People are catching on and posting stories in forums all over the net. They understand how Ocwen, Phh, New Rez, Litton Residential, and at least a half dozen more of their scam shell companies, have gotten away with this scam for years.
They're robbing these people, passing their loans around from one scam shell company to another, creating confusion , " losing the paperwork conveniently", doing all sorts of crimes in the process.
According to the trail of tears, lawyers and lawsuits, that includes being involved in insurance scams, stealing people's escrow money, " misapplying paperwork and payments" while preying on home owners costing them a bundle in foreclosure money and / or illegally foreclosing on people in the process
All felonies. All carry jail time of 5-10 years or more yet not one of these predators to date has gone to jail.
They will this time because there's a Tornado forming and its a big, bad one that has a lot of wind behind it.
February 3, 2021 at 6:57 pm said:
Hi StillFighting. I can answer that. Ocwen Financial acquired PHH Mortgage Corporation – it is a subsidiary now of Ocwen Financial. . Ocwen Loan Servicing is gone. But PHH is not the real servicer, they are hired by New Residential – who acquired Master Servicing rights from Ocwen in 2015 (but not actually transferred until 2017). And, Sub-servicing not transferred (by New Residential) until 2019 to PHH. So PHH is just the hired help. Your welcome.
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