You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Mass. homeowners to get $3 million in settlement

Massachusetts homeowners will receive $3 million in a settlement with the country’s fourth-biggest mortgage servicer, Attorney General Martha Coakley said Monday.

Coakley’s office said Ocwen Loan Servicing LLC, of Atlanta, unlawfully foreclosed on certain properties and failed to send notices to homeowners in default, as required by state law. A company owned by Ocwen, Litton Home Servicing LP, also initiated foreclosures on some properties though it did not hold the mortgages on them, Coakley alleged.

Continue reading below

“This agreement provides for direct relief for affected borrowers and requires that Ocwen undertake efforts to repair problem titles in the Commonwealth,” Coakley said in a news release.

Her office did not say how many homeowners would get payments. The company will pay a $700,000 penalty to the state.

In December, Ocwen agreed to give homeowners in Massachusetts about $80 million in mortgage-principal reductions and cash as part of a national $2.1 billion settlement. That case involved loan servicing misconduct and illegal foreclosures.

Ocwen officials could not be reached for comment.

Loading comments...
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.