Ocwen Can you believe this Orlando Florida

From: http://www.ripoffreport.com/reports/0/292/RipOff0292674.htm


I am horrified at this site. How many people have to write basically the same story before the curtain falls on Ocwen. I am currently in foreclosure with a foreclosure sale date from this horrible company. I am appalled at the entries from Ocwen employees ( if any of them are employees of Ocwen and not the company lawyers themselves ) even suggesting that the endless amount of customers including myself that are being victimized by this company are somehow at fault or overextended or didn't understand mortgages. I ( like so many of you ) have written, called, put on hold for 45 minutes then hung up on for one solid year.I believe it's important to note: I DID NOT CHOOSE OCWEN, THEY CHOSE ME!!!!In summary of my nightmare with Ocwen - Dec. 2006 they bought my note from Indy-Mac. They sent my first notice in Jan. 2007, they never applied my Dec. 2006 payment made to Indy-Mac and the horror began. I called constantly, wrote to them constantly - never got any additional response except that they had no record of the December payment - no kidding, in my letter I explained the Dec. payment went to Indy-Mac. The late charges began with every month, in July 2007 - I didn't receive a payment coupon - but soon, letters from an attorney for foreclosure.I have written to my Senators, Governor, Attorney General, Banking Regulators in New Hampshire to intervene. I asked Ocwen for an amount to bring my mortgage into current and good standing, told them I had all the money for the 'real' payments. NO RESPONSE except a letter from their Massachusetts lawyer giving me a Foreclosure date.Good to know the law firms of this country like working for the crooks, must be better money than honesty, integrity, and everything our system is suppose to represent. Please note: the law firm of KORDE & ASSOCIATES in CHELMSFORD, MA. are working for the crooks and have no problem with it.I am facing foreclosure in January, have hired an attorney ( like I can afford to waste money there ) and will sue Ocwen for the rest of my life if I have to. I am lost as to why our government, local, state and federal doesn't come storming up to the doors of this scum outfit and arrest everyone there, including each employee from janitor to CEO ( employees just because you would have to be stupid or a thief to work there ). What's it going to take to get action - while Ocwen continues to ruin hard working people's lives.Entry after entry ( to include mine ) say the same thing over and over - what does the government think - all of us that according to government officials should not have HOMES to begin with, as the Senator from Massachusetts Barnie Franks -Democrat says - got together and made this up.We are in the ( love this term ) SUB-PRIME market because 'A' Banks won't even talk to us - apparently they (Banks) know better than we do what we can afford or really who should have HOMES. We (I) need ACTION, not a huge amount of entries that state the same horror story.The ACTION required - scum like Ocwen, Option One, Wells-Fargo need to be forced out of business and all our mortgages need to be secured FIXED with a reasonable interest rate. No more words

Ocwen Loan Servicing completed forberance agreement with Aegis mortgage in July 07, then notified that ocwen was going to be the new mortgage co. and

From:http://www.ripoffreport.com/reports/0/292/RipOff0292601.htm

Ocwen Loan Servicing completed forberance agreement with Aegis mortgage in July 07, then notified that ocwen was going to be the new mortgage co. and send payments there. I sent my august payment to them, and received countless letters saying I owed from march of 07. This confused me to say the least, and after many tries to contact them for info, im either on hold or get someone I cant understand. Desperate for legal help Orlando Florida


I am self employed,have no home phone to save money,I have made countless attempts to contact ocwen. I have many questions to get answered,and even tried to log in to the web site so I could understand,but that doesnt work either. I have contacted the 'Hope,' line and got more Info from them,they are great,but I cant make contact through ocwen.. I am afraid that they are trying to either take my home or trying to get late fees etc......I gave them my e-mail address as I can get to a laptop,but they don't apparentely have a direct address. My wife moved out months ago,I have limited cash,and am trying to work,losing money on hold all the time. Almost ready to give up....If anyone can help,legally,or some of us can get together,please let me know..I want to save my homethis company claims I am way behind,by mail,but I dont know if I can even trust sending a payment to them I should have been caught up . I can write a book on this,but you get the picture.thank you for your time.Robertw charleston, VermontU.S.A.

