darron427
2 years ago
I don't even know what to say about it any more. There are near countless lawsuit records and filings in court where the lawyers, judges, PFPB , DOJ and everybody else has proven in court by their own intentional behavior and track record that this entire setup is nothing but a bloated pump and dump scam.
There are legal agencies and judges, articles coming out even now where people are demanding that the people involved be arrested because the majority of it isnt just incompetence, it's blatant and intentional fraud, stealing people's homes committing an entire laundry list of intentional crimes by employees in every company involved and acquired by Ocwen, PHH, services by NewRez or any of their MANY penny stock shell company names. A stock scam operation preying in thousands of mortgage holders. Their own customers.
The old man's behind it. The original owner now largest stockholder It's been happening ever since this original billionaire running Ocwen was supposedly booted back in 2012. He's become a billionaire many times over off these scams .
Ocwen booted him when the California DOJ under Tamala Harris won a 2.1 billion dollar settlement against them listing an entire book of intentional mortgage crimes.
It's the same guy that was later a board member and is still a major stock holder. Everytime they get into trouble they run another merger scam, new CEO , they do a big employee rotation scam, moving more and more operation off shore to cover their trail of crimes.
The government knows it. Judges know it and every lawyer and DOJ, Federal stock regulators and agency knows it. This thing was birthed to be a huge scam and you have got to know people in high and powerful places to steal and rob this many people and the government dies nothing to stop it.
They don't know what to do. They've had lawsuits and settlements involving 33 states, 49 states, huge judgements but they keep operating, changing names and the scam keeps going.
These people involved , major stock holders , legal agency people involved are all sucking each other off apparently. They pay off judgements to make it look legit but it does nothing to help the countless victims theyve put through this over and over again under this scam operates design.
They keep pumping the stock scam over and over with the blessing of NYSE and regulators just stealing people's homes . Payoff judgements in the trail of lawsuits and victims like nothing criminal is happening and nobody has gone to jail YET.
It literally is a pump and dump scam and people in high places have lots of lawyers to fight it over and over, they payout fines, but nobody has of yet been jailed for these intentional mortgage scams.
These are not my conclusions , or not only. This is lawyers all over the country and others, Federal Judges, Government officials and thousands of victims saying these things.
People know it and people all over want SOMEBODY in prison now. It's too obvious what they have been doing for years has been intentional. They just keep changing names, CEOS, BOARD MEMBERS, primary players, to coverup their crimes
DarthYoda
2 years ago
I read through the link and it's pretty brutal. It's also somewhat similar to the case my relatives had. Homeward, Wells Fargo, robosigning, signatures from people who weren't employed there, all the good stuff. That case seems to have gotten really really out of hand though with how much they messed with JWG. I'm just not sure what anyone can do about all the corrupt judges. Those examples of them being called out are great, but how do so many rule so poorly so often? Thanks for sharing that.
darron427
2 years ago
I knew that's why they moved off shore. OCWEN, PHH , NEW RENZ . They keep shell offices operating in the USA to make it look legit. They're just robbing people in this country using this scam front to make it look legit . It's time to shut this trash down.
OCWEN Entities found: Ocwen Loan Servicing, which is licensed to service mortgages in the state, used unlicensed affiliate offshore companies to “perform activities considered residential mortgage loan servicing.” Ocwen Financial Solutions Private Limited, operating out of a location in India, and Ocwen Business Solutions, operating out of a location in the Philippines, to conduct “servicing” activities on residential mortgage loans. VA SCC states OCWEN is Licensed as:
F1991993
OCWEN BUSINESS SOLUTIONS, INC.
Foreign Corporation
Active
F1995820
OCWEN FINANCIAL INSURANCE SERVICES, INC.
Foreign Corporation
Active
F1564386
OCWEN FINANCIAL SOLUTIONS PRIVATE LIMITED
Foreign Corporation
Active
T0206161
OCWEN LOAN SERVICING, LLC
Foreign Limited Liability Company
Active
OCWEN filed a 1099-A Acquisition or Abandonment of Secured Property with the IRS where Ocwen was not a secured creditor.
