Independent Declaration Refutes Individual States Against Financial Servicer Ocwen
Research of Duff & Phelps, a global corporate valuation and financial consultative agency, refutes states made in a lawsuit put of the a team of people in the Ocwen Financial Corp. your home loan servicer don't properly collect costs for the $82 billion off lenders.
The company adds it can easily maybe not discover people facts to end fundamentally one to Ocwen generated high and you can foolish changes

The lawsuit, registered into the legally organization Gibbs & Bruns on behalf of investors you to apparently include BlackRock, MetLife and you will Pimco, states one a long analysis and you will studies by separate, highly certified pros determined that Ocwen had failed to manage, into the material respects, their contractual loans once the servicer and you may/or master servicer.
The group out-of investors sent a notification from nonperformance in order to Ocwen as well as the trustees to have 119 domestic financial-backed bonds trusts that exact same few days, asserting one Ocwen bankrupt the agreements if this observed conflicted upkeep methods one to graced Ocwen's corporate affiliates, and Altisource Profile Choice and you may Mortgage Upkeep Possibilities, into detriment of your own trusts, dealers and you will individuals, predicated on an announcement about law firm during the time.