Some Vermonters to benefit from mortgage servicer settlement - WCAX.COM Local Vermont News, Weather and Sports-

Some Vermonters to benefit from mortgage servicer settlement

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BURLINGTON, Vt. -

Some Vermonters will benefit from a $2 billion settlement with one of the nation's largest mortgage servicers.

The agreement between Ocwen Financial Corporation and 49 states, including Vermont, was announced Thursday.

Regulators say Ocwen pushed borrowers into foreclosure through illegal actions, such as failing to promptly and accurately credit mortgage payments.

Included in the deal is a combined $125 million refund to about 185,000 borrowers who were foreclosed upon.

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