Nevadans to benefit from Ocwen mortgage deal

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 12/20/2013 12:13 am

CARSON CITY, Nev. (AP) — Some Nevada homebuyers will see mortgage relief through a national settlement announced with Ocwen Financial Corp.

State Attorney General Catherine Cortez Masto says the Atlanta-based loan mortgage servicer will provide about $32.7 million in principal reduction for Nevada borrowers.

The deal was announced Thursday by the Consumer Financial Protection Bureau and 49 state attorneys general.

Regulators said Ocwen pushed borrowers into foreclosure through illegal actions, such as failing to promptly and accurately credit mortgage payments.

Consumers with valid claims also may be eligible for a cash payment, expected to exceed $1,000.

 

©2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share
0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

No comments yet!
NEWSCASTS ON DEMAND
WATCH OUR LIVE NEWSCAST

What's On

All content © Copyright 2014 Intermountain West Communications Company. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
You may also view our Sitemap

Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.