In Re Ocwen

ON REVIEW BY THE JUDICIAL PANEL ON MULTIDISTRICT LITIGATION

On March 1, 2007, we issued our order granting the Motion to Transfer Pursuant to Rule 13 filed by Ocwen Loan Servicing, LLC. This opinion sets out the basis for that decision.

BACKGROUND

Ocwen filed its motion to transfer before this panel on January 19, 2007, asserting that nine related cases presenting similar factual questions and identical legal claims are pending in seven Texas counties in nine different District Courts.1 Ocwen, which is in the business of servicing mortgage loans, asserts that the core allegations in the pending…