Archives by Tag ' Ocwen '
Thanks to Investigator Bill Paatalo of BP Investigative Agency for the heads up on this case. Furthermore if you are suing U.S. Bank please note that THERE ARE NO RECORDS KEPT BY US BANK OF ANY KIND other than receipt of a monthly fee. Bill Paatalo will be dropping a bombshell on these findings in […]
Ocwen Loses Bid for Early Test of CFPB’s Constitutionality https://www.bna.com/ocwen-loses-bid-n73014451876/ REQUEST A TRIAL From Bloomberg Law: Banking By Chris Bruce A federal judge June 2 blocked Ocwen Financial Corp.’s bid to test the constitutionality of the Consumer Financial Protection Bureau in the early stage of a closely watched enforcement case ( Cons. Fin. Protection Bureau […]
Claims Fidelity Information Services engaged in ‘fraudulent, abusive billing scheme’ May 30, 2017 Ben Lane Fidelity Information Services perpetrated a “fraudulent and abusive billing scheme” and engaged in gross dereliction of duty in its role as the independent monitor of Ocwen Financial’s 2015 settlement with the state of California, Ocwen said in a bombshell lawsuit […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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