Ocwen Financial Corporation (OCN)

[darron427]

$100 millions a year in fines and penalties for Ocwen , PHH , New Renz and all their other scam shell company names is a good year for them. They change names and CEOs faster than most people change automobiles.

They screwed so many people out of their homes they had to fire most of their American crew, hired a bunch of foreign scammers off shore and mostly operate out of India and the Phillipines

They apparently know people in high places. In 2012 the former CEO who started this scam, who by then was a board member, got booted out of the company for PERSONALLY defrauding customers.

He was doing everything from posting payments late to foreclosing on people,
" Intentionally mis-applying customers payments" with intent to defraud. Became a multi billionaire running a half dozen of these scams.

That's just the highlights. Running insurance scams. Auctioned off people's homes without them knowing they were even in foreclosure. Billing hundreds of millions in bogus fees. On and on and on.

Not one scammer went to jail and they're still doing it after 30 years. Who do you think they're paying off at the agencies? DONT GET ME STARTED ON THAT ANGLE!!