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
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.