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Tuesday, October 20, 2026

Ocwen, Banks Agree to Settlement in Mortgage Fraud Lawsuit (2) - Bloomberg Law News

Ocwen Loan Servicing and several banks reached a settlement with two whistleblowers alleging that the companies defrauded a federal mortgage program in violation of the False Claims Act.

The parties filed a joint stipulation with prejudice Tuesday with the US District Court for the Eastern District of Texas. The US government consented to dismissal of the suit, the filing said. Terms of the settlement weren’t made available. Counsel for the whistleblowers declined to comment.

“While we vigorously disagreed with the allegations in this legacy matter, which related to the U.S. Government’s HAMP program that ended in 2016, we are pleased ...

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