Ocwen on the Hot Seat — Again

“Ocwen has repeatedly made mistakes and taken shortcuts at every stage of the mortgage servicing process, costing some consumers money and others their homes,” CFPB Director said in a statement.

[Editor’s Note: When will the agencies address the elephant in the living room: Ocwen is not making mistakes. It is making facts that don’t exist in the real world. Why? Because Ocwen is just one player in a very large scheme constructed to create the illusion that the debt exists in the hands of those who are seeking to collect, process and enforce it. It doesn’t. ]

see https://valliantnews.com/2019/11/15/ocwen-accused-by-u-s-state-agencies-of-mortgage-servicing-violations/

see https://files.consumerfinance.gov/f/documents/20170420_cfpb_Ocwen-Complaint.pdf

For a fairly full expose of the real nature of the Great recession see https://www.freep.com/story/opinion/contributors/2019/11/17/housing-market-crash-foreclosures-enriching-real-estate-speculators/4195373002/

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