By K.K. MacKinstry Ocwen has admitted that its mortgage servicing policies and loan processing systems are a “trainwreck”. As regulators and the Consumer Fraud Protection Bureau (CFPB) tighten the noose on Ocwen, we recommend that Livinglies readers who have experienced issues with Ocwen contact their state Attorney General offices, the CFPB, state banking regulators and …
Around the U.S., deed theft has emerged as one of the most sophisticated and devastating frauds ever to menace homeowners. By MATT SEDENSKY http://www.wcvb.com/article/foreclosure-scams-are-stealing-victims-homes/9534919 NEW YORK —The phone call came as Raymond Murray neared the bottom of his luck. His wife had died, his career had been ended by injuries, and struggling to get by …
by David McLaughlin and Matt Scully April 20, 2017, 12:53 PM EDT April 20, 2017, 6:44 PM EDT Shares of mortgage collection company tumble most on record Consumer Financial Protection Bureau alleges widespread errors Ocwen Financial Corp., one of the nation’s largest processors of consumer mortgage payments, was rocked Thursday by fresh allegations it mishandled accounts …
Subprime Mortgage Giant Ocwen Rocked by U.S. Suit Claiming Mishandling Read More »
By K.K. MacKinstry, LendingLies CFPB claims “widespread errors, shortcuts, runarounds cost borrowers money, homes” Ocwen is in its death throes. Not only did 20 state banking regulators issue cease-and-desist orders but the Consumer Financial Protection Bureau also took action citing Ocwen Financial for “failing borrowers at every stage of the mortgage servicing process.” Ocwen Financial …
CFPB Lawsuit: Ocwen fails Borrowers at every state of Mortgage Servicing Process Read More »
