Ocwen - Take Action for Those Harmed by Their Mortgage Servicer - Post Script to SHOW ME THE NOTE

11
Fri, Apr 21, 2017 - 11:05pm

It's been a long time since I sat down to write up a post. Mr. TF and the other regulars have simply done an amazing job and I just have been too busy in my day job to add to the excellent discussion.

But, just a day or so ago, I came across an article discussing how Ocwen, an infamously corrupt mortgage loan servicer that had been essentially unmasked as a serially corrupt servicer engaging in ongoing illegal activity. The ramifications were instant, and the effects are just now emerging.

One commentator, whose blog is here

https://livinglies.wordpress.com/2017/04/21/injured-by-ocwen-take-action...

has provided a basic summary, and a list of the authorities to contact.

If anyone with a mortgage has been harmed by Ocwen, the time is now to speak out and contact the authorities. Maybe, just maybe, there will actually be some perp walks!

At a minimum, the more people that contact their state and CFPB authorities telling their stories of servicer abuse, mistreatment, fraud, then perhaps some real and lasting change can occur.

It is far too much to ask that the Feds actually do something about the rampant mortgage origination fraud, or the big bank fraud permeating this industry, but, in the end, it is the enormity of the numbers of people coming forward with complaints that will eventually lead to solutions.

Good luck and I hope anyone who is struggling with this issue gets relief.

About the Author

  11 Comments

  Refresh
Apr 24, 2017 - 5:34pm

Thanks CALaw

I always appreciate your posts!

AGXIIK
Apr 23, 2017 - 9:49pm

OCWEN IS STILL LURKING OUT THERE

This scourge of demented back soakers is still lurking out there like the residual virus of a plague, causing harm wherever they land.

When you hear the name OCWEN RUN!!!

JackPutter
Apr 23, 2017 - 1:20pm

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Link direct to You Tube video;

GOLD found in Tank! - Tank restoration gets lucky and we find something amazing!
SilverBelle
Apr 23, 2017 - 8:54am

Perp walks?

Wouldn't that be fantastic! I won't be holding my breath though. But, I will be most grateful if this can put a fire under folks to say "I'm not going to take it anymore!" to all the rampant corruption. It is encouraging to see the list of states taking strong actions.

Ocwen (Newco spelled backwards, quite the original name huh?) must be the poster child for companies that exist to take advantage of a system.

As for a perp walk, who would be responsible? Many of these mortgages originated from Homeward Residential which Ocwen bought from WL Ross and Co. Yes, the very same WL Ross who is our current Secretary of Commerce. Ross served on Ocwen's board of directors until 2014 when he became vice chairman of Bank of Cyprus.

Would the former CEO, Bill Erbey, make a nice candidate for a perp walk? Ocwen made him a billionaire. Let's not forget that he moved to St. Croix in order to slash corporate taxes.

If current officers take the wrap, they would be the fall guys and scapegoats much like a local drug kingpin. Not innocent by any stretch of the imagination, but the drug trafficking won't stop until the head is cut off by taking down the alphabet agencies who are the true suppliers.

Might be interesting to discover who purchased these foreclosed homes.

Apr 23, 2017 - 12:44am
Apr 22, 2017 - 8:06pm

Interesting... thanks Cal!

I was not affected by this, but surely many Turdites were- now is the time to throw in your lot! I would pay good money to see a decent perp-walk for once...

Apr 22, 2017 - 9:30am

CaL, thanks for the update

Your input here is invaluable.

Marchas45
Apr 22, 2017 - 7:15am

What An Honor

To Be 4th on The Calif Lawyers Post Keep Stacking

Damn I had those bastards handling my mortgage and they sold it to Bank of America and I never knew they sold it until I was advised by BOA.

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Noteriety
Apr 22, 2017 - 4:59am

I'm in Bill Hilly

Purposeful conversations have begun. I will be switching to a Credit Union shortly!

AlienEyes
Apr 22, 2017 - 1:11am

Good to know....

that you are alive and well.

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