NOTICE REGARDING THE CLASS ACTION SETTLEMENT

A Settlement has been reached in a class action lawsuit alleging that Ocwen Loan Servicing, LLC (“Ocwen”) and PHH Mortgage Corporation (“PHH,” and with Ocwen, “Defendants” or the “PHH Defendants”) violated the Rosenthal Fair Debt Collection Practices Act (“Rosenthal Act”) and the California Unfair Competition Law (“UCL”) by charging fees to borrowers for making loan payments by methods not specified for in their loan documents, such as by telephone, through interactive voice response telephone system (“IVR”), or through the internet (“Convenience Fees”).

A Settlement Fund of $7,000,000 has been established (the “Settlement Fund”), which will be distributed to Settlement Class Members (after first deducting costs of administration and any fees, expenses or service awards that the Court awards Plaintiff and the attorneys representing the Settlement Class (“Class Counsel”)). The Settlement Fund will be calculated and distributed on a loan-by-loan basis. The “Settlement Class” consists of all borrowers on residential mortgage loans with mortgaged property located in the State of California who, between July 26, 2015 and June 24, 2022, paid a Convenience Fee to Ocwen or between July 30, 2015 and June 24, 2022, paid a convenience fee to PHH to make a due and owing monthly payment over the telephone, by IVR, or online. Each such loan will be entitled to receive an Individual Allocation, calculated based on the proportion of Convenience Fees paid to and retained by PHH Defendants on that Class Loan on due and owing payments during the relevant time periods, as compared to the total aggregate amount of all Convenience Fees paid to and retained by the PHH Defendants. Your legal rights are affected whether you act or don't act so read this website carefully.

YOUR OPTIONS

Option 1: Do Nothing	If you do nothing, you will be entitled to receive an Individual Allocation from the Settlement Fund.
Option 2: Object Deadline: November 2, 2022	Object to the terms of the Settlement Agreement. You may object to the terms of the Settlement Agreement and have your objection heard at the November 16, 2022 Fairness Hearing.
Option 3: Exclude Yourself From the Settlement Deadline: November 2, 2022.	If you don't want to be part of the Settlement, you can exclude yourself or "opt out".