Ocwen Federal Bank I believe its a trap to take your home Orlando

From:http://www.ripoffreport.com/reports/0/289/RipOff0289862.htm

I am also in a bind with this company, due to my mother's situation which disallows her to work medically, our income had shorten. I called Ocwen bank prior to hardship and I ask them that there is a finacial difficulty at this time and it would be temporary and if there is a temporary forberance for a short period of time reduce the monthly payment for at least 6-12 months until I can gain better control or the mortgage payment before it came to that point which is now. I was told that the only program they have is for me to purposely miss one month payment and then I will recieve a forberance form from them, fill it out and they will set up a payment plan which would be higher than what I was paying. I told them I dont want to miss a payment and get reported to the credit beauru but it was my only option. I want to get out of this situation. My mother told me she had to deal with them many years ago when another bank sold over to Ocwen and they double her payment and if she missed one, she would automatically lose the house. She still have all those documents and If theres a way out please let me know.Diane rBrooklyn, New YorkU.S.A.

Ocwen I can't even give them a 1 out 5

I’ve had a loan with Ocwen for 2 years, when I first received the loan they bombarded me with calls 3 – 4 a day with offers and pestering me as to when I would be paying my loan payment that wasn’t due for 30 days. The person who would contact me spoke horrible English. Now I’m not against people with accents and or working with US citizens but I feel they should have a grasp of the English language to the point I feel they understand me and that I don’t have to repeat myself over and over and over. I asked to be put on a “do not solicited” list and that ended the calls. I never received statements, never received any notices and the tax information I need for my taxes. I paid online using their own payment system that gave me the amount to be paid which I did. On the 25th payment which is when the fixed ended my payment was not processed claiming I had entered the wrong information so the following month I sent 2 checks one for the previous month and the current in 2 envelopes sending both with certified mail and return receipts. They cashed one and held the other, and then I sent my March payment which they held. One day in March I get a letter that my home is in foreclosure and they want to buy the house. I called the number in the letter and chewed the man a new #@$ - hole, accusing him of attempting to scam me and that I would be contacting the proper authorities and the news agencies. He responded with all my information and Ocwen’s phone number and stated “before you call the authorities and the news, call Ocwen and you’ll find out the truth yourself”. I did and found myself 20,000.00 in the rears, they have been holding my payments due to not paying the correct amount, they admit to getting all my mail back and if I just pay 20,000.00 they will fix my credit and my loan would be current. They offer me a “deal” pay them 8,000.00 upfront, sign agreements not to sue them and not to go into bankruptcy and pay them $4,100.00 a month for 18 months and all would be good. I asked them why when my mail was being returned someone didn’t call me and I was told I was on a do not call list and if they called me I could sue them. I have caught them in so many lies that it is not even funny. They contradict themselves with every phone call. I email them with my concerns and explain the whole situation and the response doesn’t even address my questions. They call me back so that there is no paper trail of what they are saying and 4 months later and I still don’t know my payment. Now the guy tells me his customer service person gave me the wrong information and must go through strict Ocwen retraining. He now claims none of my mail was returned, he claims they have held no payments and the envelopes they received were empty. This past Saturday April 7th, I received one of the checks they were holding back and on the check my correct address was put into the memo by someone at Ocwen processing when I ask him as to why I haven’t received any new mail at the corrected address he claims they just got the corrected address a couple of weeks ago and they do not have to send me anything. When I ask that if that were true why did the check that was returned have the correct address on it and it was dated 2 months prior, he states that I wrote it in the memo section or had someone write it in. I can’t find the words to express my feelings on this. It amazes me that they are allowed to do business in this country. They are fleecing the people with loans with them and I can't believe they can wake up every morning and do this with no remorse. Crazy thing is they have the ability to make it right with hundreds of people, they have the opportunity to be a great company and they choose otherwise.
Even Ocwen's phone and information system is a joke. I called and it tells me my last payment of $2634.95 was received on March 5th 2007 and my NEXT payment of $1,2040.26 is due DECEMBER 1, 2006, 2006? They are a year behind!!!! and I didn't even owe that!!!
Then it tells me my hold time is 87,000 minutes.

