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This settlement is closed!
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Ocwen Loan Servicing has set aside $100 million to voluntarily settle accusations that borrowers may have received misdated letters from the company that resulted in a referral for foreclosure.
New York Department of Financial Services Superintendent Benjamin Lawsky initiated allegations against Ocwen of backdating potentially hundreds of thousands of letters to borrowers which was likely to cause them “significant harm.”
According to Lawsky, these borrowers received a letter from Ocwen which denied a mortgage loan modification and informed the recipient that they had 30 days to file an appeal. However, the letters were allegedly dated more than 30 days prior to the mailing date so that by the time borrowers received the denial, the 30 days to file an appeal had already passed.
In a statement given by Ocwen on the Misdated Letter Claim Program website, the company says it “sincerely regrets any difficulty these letters may have caused and is committed to preventing such errors in the future.”
Borrowers have until May 2, 2016 to file a Claim Form to receive payment from Ocwen. According to the loan company, the majority of claims are reviewed and processed within 180 days after submission.
UPDATE: On Oct. 24, 2016, Top Class Actions viewers who submitted timely and valid claims for the Ocwen misdated letters claim program started receiving checks worth as much as $2,000!
Who’s Eligible
Eligible Ocwen borrowers included in this program are all individuals who received a misdated letter between Jan. 1, 2012 and Dec. 31, 2014 and were subsequently referred for foreclosure.
Potential Award
$300 – $3,000
Individuals who believe they were negatively affected by the Ocwen misdated letter and submit a Claim Form are expected to receive a payment between $300-$3,000 per loan.
Proof of Purchase
N/A
To receive payment from this program, individuals must file a Claim Form. Those who are able to attach copies of Ocwen letter(s) showing the misdated document, will have their Claim Form processed quickly. Regardless, Claims will be considered even if documents are not provided.
Claim Form Deadline
05/02/2016
Case Name
N/A
Settlement Website
Claims Administrator
Ocwen Misdated Letter Claims
PO Box 4349
Portland, OR 97208-4349
877-919-9184
info@OcwenMisdatedLetterClaims.com
Fax: 1-844-898-4508
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124 thoughts onOcwen Misdated Letters Claim Program
I just spoke to Administrator for Ocwen settlement and the young lady stated that checks aren’t scheduled to go out until late 2016 and no checks have gone out. Anyone who has received a check from Ocwen so far must be for something else and not the misdated letter settlement.
Yeah I also called and was told the same thing.
Has anyone heard from Ocwen? The initial letter that was sent back in October 2015 they said it would be 180 days and have not heard anything since. Has anyone called or received anything in the mail?
I received my check on friday. It took almost 11 months.
Thanks for sharing Lor. Where are you located? I am in California and haven’t received anything.
Ohio. We filed our claim the day we received the info from ocwen. 10 1/2 months ago. Good luck! Hopefully you get yours soon!
I filed my claim back in October 2015 as well and haven’t received anything other than a confirmation letter. Glad to hear that checks are being mailed out.
what can we expect to get from them?
So everyones looking at another year to wait to receive a payment from Ocwens Misdated Letter snafu . . . Maybe 2017?
05/31/2016 – called Ocwen Misdated letter toll free number this morning and spoke to a representative. She confirmed they received my completed form and informed me that they will be processing claims 180 days from May 2nd deadline and check will be going out by the end of 2016.
Every time I call it’s a different story. I mailed my claim in October. I received a letter in December 15 saying they have all my information and I can expect a letter from them within 180 days of the December 15 letter. She told me by May 2.I called 6/7/2016 .Some guy said nothing will be sent out until the end of 2016. ANOTHER Misinform letter.
Has anyone heard from OCWEN regarding when we can expect checks to be mailed out?
I just received my settlement by mail today. Expect it any time soon.
Was it For the mis dated letters and how much can we accepted
Why do we have file out a claim form?! Ocwen knows who they have as customers and this is just another b.s. way of not following through with court orders. Still making customers jumping through hoops.
so true….worst company ever!!
Just an FYI. Most of the time it is the company (Ocwen) that is filing the class action lawsuit. IT clumps all the people together and they get away with paying a lot less and then they can not be sued by anyone else from this claim.
It is a pdf that you have to download and mail. It is not an online form.
How long after the claim end before receiving a payment?
I submitted my claim in october 2015 and I have not received anything yet. I emailed them several times and all I get are standard form emails that say the same thing everytime. It seems to me it will be a while even though it says on the form 180 days.
The website now says that they expect the forms will be reviewed within 180 days of the May 2,2016 deadline with payments expected in late 2016. This, of course, is much different from their initial statement that said they would review the claims within 180 days of receiving them.
Claim form does not appear when I——— click here to file a claim.
claim form not working