Ocwen Financial Corporation (OCN)

[DarthYoda]

Those relatives I mentioned have since passed on, but you know it all started with a $470,000 refi given to a senior citizen who only had 11grand in reportable income over 2 years. Didn't matter. It was approved no problem because they just wanted to steal the house. I believe it was Wells fargo who gave them an inflated appraisal of $750k to get the bogus refi through, even though the house was maybe worth $275k and needed repairs. It was in one of the best chicago suburbs with very high property taxes. Even after 3 sales and a full rehab, it recently sold in the mid 500's, 15years later and after record inflation.

They federally sued everyone, including ocwen, and the judge ruled that yes there was forgery, fraud, and racketeering, but it didn't matter because the homeowners took too long to file their complaint. Apparently, there is some kind of a 4 year statute of limitations. So if a lender, their note resellers, and their goons commit provable fraud and more, they only have to hide it for 4 years. Then it's "ok". This company is a tool of the power structure and its only purpose is to destroy. Shut it down.