The following statement was released today by Jeffery Markowitz, vice president of government and industry relations, Freddie Mac in support of the Columbus, Ohio launch of the “Loan Modification Scam Alert” campaign by a coalition of federal agencies, non-profit organizations, and Freddie Mac: “Loan modification fraud is nothing less than a pre-meditated attack on our communities and the housing recovery.Read more

Almost half of the trial mortgage modifications converted to permanent modifications for distressed homeowners under the Treasury Department's Home Affordable Modification Program (HAMP) are attributable to Ocwen Loan Servicing LLC, the principal subsidiary of Ocwen Financial Corporation.Read more