A $50,000 money judgment was issued against Ocwen Loan Servicing, LLC., and CIT Bank, N.A., formerly known as OneWest Bank, N.A. The judgment required the banks to pay a San Francisco Bay Area couple $50,000. The banks also agreed to remove mortgage delinquencies from the couples credit report regarding the Ocwen and OneWest Bank mortgage loan. The court judgment came after Alex and Maria Lopez … [Read more...]
credit report error
Mixed Credit Report Leads to $18.6 million dollar verdict
A credit reporting agency cannot mix your credit report with someone else's. This is referred to as a “mixed credit report” or “mixed credit file”. The Fair Credit Reporting Act requires the credit reporting agencies to assure the maximum possible accuracy in its credit reports. Mixing your credit file with someone else is not maximum possible accuracy. A mixed credit report can lead to credit … [Read more...]