Ocwen Financial Corporation (OCN)

[darron427]

Yeah the CFPB has put it to them. Have you read all of those stories about the CFPB , Ocwen , PHH!?

When they sued them Ocwen pulled all sorts of stunts. They tried to even get the Judge to declare the CFPB unconstitutional or illegal .
Unbelievable. The government helps these crooks in their lawsuit.

Also you should look up that lawsuit against Ocwen. Under federal housing law, RESPA, if a mortgage company uses a loan servicing company to service their loans, if something happens like what's going on like what happened with Ocwen, you can't sue Ocwen or PHH. That's why PHH and OCWEN started using New New Rez to service their loans. It protects them from the lawsuits.

You know WHY they now do that? Because if the DOJ Lawsuit requirements. Part of their settlement, Ocwen could no longer service their loans or at least for a while, same thing later happened to PHH. The DOJ required them to use a " Loan Servicer" and many states ruled that they could no longer write new mortgage loans in their states. I don't know many that still applies to

I read one of the lawsuits later where the lawyers stated that Other couldn't be sued under RESPA rules. The government made the rules that protect these scammers.

The DOJ REQUIRED Ocwen and later PHH also if I'm not mistaken, to use a servicer because they screwed so many people stating couldn't properly service loans so they made them do it.

They DOJ that led the lawsuit IMO , was telling them how to protect themselves. I think it was the Michigan DOJ. it's been a long time since I read all this stuff. But even though they may own your loan you can't sue then, you have to sue New Rez or whoever is handling your loan

The thing of it is. They BOUGHT NEW REZ as part of the scam because theyre ran overseas also. When you call anyone of them, Ocwen, PHH or New Rez, you talk to the same foreigners eventually. They're just using New Renz to satisfy the lawsuit but nothing has changed.

It's the same scammers. Take my word for it ir call them all when you call the supposed insurance people on the loan, the person that deals with that part of the scam are in India also. Google the lawsuits about insurance scams and others about missing escrow and insurance payments.

This thing is one huge scam. The government lawsuits and every lawyer dealing with them even says so. Even the judges ruled they were using these companies to run scam using a bunch of shell companies. How are they still in business?


READ THIS THEN WATCH THAT SHORT VIDEO BELOW. It's a mess. One time the govt is suing them, other times certain people seem to be running cover for them.

DOJ will be allowed to join Ocwen’s challenge to constitutionality of CFPB

https://www.housingwire.com/articles/40918-doj-will-be-allowed-to-join-ocwens-challenge-to-constitutionality-of-cfpb/

b]This lawyer explains it pretty well . Most like what I've found from reading all the accusations and lawsuit basis and findings. This thing is ugly. I don't know who is covering for them but they are. I have a pretty good idea who it is. I've talked with people and let's just say, things changed quickly I don't want to post about here. People know. Lawyers and Govt agencies know. They keep doing it.