The Traderszone Network

Published in TZ Latest News 26 January, 2015 by The TZ Newswire Staff

Ocwen calls investor claims baseless

The investors claim that Ocwen performed worse than other servicers each year from 2009 through 2013 and that the trusts suffered losses of more than $1 billion because of the company’s deficient performance, according to a copy of the notice reviewed by Reuters. The investor group’s claims stem from its special interests and are not in the best interests of the trusts as a whole, a lawyer for Ocwen said in a letter dated Jan. 26.

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