El Dorado, Placer homeowners to receive millions in settlement
By Hudson Sangree and Mary Lynne Vellinga, Sacramento Bee
California borrowers, including those in El Dorado and Placer counties, could receive as much as $268 million from Ocwen Financial Corp., the nation’s fourth largest mortgage servicer, which specializes in subprime and delinquent loans.
A $2.1 billion settlement was announced Thursday between the mortgage servicing giant, the federal government and 49 states.
“This settlement will help homeowners who’ve been misled while trying to modify their Ocwen mortgages,” California Attorney General Kamala Harris said in a press release.
The AG’s office said Sacramento County borrowers could receive an estimated $13.5 million under the agreement. Placer County borrowers are slated to get $3.5 million; El Dorado borrowers, $1.8 million, and Yolo borrowers, $1.1 million, it said.
Meanwhile, the billionaire CEO skips off into the sunset. That guy needs to have his @$$ kicked-
I can’t believe the tan man from Country Wide Financial is still walking the earth.
Boy, do I agree with sunriser2!
No kidding, sunriser2! Where could that guy possibly be?!
possibly out buying another country?