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Interesting Investigative Details About Ocwen

Yesterday the Consumer Financial Protection Bureau, that President Trump would like to stamp out, filed suit against Ocwen Financial Corporation and alleged “Ocwen allegedly botched basic functions like sending accurate monthly statements, properly crediting payments, and handling taxes and insurance.” Well it turns out the State of Connecticut had also conducted an investigation into Ocwen … Read more

Ocwen Alleged to Really Suck by Consumer Financial Protection Bureau

The Consumer Financial Protection Bureau (CFPB) today sued one of the country’s largest nonbank mortgage loan servicers, Ocwen Financial Corporation, and its subsidiaries for failing borrowers at every stage of the mortgage servicing process. The Bureau alleges that Ocwen’s years of widespread errors, shortcuts, and runarounds cost some borrowers money and others their homes. Ocwen … Read more

Creditors to Pay Up for Chasing Debtors After Bankruptcy

The Bloomberg Bankruptcy Law Reporter is reporting, “Wells Fargo, Ocwen, OneWest, and other secured creditors must pay a Chapter 7 debtor $7,000 in emotional distress damages, and $39,142 in punitive damages for willfully violating a debtor’s discharge order (In re Dogar-Marinesco , 2016 BL 399968, Bankr. S.D.N.Y., No. 09-35544 (CGM), 12/1/16). Judge Cecelia G. Morris … Read more

Consumer Attorney Services Wants to Charge Us to Help Modify Our Mortgage. – Kelley

“Dear Steve, My husband was unemployed for 2.5 years due to medical issues. We exhausted our savings staying on top of the bills. In aug, 2012 he did receive a job, but is underemployed and the combination of our two paychecks are barely getting us by. We have an 80-20 loan on our house (from … Read more

I Have a Big Truth in Lending Problem and Need Help. – Gene

Gene “Dear Steve, Getting to the point, I need a great Federal Attorney that can present a strong Truth in Lending action. In the current subprime meltdown my case will be a benchmark case that will be published and it will get National Exposure. Under Federal RESPA Section 6, and the similar statute in California’s … Read more

I’m Not Sure if Ocwen Will Modify My Mortgage. They Won’t Respond. – Rush

Rush “Dear Steve, I am in Dallas, Texas and have been unable to find full time work since 9/2007 and am 6 months behind on my mortgage. I submitted a modification package to Ocwen in April but have received no response other than “Your request is still under review.” Meanwhile, I have received a bunch … Read more