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$2.1 Billion Mortgage Settlement with Ocwen Loan Servicing

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Attorney General Kamala D. Harris has announced a $2.1 billion multistate and federal settlement with Ocwen Financial Corporation and Ocwen Loan Servicing, LLC (Ocwen) over alleged mortgage servicing misconduct.

The settlement makes California homeowners eligible to receive up to $268 million in first lien principal reductions and nearly $23 million in cash payments to borrowers.

“This settlement will help homeowners who’ve been misled while trying to modify their Ocwen mortgages,” said Harris, “But our work isn’t done. Too many California families are still coping with uncooperative banks and mortgage service providers. My office will continue to fight on their behalf.”

The settlement resolves allegations that Ocwen engaged in robo-signing, “dual tracking” of borrowers seeking loan modifications, and other misconduct in the course of its mortgage servicing activities. The settlement also resolves similar allegations against Homeward Residential, Inc. and Litton Loan Servicing, LP, which Ocwen acquired.

Ocwen holds nearly 390,000 loans in California, of which 12% are underwater. Ocwen holds approximately 6% of all California underwater loans.

The national settlement requires Ocwen to pay $125 million to borrowers whose homes were foreclosed between 2009 and 2012 and commit to $2 billion in first lien principal reduction loan modifications over the next three years. The Consumer Financial Protection Bureau was the lead agency for the negotiations. The settlement was signed by 49 states and the District of Columbia, including California.

Joe Smith, who served as the Monitor for last year’s National Mortgage Settlement, will monitor the settlement nationally and Katie Porter, who heads the California Monitor’s office, will monitor the settlement in California.

The Ocwen settlement does not grant immunity from criminal offenses and would not affect criminal prosecutions. The agreement does not prevent homeowners or investors from pursuing individual, institutional or class action civil cases. The agreement also preserves the authority of state attorneys general and federal agencies to investigate and pursue other aspects of the mortgage crisis, including securities cases.

In some cases, Ocwen will contact borrowers directly regarding principal reductions. However, borrowers should contact Ocwen to obtain more information about principal reductions and whether they qualify under terms of this settlement. A settlement administrator will contact qualified borrowers associated with foreclosed loans regarding cash payments.

For more information about the settlement, CA Ocwen borrowers can call 1-800-337-6695 and email ConsumerRelief@Ocwen.com. The California Department of Justice also have more information at oag.ca.gov.

 

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Black History

HISTORY MADE: Keisha Lance Bottoms Becomes First Black Woman Elected Governor in American History

ATLANTA DAILY WORLD — History has been made in Georgia. Keisha Lance Bottoms, the former mayor of Atlanta, has been elected governor of Georgia, becoming the first Black woman in American history to win the highest executive office in any state.

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Keisha Lance Bottoms during her 2026 Democratic gubernatorial primary victory speech. Photo: Sikis2021 / Wikimedia Commons.

History has been made in Georgia. Keisha Lance Bottoms, the former mayor of Atlanta, has been elected governor of Georgia, becoming the first Black woman in American history to win the highest executive office in any state.

Bottoms’ victory over Republican businessman Rick Jackson represents a defining moment in American politics, breaking a barrier that has stood since the nation’s founding and placing Georgia at the center of a historic political transformation.

For generations, Black women have played a critical role in American democracy, organizing communities, leading movements, mobilizing voters and shaping public policy. Yet despite their contributions, no Black woman had ever been elected governor of a U.S. state.

Until now.

Bottoms’ election also makes her the first woman and first Black person elected governor of Georgia, a state whose political history has been deeply shaped by slavery, segregation, the civil rights movement and the long struggle for equal representation.

Her victory carries particular significance in a state where Black women have been among the most influential forces in voter registration, political organizing and Democratic electoral success.

A fifth-generation Georgian, Bottoms previously served as Atlanta’s 60th mayor from 2018 to 2022. During her administration, she led the city through the COVID-19 pandemic, nationwide protests over racial injustice and a period of significant economic and population growth.

Following her time as mayor, Bottoms served as a senior adviser in President Joe Biden’s administration before returning to Georgia politics to pursue the governorship.

Her campaign focused on expanding access to health care, strengthening public education, increasing wages and addressing the rising cost of living. She also advocated for expanding Medicaid, raising Georgia’s minimum wage to $15 an hour and increasing compensation for teachers and other public employees.

Bottoms faced Jackson, a wealthy health care executive who invested heavily in his campaign and positioned himself as a political outsider. The contest drew national attention as Democrats sought to reclaim the Georgia governor’s office after more than two decades of Republican control.

The historic nature of Bottoms’ victory extends well beyond party politics.

Georgia, once at the center of some of America’s most consequential civil rights battles, has now elected a Black woman to lead its state government. It is a milestone that reflects generations of political participation, organizing and leadership by Black Georgians.

For Atlanta, the moment is especially significant. A former mayor of the city that helped shape the modern civil rights movement will now lead the entire state.

Bottoms’ election opens a new chapter in Georgia’s political history and establishes a milestone that will be remembered far beyond the 2026 election.

For continuing election coverage and results, visit AtlantaDailyWorld.com/election26.



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Activism

Oakland Post: Week of October 28 – November 3, 2026

Oakland Post: Week of October 28 – November 3, 2026

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Oakland Post: Week of October 21 – 27, 2026

Oakland Post: Week of October 21 – 27, 2026

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