Despite legal drama, keep making your payments to Ocwen, state DFI says

However, Ocwen is now saying I owe almost $11,000 instead of the $6,600 it should be from accumulated late payments, and will not accept any payments less than that amount. I sent in one check a few months ago and they sent it back uncashed.

Make reduced payments or no payments for a specific period of time (for example, six months). During this time your mortgage will become increasingly delinquent. Allows you time to improve your financial situation and possibly qualify for another option, such as a modification, upon completion of the forbearance plan.

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Where do I send my payments? Mail your payments to the following address: chapter 13 Trustee, Jon M. Waage P.O. Box 260 Memphis, TN 38101-0260 Do not bring or mail your payments to the trustee’s office. This will only delay your account being credited. What form must the payments be in? Personal checks will not be accepted by the trustee.

State and federal authorities,including those in Nebraska, are suing Ocwen Financial Corp., saying the company botched the handling of millions of mortgage accounts.

Despite legal drama, keep making your payments to Ocwen, state DFI says Ocwen is under fire in a lawsuit by state and federal regulators that says the company mishandled millions of mortgage accounts. Despite legal drama, keep making your payments to Ocwen, state DFI.

Ocwen to Pay $2.1 Billion to 49 States. California’s share of the settlement is estimated at $268 million. The lawsuit stems from Ocwen’s acquisition of two mortgage servicers, Litton Loan Servicing, LP and Homeward Residential, Inc., in 2011 and 2012, respectively. Ocwen was liable for prior malfeasance. "As described in the allegations below,

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Regulators sue Ocwen Financial, say it mishandled mortgages. The company is one of the nation’s largest non-bank mortgage servicers, focusing mostly on subprime and delinquent mortgages, handling 1.4 million mortgages in all 50 states as well as Washington, D.C., worth roughly 9 billion.