By K.K. MacKinstry/LendingLies Anyone who is trying to find out information about the trust ownership of their loan, knows that if Fannie Mae or Freddie Mac are involved- your research hits a stone wall.  Homeowners who have a mortgage not secured by the GSEs are better able to determine what trust their loan was allegedly assigned to.  The GSEs who…[...]

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Tags: Fannie MAe, FOIA, Freddie Mac, GSE
Posted in Uncategorized |

It is supreme irony that individual scam artists are being prosecuted for false representations and deed theft --- while the the institutional scam artists on Wall Street did the same thing raking in trillions of dollars, without a whiff of criminal prosecution. Get a consult! 202-838-6345 https://www.vcita.com/v/lendinglies to schedule CONSULT, leave message or make payments. THIS ARTICLE IS NOT A LEGAL…[...]

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Tags: deed fraud
Posted in Corruption, discovery |

A deeper dive reveals what Ocwen can and can’t do going forward April 21, 2017 Ben Lane http://www.housingwire.com/articles/39932-heres-a-detailed-breakdown-of-ocwens-new-restrictions-by-state The servicing issues at Ocwen Financial are allegedly so widespread that some states are placing stricter restrictions on the nonbank, beyond freezing the company’s ability to acquire new mortgage servicing rights. On Thursday, a group of state business regulators issued joint cease-and-desist…[...]

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Tags: HousingWire, Ocwen
Posted in Uncategorized |

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.  Ocwen then resorts to fabricating…[...]

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Tags: amber k. wilson, document fabrication, Ocwen
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By K.K. MacKinstry/Lendinglies During the Multi-State Mortgage Committee's investigation, Ocwen made an accurate revelation when attempting to justify charges of mortgage servicing failures by claiming that its servicing policies are comparable to other mortgage loan servicing operations.  Truer words have not been spoken, and the entire mortgage loan servicing industry is in shambles because servicers make more money foreclosing than…[...]

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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 and a half years later,…[...]

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Tags: DAVID DAYEN, Ocwen
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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 government representatives to express your…[...]

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Tags: Ocwen
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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 on his disability check, he…[...]

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Tags: deed theft
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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 and in some cases illegally…[...]

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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 engages in predatory servicing. It…[...]

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Tags: CFPB, Ocwen
Posted in Uncategorized |