866-216-4126

Ocwen

Sub-Prime Mortgage Servicer Ocwen fabricates Mortgage Documents

18 Comments / foreclosure / By

Ocwen is the bottom-feeder of mortgage servicing companies.  Most survey’s rank Ocwen as the absolute worst in customer service and accountability including consumer research by J.D. Powers.  Ocwen acts as a debt-collector and our experience at LendingLies is that Ocwen often cannot identify the true creditor or provide any documentation demonstrating who owns the loan.  …

Sub-Prime Mortgage Servicer Ocwen fabricates Mortgage Documents Read More »

David Dayen: The CFPB Just Sued a Crooked Mortgage Servicer, but Indicted Itself

10 Comments / foreclosure / By

The lawsuit against Ocwen is welcome, but should have happened four years ago. By David Dayen In December 2013, the Consumer Financial Protection Bureau and 49 states issued a $2.1 billion consent order against Ocwen, one of America’s largest mortgage companies, for “violating consumer financial laws at every stage of the mortgage servicing process.” Three …

David Dayen: The CFPB Just Sued a Crooked Mortgage Servicer, but Indicted Itself Read More »

Injured by Ocwen? Take Action Now!

9 Comments / foreclosure / By

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 …

Injured by Ocwen? Take Action Now! Read More »

CFPB Lawsuit: Ocwen fails Borrowers at every state of Mortgage Servicing Process

3 Comments / foreclosure / By

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 »

Miami Judge: No Transaction=Unclean Hands. Judgment for Homeowner with Sanctions.

12 Comments / foreclosure / By

It’s time to sit up and take notice. Judges are turning the corner and getting pretty angry about what passed before as evidence. In April this order seemed like a shot in the dark. But now, we are seeing more and more judges actually study the chain of alleged transactions relied upon those who seek …

Miami Judge: No Transaction=Unclean Hands. Judgment for Homeowner with Sanctions. Read More »

ICYMI: Ocwen given OK to move forward on 17,000 foreclosures

15 Comments / foreclosure / By

What happened with Metric 31? Editor’s Note: This “go-ahead” may be why many LivingLies readers have recently received random notifications from Ocwen that they didn’t qualify for a loan modification when they never applied for one.  In the past several months, borrowers have informed LendingLies that they received random notices from Ocwen that appeared to …

ICYMI: Ocwen given OK to move forward on 17,000 foreclosures Read More »

Just another Friday: NY Servicers Dealt Blow- Ocwen's $30 Million Settlement

4 Comments / foreclosure / By

http://www.mortgagenewsdaily.com/channels/pipelinepress/06242016-mortgage-servicing.aspx   by: Rob Chrisman NY Servicers Dealt Blow; Ocwen’s $30 Million Settlement; Brexit: Renegotiations and Margin Calls? At Happy Hour tonight, besides talking about refis, you can throw this one out: the number of homes worth $1 million has doubled in the last 4 years. Of course 2012 was pretty much the bottom of the …

Just another Friday: NY Servicers Dealt Blow- Ocwen's $30 Million Settlement Read More »

Modification Abuse: Ocwen, Homeward Dishonest in Handling Modifications

16 Comments / foreclosure / By

The incentive payments from the Federal government for HAMP modifications were merely used for profit, bonuses and the like. No attention was paid to HAMP modifications except in rare instances where the banks thought it prudent to at least make it appear as though they were following HAMP guidelines when they clearly had no interest …

Modification Abuse: Ocwen, Homeward Dishonest in Handling Modifications Read More »

HSBC v Buset: Dirty Deeds Done Dirt Cheap

37 Comments / foreclosure / By

By William Hudson Buset-Final-Order-Granting-Mtn-for-Involuntary-Dismissal CASE NO.: 12-38811 CA 01 HSBC v BUSET JUDGE: BEATRICE BUTCHKO The Honorable Judge Beatrice Butchko of Florida’s 11th Judicial Circuit, Dade County, Florida granted an involuntary dismissal against Plaintiff HSBC for unclean hands, lack of competent evidence and an order to show why plaintiff shouldn’t be sanctioned for fraud upon …

HSBC v Buset: Dirty Deeds Done Dirt Cheap Read More »

The Beginning or the End for Loan Servicer Ocwen?

21 Comments / foreclosure / By

By William Hudson Ocwen Financial, one of the largest subprime mortgage servicers in America, has big problems. Analysts predict that Ocwen will be forced to file bankruptcy as the SEC opens up two more investigations into the loan servicers business practices while the stock goes into free-fall. A further hurdle will befall homeowners if Ocwen …

The Beginning or the End for Loan Servicer Ocwen? Read More »

Ocwen: Investors and Borrowers Move toward Unity of Purpose!

