misconduct that led to thousands of people losing their homes. Ocwen Financial Corp must reduce loan balances … Read more
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Source: http://4closurefraud.org/2013/12/20/us-orders-mortgage-servicer-ocwen-to-help-borrowers-with-2-bln/?utm_source=rss&utm_medium=rss&utm_campaign=us-orders-mortgage-servicer-ocwen-to-help-borrowers-with-2-bln
Servicer, are only making money from fees that are paid by the orginator of the loans. When a loan goes into foreclosure and etc. the more money is made by them. Modifications they do not make anything so why work with the borrowers. Payment plans that are created never work because they ask the borrowers to make double payments which they can not do so what is the next step foreclosure. More money for the attorney(s). http://creditspoint.com/