Ocwen Financial Corporation is a provider of residential and commercial mortgage loan servicing, special servicing, and asset management services, which has been described as "essentially debt collectors, collecting monthly principal and interest from homeowners". Ocwen is headquartered in West Palm Beach, Florida, with additional offices in Addison, Texas, Orlando, Florida, Houston, Texas, Rancho Cordova, California, St. Croix, U.S. Virgin Islands, and Washington, D.C. It also has support operations in the Philippines and India.
Ocwen under 26 U.S.C. § 7434 willfully filed fraudulent 1099 information returns with the IRS 26 U.S.C. § 7434. Civil damages for fraudulent filing of information returns. That OCWEN never lent any money to Janice Wolk Grenadier thus suffered no financial loss and was not a secured creditor under any state property laws. That the Trustee Deed and OCWEN acting as the Servicer at all times stated clearly that Wells Fargo Bank was the lender and or Wells Fargo Bank National Association, as Trustee for Option One Mortgage Loan Trust 2005-2, Asset Backed Certificates, Series 2005-2 Trustee for Option One (Mtg Back Security does not exist) see attached.
darron427
2 years ago
When you get time read this. This lawsuit talks about all sorts of Wells Fargo, Ocwen, PHH, New Rez mortgage corruption. Corrupt judges stock trading, insider trading.
Ocwen PHH New Renz going broke, swapping assets around to manipulate investments . Biases judges. Everything already know but the Justice system is so corrupted by money and nepotism they keep getting away with it.
This is one statement further down in the lawsuit that tells what's happening.
This is what I was talking about before. Changing names constantly to avoid the law, coverup their trail buy failing companies, assuming their names to keep the crime going. Unbelievable. the law dobt give a shit and the judges are incompetent or involved -paidoff probably much like what I've seen with some Attorney Generals and others that seem to be involved.
""""According to insiders of OCWEN: OCWEN is going out of business or into Bankruptcy and is moving any and all assets. """
USA CFPB SEC Treasury, v Wells Fargo Bank, OCWEN/PHH, New Rez, Charles Scharf, Glenn Messina, Troutman Pepper Hamilton Sanders, Brock & Scott, BWW Law Group, McCabe Weisberg Conway et al
https://judicialpedia.com/listing/usa-cfpb-sec-treasury-v-wells-fargo-bank-ocwen-phh-new-rez-charles-scharf-glenn-messina-troutman-pepper-hamilton-sanders-brock-scott-bww-law-group-mccabe-weisberg-conway-et-al/
darron427
2 years ago
These people are constantly involved in some sort of deal, merger or crookedness. It doesn't seem like you can run out of deals and shell companies, scams and scandals. They're either being sued in some sort of class action deal or there's dozens of individual lawsuits going non-stop.
They're constantly being banned from operating in states , can't write new loans or some sort of insurance scam.
Frankly I don't think they care. Their primary motivation seems to be terd mergers, buying up failing mortgage companies, creating hell for the customers, foreclosing, getting sued until they get practically shut down, and then repeat the whole process and do it again.
Just stealing people's home and the government knows it, but just let's them move on.
Seems like Wells Fargo is the same way these days. Maybe they'll have a terd merger marriage one day. The housing industry has turned into a big predatory pump and dump scam with no real oversite from the govt to speak of. They operate just like a stinky pinky OTC stock scam on steroids.
darron427
2 years ago
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.
darron427
2 years ago
Yep, conveniently much like Ocwen has, after each melt down. Bailouts. Using our own tax dollars that they steal through interest rate hijacking and controlling everything our government does financially. They're robbing this country blind. Manipulating everything from the stock market to hyperinflation of the economy.
You think its coincidental that they were there to bail us out after each melt down, interest rates were at the Rock bottom, then they drove them back up over night after we hit the 30 trillion dollars debt threshold.
These people and their global partners are raping this country with massive debt and interest rates.
I would imagine at this point we (tax prisoners) are forking out somewhere around a half trillion dollars a year in interest to the cartel and the globalist community on this debt now. I haven't read it in a few years but it was closing in on 400 billion a year when I last read it a few years back. One big ponzi scheme.
This is why they now teach all of the lies about American history as to why millions fled the cartel of Europe and came to America in the first place. To escape tyrannical, oppressive, over taxing, cartel type, cabal owned government and a corrupted tax and bankster led system
darron427
2 years ago
What they need to do is arrest a bunch of these criminals that are running these scams on their customers.
