Fla. Judge Questions Ocwen, PHH's $12.6M Class Deal

Law360 (March 23, 2021, 9:36 PM EDT) -- A Florida federal judge voiced numerous reservations in weighing a proposed $12.6 million nationwide class settlement over allegedly unlawful fees Ocwen Loan Servicing LLC and successor PHH Mortgage Corp. charged borrowers to make online and phone payments, including consumers' lack of market choice.

U.S. District Judge Rodney Smith did not issue a ruling during a telephonic hearing on Tuesday in which he heard arguments in favor of the agreement from the two companies and the plaintiffs, as well as objections from another group of borrowers, a consortium of 33 state attorneys general and the federal government who contend the proposed deal...

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