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Stock impact report

The reverse mortgage lenders with the most consumer complaints in 2023 [Yahoo! Finance]

Ocwen Financial Corporation NEW (OCN) 
Last ocwen financial corporation new earnings: 5/2 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
during the calendar year 2023, according to a consumer complaint database maintained by the Bureau. Of those complaints, 167 had to do with “trouble during the payment process,” while other topics included payment issues (80), closing issues (63) and application problems (49). Breaking down 2023 complaint data The total complaint figure is down from 425 recorded reverse mortgage complaints in 2022 and 386 in 2021, but is higher than the 2020 figure of 247. These are customer-submitted complaints and only indicate that dissatisfaction of some kind has taken place. The overwhelming majority of the 2023 complaints saw complainants receive a timely response from the company (355) and were closed with an explanation (353). Sixty of the complaints received responses from the companies to both the consumer and the CFPB that the company elected not to share publicly. Unsurprisingly, the highest concentration of reverse mortgage complaints came from California , the state that has lo Show less Read more
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