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***CFPB Takes Action Against Ocwen Financial Corporation***
The U.S. Consumer Financial Protection Bureau has announced legal action against Ocwen Financial Corporation and its subsidiaries alleging gross misconduct in the servicing of millions of home mortgages nationwide. Ocwen services many thousands of home loans for New Hampshire consumers. For more information about this action and how it might affect you or your Ocwen-serviced loan, visit the CFPB website or call the New Hampshire Banking Department at 1-800-437-5991. For general information on mortgage servicers visit the Federal Trade Commission.

News and Events
Deputy Commissioner announced at Banking Department
April 24, 2017
Interest Payable on Escrow Accounts Announced
January 26, 2017

The escrow rate for the period February 1, 2017 through July 31, 2017 is 0.00%.

 

Pursuant to NH RSA 383-B:3-303(a)(7)(E), Gerald H. Little,

Bank Commissioner, announced the minimum interest rate payable on moneys on deposit in escrow accounts maintained for the payment of taxes or insurance premiums related to loans on property secured by real estate mortgages.

 

Said rate shall be 0.00% and shall be effective commencing February 1, 2017 and shall remain in effect until the next rate announcement on August 1, 2017.

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Banking Department
53 Regional Drive  |  Suite 200  |  Concord, NH 03301
(603) 271-3561  |  fax: (603) 271-1090 or (603) 271-0750