I don't understand how they can constantly go to court, be found guilty of all sorts of intentional scam tactics, fraud, illegally foreclosing on their customers and knowing what they're doing is illegal and nobody is ever locked up.
They know what they're doing is illegal because they've been found guilty of the same crimes repeatedly.
The judges have even said that what they've done was intentional. Intentionally manipulating the paperwork and process to steal people's homes. If that's not felonious what is?
Like you said everything from racketeering to running insurance scams involving kickbacks to their own company some of which are their own companies.
How do people NOT go to prison for things like this when they're found guilty if it in court?
If they stole my home while committing fraud, I would want SOMEONE IN PRISON!
IF WE DID IT, THERE WOULD BE NOTHING that would keep the DOJ and AG offices from making sure we went to jail for as long as possible. Why are these people exempt?
The only answer is money and likely nepotism
darron427
2 years ago
There are Law firms all over the country that advertise for suing them. You can find these lawyers in nearly every state today. I've never seen this with any other supposed Home Mortgager unless it was attached to Ocwen.
I'm not saying that there aren't others that have been sued even today, but the more you look, depending on what browser , keywords , dates or way you type it in, Ocwen, Phh, New Rez, Homeward Residential, LITTON Mortgage , SHELLPOINT and more of their acquisitions and shells names come up.. Especially Ocwen and PHH. This isn't all of their "subsidiaries ". I've had people tell me about others that Ocwen , Phh or one of these companies bought and tge exact same things were happening.
They are known for buying failing mortgages and companies, passing them around causing confusion for the homeowner.
People say they are constantly transferring their note around, they don't keep up with the paperwork, everything gets lost in the process, and then everything gets caught up and lost including their escrow money disappears. Their insurance doesn't get paid they lose coverage. They dont leave the customer a means or way to pay the note.
By the time try to straighten it out, they have sent the customer into foreclosure because they refuse or "" misapply" payments claiming they don't receive them . It ends up costing customers thousands of dollars for fees, lawyers, foreclosure costs. The courts have found them guilty of these things repeatedly. A whole list of infractions.
There shouldn't be any deadline on suing these people they've been doing the same thing since Ocwen was started up all the way back to the 1990s and early 2000s based on what I've read. These investment scammers should never be allowed to buy American citizens mortgage notes but they pass them around and destroy people's lives like its it just another stock scam.
These people are ruthless and so are the people they're involved with and the people that aren't holding them accountable as of yet.
Their day is coming. They may not know it yet, and it may take some time, but its in the works.
This law firm is advertising right now. I don't think there's a state that they operate in that the DOJ and / or individuals, aren't suing them constantly.
A lot of it just doesn't make big headlines. But this just one of the many I've ran across mostly by accident. I really haven't tried to track them all but I've seen plenty that specifically advertise for Ocwen victims. I suspect there are dozens if not hundreds.
Its just like people state online, Ocwen, Phh and their garbage shell staff don't care, they keep a law team on staff and they are every bit as ruthless , low down and rotten to the core as Ocwens team of gangsters. They make their living protecting this scam.
https://www.edcombs.com/blog/2023/january/phh-mortgage-and-ocwen-loan-servicing/
this is one of Ocwens Palm Beach pump and dump " future leaning statements " about trying to become compliant. Everything about them runs just like a stinky pinky pump and dump scam gone to the big swamp on Wall Street. You know how they work. "We are going to do this, we believe that, we think that our company will. But we don't know ". They dont know because they're talking bullshit.
Ocwen Financial Comments On New Financial Eligibility Requirements Announced by FHFA and Ginnie Mae | Ocwen Financial Corporation
https://shareholders.ocwen.com/news-releases/news-release-details/ocwen-financial-comments-new-financial-eligibility-requirements
DarthYoda
2 years ago
Thank you. I appreciate all that info about the DOJ backing Ocwen against the CFPB. It helps make other stuff make sense. Some relatives sued ocwen and others in the past, and I even tried to help, but the judge ruled against them, and they lost their primary residence of 40+ years. It felt like a failure, but also seemed completely wrong on every level.
