Ocwen settles class action over mortgage interest tax breaks

(Reuters) – Ocwen Loan Servicing has agreed in principle to settle a nationwide class action accusing it of causing homeowners to lose valuable tax breaks by misreporting mortgage interest to U.S. tax authorities, according to a court filing on Wednesday.

“If the deal goes through, it will be very good for the class,” plaintiffs’ lawyer David Vendler at Morris Polich & Purdy said in an emailed message. Ocwen is represented by lawyers at Greenberg Traurig. A spokesman for Ocwen declined comment.

Read on.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s