I just got a letter from Ocwen stating that they are willing to offer a loan modification which would cut our loan payment in half. The terms are 3.95% for the next five years. According to Ocwen, this would help improve our credit score and they would avoid certain future late fees. I am perplexed as to why Ocwen all of a sudden is willing to work with us. I do not know if we should sign the paperwork or wait for a better offer. From the boards I have read, it seems as though everyone is suing Ocwen. Can anyone shed light on if this is a good deal or a scam?