The fraud, forgery, and racketeering were all easily proven, as their loan was included in one of the infamous 2006 packages that had already been deemed fraudulent, but the judge said they didn't file their complaints within some magical and arbitrary 4 year statute of limitations. That nonsensical and IMO illegal ruling came after 2 years and $25,000 cash to a law group, like the judge couldn't have figured that out earlier. The judge should be a veteran prison bitch right now.
darron427
2 years ago
The point of all of that info in the last posting is, the DOJ helped Ocwen sue the CFPB in response to CFPB lawsuits against PHH -Ocwen.
The other time the GOVT -DOJ REQUIRED that they use a Mortgage Servicer which basically protects them against the lawsuits when New Renz, the loan servicer, handles the lawsuits.
Ocwen bought New Renz to service their loans in response to the lawsuits instead of an outside agency doing it and when you call and talk to ANY OF THEM,you still get INDIANS , as in the country, on the phone. They did it as a coverup scam.
Was the government involved by advising them to do it or allowing them to buy a servicer that is basically a shell company according to these lawsuits, to service the loans? I can't say for sure but they're doing it.. Every complaint says the same thing. Confusion. You can't speak to anyone that knows what's happening and they nearly always turn you over to an Indian or foreign rep , they drag it out until the home owner is in foreclosure and loses their home or has to get a lawyer to sue them.
By that time it cost the homeowner all sorts of fees for foreclosure, lawyers and many times they end up losing their homes.
Sure the government or some big lawyer eventually sued them and they get judgements but who wants to lose their home to find out? The law does nothing many times until it's too late. Thousands are scammed.
I spent 2 months day and night reading their crap and talkingll to people I knew someone who went through it. Their stories are all the same. Lies and misinformation, missing money, "" MISAPPLIED payments".months and years of dealing with crooks mostly in India.
You think somebody don't know this after 20-30 years?
They all do but they're fighting against the nepotism in the system and / or maybe even complicity. It doesn't matter to the homeowner either way. All they know is that their home is being stolen and nobody is doing ANYTHING to stop the thieves.
darron427
2 years ago
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.
darron427
2 years ago
Why would so many hold this POS, based on it's track record of scams and lawsuits, unless they know something we don't? Shares back after all the lawsuits had fallen below a dollar . It fell deeper and deeper after all those billions in DOJ settlements. There's articles and postings dating back 2018-2019 people talking about what a scam it was even then.
I've got a copy of it somewhere but right before this thing rose up from pennies , insiders, employees bought up huge numbers of shares. This was like June -July maybe of 2020 or 2021 I believe, then they announced some sort of deal and shares were trading above 30 dollars. By August same year. Most of them bought up shares around .50 to $1.50 and others shortly thereafter.
Also there are a lot of people who have been receiving compensation via shares according to financials. I wonder if they know they could have bought them for ..50 to a dollar 2 years ago.
This is another one of those Palm Beach scams. That's where the CEO lives I believe or did, along with the rest of their scoundrel friends. Living off of foreclosure money. . Most involved likely reside in the Caymans or on some Island like the rest of these terd tickers. Like that crypto guy that just got busted. Birds of a feathers lol
It's pitiful. It's a big ole club of scoundrels. It's hard to keep up with it but one things for sure, there are people that work for government that already know how they pull these scams off. They just don't care. They probably fly down on vacation to pickup their bribery money..
You're right there's so many of them I can't keep them all straight but they operate pretty much the same way.
darron427
2 years ago
Why would so many hold this POS, based on it's track record of scams and lawsuits, unless they know something we don't? Shares back after all the lawsuits had fallen below a dollar . It fell deeper and deeper after all those billions in DOJ settlements. There's articles and postings dating back 2018-2019 people talking about what a scam it was even then.
I've got a copy of it somewhere but right before this thing rose up from pennies , insiders, employees bought up huge numbers of shares. This was like June -July maybe of 2020 or 2021 I believe, then they announced some sort of deal and shares were trading above 30 dollars. By August same year. Most of them bought up shares around .50 to $1.50 and others shortly thereafter.
