Posted in Legal News

Report: Investors Move Toward Potential Ocwen Lawsuit – DSNews

Ocwen is not the only one.  The investors should also take a very close analysis of the investor reports submitted by Select Portfolio Servicing, Inc.

In a public release, law firm Gibbs & Bruns LLP said a “lengthy investigation and analysis by independent, highly qualified experts” turned up multiple instances of Ocwen’s failure to perform, including use of trust funds to pay borrower relief obligations through modifications on trust-owned mortgages; conflicts of interest with affiliate companies; failure to maintain adequate records and communications with borrowers; and “[e]ngaging in imprudent and wholly improper loan modification, advancing, and advance recovery practices;” among others.

via Report: Investors Move Toward Potential Ocwen Lawsuit – DSNews.

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