Ocwen to Pay $3.7 Million to Massachusetts Over Failure to Provide Notices to Homeowners, Unlawful Foreclosures
Targeted News Service |
The nation's fourth largest mortgage servicer has agreed to pay
The assurance of discontinuance, filed in
"
The AG's Office alleges that Litton's unlawful conduct resulted in void foreclosures affecting the marketability and insurability of the titles. The Supreme Judicial Court ruled in the Ibanez decision that mortgagees must strictly comply with
Under the terms of the settlement,
Also as part of the agreement, Ocwen is required to properly execute documents filed in connection with foreclosure proceedings, and mail notices to residents that are in compliance with applicable statutes and regulations.
In December,
The National Mortgage Settlement, an agreement announced in
This matter was handled by
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