Borrower Seeks Preliminary Approval Of Junk Fees Pact In Nearly Decade-Old Case

( January 12, 2024, 10:57 AM EST) -- SACRAMENTO, Calif. — A mortgagor who filed a class complaint alleging unlawfully marked-up fees against Ocwen Financial Corp. and Ocwen Loan Servicing LLC (together, Ocwen) in 2014, in part under the Racketeer Influenced and Corrupt Organizations Act (RICO) and California’s unfair competition law (UCL), filed a motion in a federal court in California seeking preliminary approval of a class settlement that will provide fee reimbursements to nationwide settlement class members and fee reversals or credits to members of a California settlement subclass....