November 29th, 2010 
davidguide There is no ruling yet in Ocwen Loan Servicing LLC’s challenge to a loss-mitigation program instituted last year by the U.S. Bankruptcy Court in Providence for lenders and debtors at risk of foreclosure. A hearing on the challenge by Ocwen and PHH Mortgage Corp. was held this month before a U.S. bankruptcy judge. The servicers are objecting to requests by debtors in two Chapter 7 bankruptcy cases for loss-mitigation orders on the basis that the court had no legal standing to implement the loss-mitigation program.
View full post on Mortgage Stories
Posted in 
Tags: 