OCWEN FEDERAL BANK AKA OCWEN LOAN SERVCING, LLC EVERY MONTH IS A NEW FIASCO

OCWEN FEDERAL BANK AKA OCWEN LOAN SERVCING, LLC EVERY MONTH IS A NEW FIASCO. WHERE DO I START WILL IT EVER END? TRIED TO BE CIVAL, HAVE DOCUMENTATION THROUGH MONEY GRAM THAT PAYMENTS HAVE ALWAYS BEEN PAID ON TIME AND TODAY I SIGNED FOR SOME DEFAULT PAPERS FROM OCWEN. ORLANDO Florida

From: http://www.ripoffreport.com/reports/0/286/RipOff0286330.htm

MikeTulsa, Oklahoma
11/23/2007 5:26:00 PM

And so it begins...Four years ago our mortgage was purchased by Ocwen from Deutch. Due to health problems, I couldn't pay my payment for about 6 months. My payment was $880.00. I borrowed money to pay my loan up to date of $5,280 plus a probable $100 in fees a month. When I went to their attorney's office, I was shocked to find out 6 months of payments added up to $11,500 to stop foreclosesure. I had to borrow more money. I paid $11,500 so that I wouldn't have to lose my home for my 4 children. Everything went okay for about a year. Every month we paid the amount owed through our checking account until Ocwen started saying that the payment wasn't received. We checked our bank and the amount had been cashed within days of our mailing it. They had the check within the due date but went ahead and added a late fee and then eventually claiming that checks weren't received. So we used their speed pay program which charges about $14 wech time to receive the autimatic confirmation through Ocwen. The payment changed monthly due to the ARM. We would call in to do a speed pay and the amount was always different than what we had been told via mail so we started using money gram/western union to confirm our payment at an additional cost to us and so that we would force them to accept our payment. We actually paid more than they asked thinking that this would offset their fake claims and charges concerning our escrow. We paid our own insurance (and taxes), they forced their policy on us. We had our agent send proof numerous times and they just keep the charge on there. Also, they say we make partial payments and we never have. They played with our escrow and now it is negative again! We called numerous times and get Ocwen representatives from India. We couldn't understand them except for 'Pay or we foreclose on you'. The only way I got the ball rolling at all was to e-mail the omsbudsman at ocwen and I did receive an e-mail that it would be looked into. I later received a payment history showing that I always made timely payment every month, but the stements also showed that they divide that payment how they like by partially applying it to different areas on my account. I asked for it to be clarified...never any answers that made sense. The last 3 months the Federal gov't dropped the interest rate and my payments keep going up every month. As of today's date of 11/23/07, my was $1,265 to $1,285. I believe that it should be going down not up. Today on my Default papers brought to my door, it stated LATE charges as $1,322.89, fee/expenses $1,165.72. So, we acutally are not behind in actual mortagage payment but they are threatening us to pay $4,055.74 or default. Go figure. I am so sick and tired of this. I tired handing this the way you should by talking to the proper channels, by sending e-mails, by sending registered letter with documentation, by also faxing said documentation to the number they provided me. I keeps them off your back for about 3 months and then it starts all over again.If you have advice for me in dealing with this dishonest company, please let me know.Mike & NatalieTulsa, OklahomaU.S.A.

