Philadelphia, PA: A class action complaint has been filed on behalf of all Michigan homeowners whose mortgage loans have been serviced by Saxon Mortgage Services, Inc. and/or Ocwen Loan Servicing, LLC (collectively "Defendants"), and who, since April 13, 2009, (1) have entered into a Trial Period Plan ("TPP") contract with Defendants and made all payments as required by their TPP contract and complied with Defendants' requests for documentation, and (2) have not received or have been denied a permanent Home Affordable Modification Agreement that complied with the U.S. Department of the Treasury's Home Affordable Modification Program (" HAMP ") rules.
The Complaint alleges that Saxon Mortgage Services, Inc. and Ocwen Loan Servicing, LLC agreed to participate in HAMP, and are obligated to modify mortgage loans they service for homeowners who qualify under HAMP, a federal program designed to abate the foreclosure crisis by providing mortgage loan modifications to eligible homeowners. The lawsuit alleges that Defendants systematically slow or thwart homeowners' requests to modify mortgages in order to collect higher fees and interest rates associated with stressed home loans.
Members of the proposed class applied for HAMP loan modifications from Defendants, were prequalified for the program, and received TPP contracts calling for them to make three modified loan payments and submit certain financial documentation if they had not already done so. Despite fulfilling these obligations under the TPP contracts with Defendants, they did not receive permanent HAMP modifications of their loans, nor did they receive timely written notifications explaining the reasons for Defendants' denials.
Saxon Mortgage Services Class Action Legal Help
If you or a loved one has suffered damages in this case, please fill in our form on the right and your complaint will be sent to a lawyer who may evaluate your claim at no cost or obligation.
I need help Saxon Mtg said they would help us, my husband lost his job in 2007, I called Saxon Mtg, they asked for bank statements etc and said they would help us so we wouldn’t lose our home. They did nothing they never even tried to help us out home was sold on court house step’s January 2008! I called several times begging them to open my file they said they did not have time! We lived in our home 8 years paying out mtg on time all the time up until my husband lost his job, he had a job within 30 days of me asking for help, they took our home and money. I paid my house pmt + 1/2 of the payment so I could pay the house off in 15 years! They stole my home and money can you help
Thank you
Cynthia Johnson
P.S. there is so much more I can tell you but very hard in a text message! If there is a class action law suit I fell I have a case.
Posted by Janice Smith-Brown
on
I recently found this law suit. I had an issue with refinancing my loan. Our mortgage wad sold to Ocwen the very next month.
Posted by Alex and Stephanie Davis
on
Had a 15 year note with Saxon. Notified them of incorrect principle payments 2 years after they modified our loan. Never corrected. Never received snything from them snout cgsnges etc. When they finally replied their answer was do sell.my loan two years before finalizing. They chnged my mortgage to a 30 year note without notifying us or with our signatures. We notfied Ocwen who told us they would correct it. Two months before our mite finalized they sent us a note claiming we still had 30000 wing on a 35000 note. They tried to foreclose on our home and we have an attorney. They gave tried everything from we violated our loan to the loan was changed as the payments would not pay off the loan amount. But they set up the schedule.. we made our last payment in oct 2014. Since then they have managed to run the amount owing up to 50000 on a 15 year 35000 note. I was sutprised when I saw others having the same problem. Any suggesions onhow to proceed. We are in a fight to save our home.
Posted by Chris
on
I was defrauded by Saxon (HAMP), and now I hv a 50 yr loan with OCWEN!!??
In Maryland,
Posted by Dedra Stoudemire
on
I need help, I also have been frauded against by Saxon Mortgage and Ocwen mortgage. Not in regards to the HAMP program but still in relation to a foreclosure and improper filing of documents. I need an Attorney who is already familiar with their unlawful practices. Please help me.
Posted by Kalisha L Todd
on
I would like to know if they have a class action lawsuit Against Saxon Mortgage in Arkansas?
Posted by Lynwood Toole
on
Never received anything on this lawsuit! I closed in July 06 w Saxon mortgage. They sold my mortgage with in a couple of months to Ocwen mortgage. I have had this mortgage 10.5 yrs at 8.8%
Add Your Comment on This Issue
Request Legal Help
Please complete this form to request a review of your complaint by an attorney.
There is absolutely no cost to you to submit this form. Doing so places you under no obligations and does not establish an attorney-client relationship.
