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

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-now/

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.  

11 Comments

billhilly's picture

Who has the power ???

It truly is WE THE PEOPLE !

It is time for us to stop being the victims.  We must insist that laws be obeyed and enforced.  We must not let our voices go silent or unheard.  It is time for us stand and be vocal !  Action is the key, and speaking with your wallet/pocketbook is a very forceful and effective means.  Watch where you shop, and what you buy.  Do your banking in a local Credit Union or other community based bank.  Support your local businesses and stop the funding for multinational conglomerates. 

People, it's time to take control once again.  Start local and move towards State and Federal levels thereafter.  Continue to press conversations with family and friends about finance, real money, real problems and real solutions.  Constructive conversation is the key.  Don't try to convince or impress, just speak truth which comes from conviction and knowledge, and let the seeds germinate.  Water them on occasion with kindness and patience. 

When looked at deeply, it is still up to each of us to make the difference.  The time has come...the time is now !  Let us make a stand, together.

AlienEyes's picture

Good to know....

that you are alive and well.  yes

Noteriety's picture

I'm in Bill Hilly

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

marchas45's picture

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.

Turd Ferguson's picture

CaL, thanks for the update

MODERATOR

Your input here is invaluable.

Pining 4 the Fjords's picture

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...

SilverBelle's picture

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. 

JackPutter's picture

The Three Kings story??

I don't know if George Clooney ever saw this tank.  It's good to have hobbies.

Millions in Iraqi Gold Found In Tank!

"But to their surprise, when they reached into the fuel tank, it was not guns that they pulled out. Instead, they started pulling out gold bars, five of them in total. The gold bars weighed about 70 pounds and valued $1.4 million in gold!"

http://www.starpulse.com/yes-this-really-just-happened-2120034562.html

Link direct to You Tube video;

AGXIIK's picture

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!!!

Dr Jerome's picture

Thanks CALaw

I always appreciate your posts!

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