Ocwen-THE MORTGAGE SERVICING RACKET

From : http://hubpages.com/hub/CROOK_ALERT_6--FORECLOSURE_FACTORIES

THE PREDATORY TACTICS OF SOME MORTGAGE SERVICERS INCLUDING JP MORGAN CHASE ARE SQUEEZING HOMEOWNERS ACCORDING TO AN EXCELLENT BUSINESS WEEK ARTICLE BY MARA DER HAVANESIAN 12-25-06
Randy and Jennifer Rimstad of Minnetonka, Minn., refinanced their mortgage in 2004 to replace a 50-year-old furnace and pay for their youngest daughter's wedding. In May, their interest rate jumped to 8.55% from 5.5%, pushing their monthly payment from $1654 to $2295, and the Rimstads buckled under an adjustable rate mortgage they say they didn't understand and could ill afford. Then came the collection nightmare that tacked on another $700 or so in monthly payments.
On Dec. 5, OPTION ONE MORTGAGE CORP., a Kansas City (Mo.)-based unit of H&R BLOCK INC., foreclosed because the Rimstads owed more than $18,000 in late charges and attorney's fees, on top of their past-due payments. After 24 years under the same roof, the Rimstads face an uncertain future. "I don't know what will happen to us," says Randy, 57. "We don't have any place to go." Option One says it can't comment on the specific amount owed, but that it has been working with the Rimstads and will continue to "explore options toward a solution."
Millions of other families in the U.S. could soon find themselves in the same dire straits. some $1.2 billion in adjustable mortgages will shift to higher rates in 2006 and 2007, more than half of which are to borrowers with less-than-perfect credit, or subprime borrowers, like the Rimstads. these loans already are defaulting at unprecedented rates. Lenders are in large part responsible because they sold risky and unsuitable mortages to unsophisticated borrowers, In some cases, of course, careless borrowers shoulder some of the blame. But some say there's another force at work: agressive servicing tactics, "predatory servicing has attracted little attention, yet in many respects it is more vicious and the adverse consequences are more far-reaching," says Jack M. Guttentag, professor of finance emeritus at the University of Pennsylvania's Wharton School.
Mortgage Servicers collect and record monthly payments as well as manage insurance and tax payments on some $10 trillion in mortgage debt outstanding. lthey also manage defaults and collections when loans go bad. Critics of the industry, such as Rawle Andrews Jr., a bankruptcy attorney with Andrews & Bowe in Washington, call them "foreclosure factories."
Servicer abuse is not new. Still, regulators had hoped the industry would have cleaned up its act since 2003 when the Federal Trade Commission and the Housing and Urban Development Dept. slapped a record $40 million fine on FAIRBANKS CAPITAL CORP. in one of the worst cases of predatory servicing, which involved many of its 500,000 customers. Says Kurt Eggert, a professor at Chapman University School of Law in Orange, Calif.: "The FTC hoped by nailing FAIRBANKS it would send a message to the whole industry. It hasn't yet."
SOFTWARE GLITCHES
Any number of predatory practices from not crediting payments to prematurely intitiating foreclosure proceedings, can send struggling home buyers over the edge. "In the subprime market, it's a huge deal because they're already in a loan that is very expensive. If you live paycheck to paycheck, the penalties of delinquency sink you deeper," says Alfred Ripley, legal counsel for consumer and housing affairs at the North Carolina Justice Center in Raleigh, a non-profit that helps low-income families statewide.
Ivy Jackson, a director at the Housing & Urban Development Dept., is bracing for a lot more consumer complaints. "the speculation is the servicers don't have enough people to handle the volumes. "We're hearing that they're not set up to service [exotic] loans. "
Bureaucratic snafus and software glitches are no small problem in the servicing industry. Huge errors stem from the massive turnover of ownership alone. Servicing rights for any individual mortgage are valued separately from the actual loan and are often sold repeatedly by banks and third-party servicers, without customers having a clue or a choice.
Still, there is no rule that says the old servicer must transfer the entire record to the new servicer. Often borrowers aren't informed of a change, and they use their original payment coupon book and send checks to the old address. The checks usually get sent back to the borrower while the new servicer chalks it up as a late payment, deducts a penalty from the mortgage, and marks it as underpaid. After a few months of this, the loan is recorded as delinquent. But the customer may not know anything is wrong because servicers aren't required to to send a statement, and if they do, it is often incomplete. A foreclosure notice can be the first indication of any trouble. One HUD investigator says in a recent case a borrower faced foreclosure because 19 mortgage payments were missing. "The servicer found all 19 payments in what we call 'a miracle' because we got involved," says the investigator.
A TERRIBLE ABUSE
Others aren't so lucky. consumer lawyers say the system preys on the ignorance of borrowers and creates an opportunity to add false fees and charges not authorized by law or their mortgage contract. "The subprime servicer has found the perfect class of people with spotty credit records who are less likely than others generally to stand up for themselves," says attorney Robert C. Hilliard, a partner with Hilliard & Munoz in Corpus Christi, Tex. "And they are relentless about scaring the living daylights out of these people."
