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Ocwen stock is tanking fast

Update: The Consumer Financial Protection Bureau just sued Ocwen for “failing borrowers throughout mortgage servicing process. It says “mortgage servicer’s widespread errors, shortcuts, and runarounds cost borrowers money, homes.” CFPB Press Release CFPB Complaint The Commissioner of Financial Regulation for the State of Maryland issued a Summary Order to Cease and Desist and Partial Summary […]

via Ocwen Stock Tanking in Wake of Cease and Desist Order — Findsen Law


Ocwen fabricates mortgage documents

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. […]

via Sub-Prime Mortgage Servicer Ocwen fabricates Mortgage Documents — Livinglies’s Weblog

Deed theft scams, why not go after the banks too

It is supreme irony that individual scam artists are being prosecuted for false representations and deed theft — while the the institutional scam artists on Wall Street did the same thing raking in trillions of dollars, without a whiff of criminal prosecution. Get a consult! 202-838-6345 https://www.vcita.com/v/lendinglies to schedule CONSULT, leave message or make payments. THIS […]

via Deed Theft Scams: Why Not Prosecute the Banks Too? — Livinglies’s Weblog

Deed theft scams are stealing homes

Around the U.S., deed theft has emerged as one of the most sophisticated and devastating frauds ever to menace homeowners. By MATT SEDENSKY http://www.wcvb.com/article/foreclosure-scams-are-stealing-victims-homes/9534919 NEW YORK —The phone call came as Raymond Murray neared the bottom of his luck. His wife had died, his career had been ended by injuries, and struggling to get by […]

via Deed Theft scams are stealing victims’ homes — Livinglies’s Weblog

Injured by Ocwen? Take Action Now!

Livinglies's Weblog

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 government representatives to express your outrage and share your experience NOW.

Although Ocwen is being investigated for predatory servicing practices, please make regulators aware of the deeper level of fraud that is occurring and consists of fabricating and forging loan instruments including notes and assignments.  If you have been subjected to any of Ocwen’s tactics that push homeowners into default please provide this information to the aforementioned agencies.

The regulators found that Ocwen manipulates escrow accounts to create defaults and problems with taxes and insurance, does not respond accurately to submitted Qualified Written Requests, fails…

View original post 1,482 more words

Bank of America appeals $45 million award

By K.K. MacKinstry The bank claims the fine amount is ‘unprecedented in its magnitude’ because Bank of America is routinely not punished for its criminal behavior. sundquist-opinion Bank of America Corp. requested a bankruptcy judge to reconsider the $45 million fine over its Kafkaesque treatment of a California couple who requested a loan modification, calling the […]

via Sundquist Update: Bank of America Appeals $45 Million Bankruptcy Fine — Livinglies’s Weblog

Public banking is in the news again

http://inthesetimes.com/article/20044/the-fight-for-public-banking A Bank Even a Socialist Could Love The fight for public banking is gaining ground in cities and states across the country. BY David Dayen “We have Tea Partiers and Occupiers in the same room liking public banking. What does that tell you?” “Money is a utility that belongs to all of us,” says […]

via David Dayen: A Bank Even a Socialist Could Love — Livinglies’s Weblog

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