37 Comments / foreclosure / By

For further information please call 954-495-9867 or 520-405-1688 Please consult an attorney who is licensed in your jurisdiction before acting upon anything you read on this blog. ================================== Anyone following this blog knows that I have been saying that unity of investors and borrowers is the ultimate solution to the falsely dubbed “Foreclosure crisis” (a …

Ocwen: Investors and Borrowers Move toward Unity of Purpose! Read More »

Bondholders Clash With Ocwen Over Bad Servicing

40 Comments / foreclosure / By

For Further information please call 954-495-9867 or 520-405-1688 ========================== see http://dealbook.nytimes.com/2015/01/26/ocwen-and-bondholders-clash-over-mortgage-services/?_r=0 And if you are in the mood to drill into Ocwen’s Business, see http://www.sec.gov/Archives/edgar/data/1513161/000119312513024292/d474092dex991.htm Every once in a while you get a peek at what is really happening behind the scenes. The view from here is startling sometimes even to me. Here we have …

Bondholders Clash With Ocwen Over Bad Servicing Read More »

Adam Levitin on Backdating: A Pattern of Conduct at Ocwen and Other Players in the Foreclosure Frenzy

20 Comments / foreclosure / By

see also http://themreport.com/news/government/01-13-2015/california-moving-suspend-ocwens-mortgage-license Adam Levitin has definitely established himself as one of the more respected figures in analyzing and commenting on mortgage and foreclosure practices. In this article below, he reveals the fraudulent nature of even the most benign looking foreclosures. Various parties, including Ocwen which he cites in particular, regularly backdated denials of modification …

Adam Levitin on Backdating: A Pattern of Conduct at Ocwen and Other Players in the Foreclosure Frenzy Read More »

Ocwen Settlement with NY AG Could Spell Doom for Servicers

22 Comments / foreclosure / By

For further information please call 954-495-9867 or 520-405-1688 ====================================== The new settlement with New York’s Department of Financial Services calls for resignation of the Chairman (Erbey), payment of a $100 million fine, Payment of $50 million in restitution to borrowers who were wrongfully foreclosed, and a set of rules requiring Ocwen to help borrowers avoid …

Ocwen Settlement with NY AG Could Spell Doom for Servicers Read More »

Wisconsin BKR Judge Orders Wells Fargo to Disgorge Payments It Received

39 Comments / foreclosure / By

For further information please call 954-495-9867 or 520-405-1688 ========================== Hat tip to anonymous The full case was 25 pages, I redacted to about 4 below, but very substantial topics and analysis on this similar to Rivera in full version. – A win on recovery of mortgage payments made to Wells, $73,000. – Loss on recovery of …

Wisconsin BKR Judge Orders Wells Fargo to Disgorge Payments It Received Read More »

Judge Zloch Deals Blow to Wells Fargo and Ocwen on Trial by Jury

23 Comments / CASES, Corruption, evidence, foreclosure, foreclosure defenses, foreclosure mill, GARFIELD KELLEY AND WHITE, GTC | Honor, Investor, MBS Trustee, Pleading, Servicer, Title, Trust Beneficiaries, trustee / By

In a short written opinion Judge William J Zloch, formerly of Notre Dame football fame (quarterback and wide receiver) dealt a huge blow to bankers pretending to be lenders and servicers pretending to be bankers. For him the issue was simple. And he is right. His opinion contains irrefutable logic. Ocwen wanted to escape trial …

Judge Zloch Deals Blow to Wells Fargo and Ocwen on Trial by Jury Read More »

FDCPA Strikes Again: West Virginia Slams Wells Fargo

18 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

YARNEY v. OCWEN LOAN SERVICING, LLC, Dist. Court, WD Virginia 2013 SARAH C. YARNEY, Plaintiff, v. OCWEN LOAN SERVICING, LLC, ET AL., Defendants. No. 3:12-cv-00014. United States District Court, W.D. Virginia, Charlottesville Division. March 8, 2013 MEMORANDUM OPINION NORMAN K. MOON, District Judge. The Plaintiff Sarah C. Yarney (“Plaintiff”), pursuant to Fed. R. Civ. P. 56, …

FDCPA Strikes Again: West Virginia Slams Wells Fargo Read More »

They are AT It Again: Ocwen Securitizing Gov.-Backed Mortgages

32 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage / By

Just in case you were wondering if anything is changing in the world of finance, the answer is no, not really. Ocwen here is announcing that they are securitizing mortgages backed by the government, and selling the pieces to investors, who really ought to know better by now. They are doubling down on a failed …

They are AT It Again: Ocwen Securitizing Gov.-Backed Mortgages Read More »

It's Down to Banks vs Society

37 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

Featured Products and Services by The Garfield Firm NEW! 1/2 Day CLE Workshop for Paralegals and Lawyers with Neil Garfield: Building a case book for each client that saves time rather than takes time. NEW! 2nd Edition Paralegal-Attorney Workbook,Treatise & Practice Manual ——–>SEE TABLE OF CONTENTS: WHOSE LIEN IS IT ANYWAY TOC LivingLies Membership – …

It's Down to Banks vs Society Read More »

Fine Print: The Real Story on the "$25 Billion" Multistate Settlement

27 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

Featured Products and Services by The Garfield Firm NEW! 1/2 Day CLE Workshop for Paralegals and Lawyers with Neil Garfield: Building a case book for each client that saves time rather than takes time. NEW! 2nd Edition Paralegal-Attorney Workbook,Treatise & Practice Manual ——–>SEE TABLE OF CONTENTS: WHOSE LIEN IS IT ANYWAY TOC LivingLies Membership – …

Fine Print: The Real Story on the "$25 Billion" Multistate Settlement Read More »

State Programs with Real Money Going Unused

33 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

Featured Products and Services by The Garfield Firm NEW! 1/2 Day CLE Workshop for Paralegals and Lawyers with Neil Garfield: Building a case book for each client that saves time rather than takes time. NEW! 2nd Edition Paralegal-Attorney Workbook,Treatise & Practice Manual ——–>SEE TABLE OF CONTENTS: WHOSE LIEN IS IT ANYWAY TOC LivingLies Membership – …

State Programs with Real Money Going Unused Read More »

Scroll to Top