Berger & Montague has filed class action complaints in
federal courts in Michigan and Pennsylvania on behalf of homeowners
in those states whose mortgage loans have been serviced by Saxon
Mortgage Services, Inc. and/or Ocwen Loan Servicing, LLC. 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'
For more information about this case, please fill out our
contact form on the right or contact:
Todd S. Collins, Esq.
Kimberly A. Walker
BERGER & MONTAGUE, P.C.
1622 Locust Street
Philadelphia, PA 19103
Telephone: 1-888-891-2289 or 215-875-3000