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Mortgage pressure group calls for repossessions to be stopped

A mortgage pressure group is writing to the Lord Chancellor calling him to halt mortgage repossessions by sub-prime lenders Ocwen.


The National Association of Mortgage Victims says the borrowers were miss-sold loans by the now defunct City Mortgage Corporation, which was taken over by Owcen.


The association claims Ocwen are unlawfully repossessing homes to minimise their losses even though they do not have the full title on the properties.


It says: &#34Their actions are criminal and should be dealt with accordingly. They have re-registered some 50,000 properties in total in order to fool the courts and the borrowers.


&#34Re-registering will serve no useful purpose as the loans did not belong to CMC and therefore were not their&#39s to sell on. Until a successful test case proving title has been won all the loans are unenforceable.&#34

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