Also there are a lot of people who have been receiving compensation via shares according to financials. I wonder if they know they could have bought them for ..50 to a dollar 2 -3 years ago. Lol. There was definitely a pump went down on some bogus deal with another one of those junker companies they bought
This is another one of those Palm Beach scams. That's where the CEO lives I believe or did, along with the rest of their scoundrel friends. Living off of foreclosure money. . Most involved likely reside in the Caymans or on some Island like the rest of these terd tickers. Like that crypto guy that just got busted. Birds of a feathers lol
It's pitiful. It's a big ole club of scoundrels. It's hard to keep up with it but one things for sure, there are people that work for government that already know how they pull these scams off. They just don't care. They probably fly down on vacation to pickup their bribery money..
You're right there's so many of them I can't keep them all straight but they operate pretty much the same way.
darron427
2 years ago
Even when you start digging into the laws, the companies have more government protection than the customers.
When somebody can explain to me how a company like this one can scam thousands of people for 30 years, out of millions and billions of dollars according to some sites, they get to continue to operate, continue to scam people, and nobody ever goes to jail when they're found guilty of all sorts of felonious crimes, well, it's inexplicable. There's no legitimate or legal reason why these criminals can commit these crimes over and over and nobody is ever prosecuted
These people have stolen thousands of people's homes and billions of dollars in assets.
What good is it to fine them or give people settlements after they've stolen theses homes? Why don't they investigate and stop them, shut them down when they know they're doing it over and over again? This realestate fraud. Theft. Loan fraud. All sorts of insurance scams and crimes and nobody ever goes to jail?
They would lock you and me up for at least 20 years for ONE of these crimes. It doesn't make any sense. It's not accidental. Not when when they've done it to thousands of people. It's outright criminal and the fact that the government won't stop it tells us a lot about what's happening to this country.
They will spend a million us taxpayers dollars to prosecute you and me for just about any misdemeanor, but none of these thieves so much as get probation!?
There's something bad wrong going on. When money can keep people like this out of prison. I mean it's not like one incidence and they've made a mistake. They're defrauding thousands over and over again. Not one person goes to jail. You have to wonder at some point who they're paying off or know in high places
darron427
2 years ago
Believe me, that's not a fraction of the crap they've done .
Download about 10 different browsers, type in the name of any company that Ocwen, PHH and New Renz are involved with and you will pull up an entire new list of lawsuits. States suing , DOJ lawsuits. Lawyers websites dedicated to their crimes. Every browser you can find different information and it's all ugly. Lol
New names, CEOS, getting paid in shares and leaving usually shortly after they make good. Insider trading by multiple employees in high positions. You'll be months finding the crimes they've committed and the scams . Insurance, the works. It's like you can't run out of stories l, lawsuits and complaints.
You have to ask yourself who is being paid off that's letting them go . You can't rob and defraud people for 30 years , just change names to keep the scam going and it's a clear trail of nothing but financial crimes.
49 states sued them one time and 34 again another time and they're still at it. They never stop leaving a trail of destruction stealing peoples homes, commiting all sorts of felonious crimes in the process and nobody has once served a day in jail that I've found. Even with all of the insider trading.
This run they're on right now was insider loaded . This terd wa so at 45 cent at one point and the insiders loaded up .. 2 months later it broke 30-40 dollars. Look at the volume. How is it holding this price on this volume? How'd it ever get here,! Lol.
My opinion is, they're holding it at this level so the insiders can unload. When those CEO and all the others who got paid in shares get vested in the next months to year, look out. That's my opinion. Good luck. Lol. It's a big stinky pinky lol.
But all you have to do is see who Ocwen founding CEO was, where he was educated and all the crap he's involved in and who. The big buddy system. They cover each other's ass globally. He cooked up this scam and it's still running the same way. From what I've read he's involved in 6 Like this one. He's a billionaire m. Not hard to find
darron427
2 years ago
It's hard to keep up. I knew Ocwen , around 2012 believe it was, moved most of their staff overseas when the DOJ Lawsuit hit them and they paid out somewhere around 2 billion dollars in settlement fees for doing all sorts of criminal things. Defrauding customers by manipulating records , mis-applying payments or posting them late to force customers homes into foreclosure. There's a long list. Most of it was supervised by the owner himself who by that time was a board member but from what I read he was and still may be, their largest stockholder. He got booted supposedly by the company, but it didn't change anything.
