Lawsuit: Ocwen sent false reports to consumer credit agencies

A homeowner in California is asking the Ninth Circuit to revive his putative class action lawsuit against Ocwen Loan Servicing for submitting false information to credit agencies.

The owner alleges that Ocwen Loan Servicing, part ofOcwen Financial (OCN), told credit agencies that foreclosed-on homeowners were still liable for the unpaid balance of their mortgage loans after the homes were sold.

Jeffrey Kuns in his suit argues that the California Consumer Credit Reporting Agencies Act prohibits “deficiency liability” in these circumstances.

Kuns’ initial suit in California court, filed in July 2012, says he bought a home in Nevada City, California, in June 2005 with a mortgage serviced by Ocwen.

Read on.

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