Brown Releases County-By-County Data of Ohio Complaints Against Abusive Mortgage Servicer

WASHINGTON, D.C. – (RealEstateRama) — U.S. Sen. Sherrod Brown (D-OH) – ranking member of the Senate Banking, Housing, and Urban Affairs Committee – applauded recent action by the Consumer Financial Protection Bureau (CFPB) against Ocwen Financial Corp. The CFPB alleges that Ocwen, one of the nation’s largest nonbank mortgage servicers, for years “engaged in significant and systemic misconduct at nearly every stage of the mortgage servicing process.” Ocwen has been the subject of several enforcement actions and more than 23,000 CFPB complaints, including 675 complaints from Ohioans.

Brown is Ranking Member of the Banking Committee, which has oversight jurisdictions over CFPB. Read more about the action CFPB is taking to protect Ohio homeowners from Ocwen’s abusive practices here.

“Time and again, big banks and mortgage servicers have taken advantage of millions of hardworking homeowners who are struggling to keep up with their mortgages,” said Brown. “This action sends an important message that this kind of outrageous abuse of homeowners won’t be tolerated. This is yet another example of why working families need a strong and independent CFPB.”

Below is a breakdown by county of complaints filed by Ohioans against Ocwen Financial. A consumer complaint database can also be found here.

*Note: zip codes with fewer than 20,000 residents are only partially identified in order to protect the privacy of those filing complaints.

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