They bought PHH to lose the Ocwen name as far as public use due to all of the Lawsuits and scandal They've been found guilty of everything from running insurance scams to charging fees that are illegal that netted the company hundreds of millions of dollars. Insurance kick backs. Not keeping insurance or stealing escrow from customers accounts . If there's a mortgage crime they've done it and been found guilty of it in court. You can't slander them because they've been found guilty of pretty much every mortgage al, loan and insurance scam out there.
PHH came in and was basically continuing the same business practices, they ended up in lawsuits for and millions in judgements, pulled out around 2021 and moved most staff overseas also.
PHH started using New Rez a Home Mortgage Servicer to protect their and Ocwen assets. Legally according to RESPA you can't sue the loan holder for actions of the Home Loan servicer, you have to sue the servicer.
New Rez , based on what I've read online, all the thousands of complaints, is doing the same things.
Basically Judges and lawsuit lawyers state that most of these other merger and acquisition companies that OCWEN owns through their company or merged with through it's several other companies like PHH are nothing but shell companies to keep up appearances for Americans and because of all of the lawsuits.
Meaning they don't have any American staff. You'll notice when you try to contact th you nearly always speak to an Indian or someone in the Phillipines.
They're using these companies that have no staff or skeleton staff to handle the situation when it gets ugly, but their Ocwen and PHH over seas people are running the scam
They constantly lie to their customers, mishandle their loans, to the point mist customers have no idea what is happening and they use the confusion , lies and misinformation as a basis to foreclose on Americans homes.
That's exactly what the lawsuits were about. It's accidental. Everyone says you can't make contact with the people you're supposed to talk to about the loan and they constantly push you off on these foreign servicers that don't know what they're doing, and are being used to illegally foreclose on thousands of homes
The DOJ and state AGS have sued them constantly as well as thousands of individuals and they've paid out something like
2.5BILLION DOLLARS in judgements and settlements between the lot of them
As best as I can see they have business relationship with at least a dozen other do called companies or shells all of which are constantly being sued and judgements against them
They don't care because nobody has gone to prison yet,. They make their real money by pumping dumping these stocks
These are not conventional USA banks , Ocwen is basically a predatory stock company that buys up failing mortgagers and they basically dismantle them, take over the running of them, use the shell name to operate or a very small American staff, and run the scam from their foreign offices in India and the Phillipines
That's the short story. When Ocwen got sued and paid out that billion or so back in 2012 they were no longer allowed to service loans in many states nor make new contacts.
That's pretty much their story to this day. The same with PHH. Once the shell companies get into big trouble,. they buy another terd to cover their trail and start the pump again.
Always another deal. Buying another junker company that's distressed , taking on hundreds of thousands of unwary people's mortgages with the blessing of the government and people in high places in the stock world continue to let them operate
They don't care about their customers. Every person you talk to about it, read the complaints online, tell the same stories. They lie to them constantly, everytime they call they can't speak to anyone they're supposed to contact, they get transferred to these foreign scammers in the Phillipines and everytime they call, they're told a different lie or told to do something different. They use the confusion to delay, foreclose, charge people thousands in late fees, foreclosure fees, and it cost the customers their homes and lots of money unless they can sue them and get a large judgement.
By that time many times they have illegally foreclosed on a lot of people. Thousands according to online reports.
There's so many different type of loans now, particularly under and since the 08 melt down, the customers don't understand all of these predatory loan agreements and Ocwen, PHG and their subsidiaries, use them to their advantage to delay, manipulate, take advantage of their customers and eventually steal peoples homes.
There are people online reporting being in foreclosure and in lawsuits for years and years. You wouldn't believe. There's so many things going on here you literally can't begin to cover all of the things they've been accused of. All the lawsuits and reasons, basis of illegal acts the judgements we're founded upon.
The government to date, hasn't done s thing except take and make settlements. They have to know who is doing it because Ocwen and their many shells are always in the middle of it. Always being sued. Lawyers make videos all over YouTube about them. Lawyers sites have entire web pages dedicated to their crimes
Customers say when they've contacted these employees of Ocwen , PHH and New Rez and tell them they're suing they laugh at them and tell them things like ""Go ahead and sue us we have thousands of lawyers we don't care". They don't. That's why care about stealing peoples homes.
Nobody has gone to prison YET for these intentional crimes. It's criminal what they do. Someone and many employees should be going to prison. So far they haven't but that's about to change from what I'm hearing.
darron427
2 years ago
$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!!
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