Hilliard has brought four cases against West Palm Beach-based OCWEN FINANCIAL CORP., which, with a $50 billion portfolio, is among the 10 largest subprime servicers. (Two were successful, one was dismissed, and a fourth is in early stages.) In one case, a galveston County jury in Texas awarded Sealy Davis, a widowed grandmother who was a nurse's aide at a children's hospital, $11.5 million after finding that Ocwen committed fraud in servicing her home-equity loan. OCWEN'S general counsel, Paul Koches, says an offer to cancel the entire debt and permit Davis to keep her home was rejected early on. "They were bent on a litigation strategy to play the jury sympathy card against a deep-pocket defendant," he says. The case is on appeal.
Paying on time isn't enough to protect customers from some wily servicers. A servicer might even pocket an extra payment and never credit it to a borrower."I have audited loans where the connsumer has made all payments on a timely basis and yet the servicing company manufactured a default and, in some cases, completed a foreclosure," says Marie Mcdonell, an Orleans, Mass-based mortgage finance analyst who specializes in the auditing of mortgage loans.
For borrowers with financial woes, the servicing maze is the most difficult to navigate. Fifty-seven-year-old Lynda Allen, who makes $51,000 a year, says her monthly paychecks were erratic in 2002, and she fell behind. when she tried to come clean and make good with Houston's LITTON LOAN SERVICING, she says the company billed her $33,000, including penalites, to cover four monthly mortgage payments that would have totaled $13,000 otherwise. She still pays Litton, but filed personal bankruptcy four years ago to protect the home she has lived in for the last 13 years. she fears "they'll take my home" when she emerges from bankruptcy.
LITTON says it won't comment on specific loans because of privacy issues. But given the surge in defaults, the pressure is high to keep people in their homes, says Larry B. Litton, chief executive of LITTON LOAN SERVICING which services loans worth $60 billion. "We are trying to lower credit losses. The last thing we want to do is raise the bar and make it more expensive for borrowers to stay in their homes." Litton says the company can lose up to 50c on the dollar if loans go bad and is willing to renegotiate interest rates and waive fees. "If a customer is really motivated to keep their home, nine times out of 10 we can help that borrower stay in their home," he says.
Not all players are so generous. McDonnell says when a consumer runs into some trouble causing him or her to be late for just one payment, the default rules written into the servicer's software appear to drive the loan mercilessly toward foreclosure. "It's as if there is zero tolerance for a delinquency, so that a payment made past the grace period is recognized as a default. At that point, payments are refused," sahe says. McDonnell is fighting to recind the Rimstads' loan under alleged violationjs of the Truth in Lending Act.
Servicers have also been known to tack on charges for insurance that isn't required or that the homeowner already has. The customer remains oblivious because he doesn't get a statement. then when the mortgage payment isn't enough to cover the new policy, the entire mortgage payment gets placed in a so-called suspense account. The servicer then reports the borrower as delinquent and charges a late fee. Says Guttentag: "They should record the payment and record a deficiency in the escrow account, which they are entitled to do. But to make the payment late because they put it in the escrow account is in my view a terrible abuse."
Such may have been the case with Vanessa Gholson of Dinwiddie, Va. Her attorney, Dale Pittman, says 98 different people at CHASE HOME FINANCE tried to sort out why CHASE bought flood insurance for Gholson unbeknownst to her, and then marked her delinquent and charged her late fees when her regular mortgage payment wasn't enough to cover the new policy as well. Eventually CHASE, a unit of JP MORGAN CHASE & COMPANY, refused her mortgage payments because it wanted her to pay the delinquent amounts. Next, it hired a law firm to pursue foreclosure. a CHASE spokesman says the bank purchased Gholson's mortgage from another lender, and the contract indicated that she needed flood insurance, Gholson says she lives nowhere near a flood plain. After 21/2 years of fighting, CHASE settled with Gholson in December for $25,000, including legal fees. Says Gholson, 43, who works three jobs to pay $721 a month for her $86,000 4-bedroom house: I work too hard to let them take my house from me."
Critics argue the fundamental business dynamics of servicing inspire wrongdoing. First, consumers have not choice about who ends up as their servicer, so market forces don't push servicedrs to compete on qauality. Also, while some banks hold servicing rights along with loans, others are sold to third-party servicers who don't have the same incentive to maintain a good relationship in order to sell such other products as a checking account or investments. Says North Carolina attorney Ripley: "It's a fixed return for that buyer, so if they want the asset to perform, they have an incentive to generate as much fee income off of each loan as possible."

Ocwen - These BASTARDS Have Screwed with the WRONG Schlamozzel!

From: http://www.epinions.com/content_108449861252

ProsAbsolutely without a question there are NONE!
ConsVisious, recalcitrant, monitarily disemboweling bunch of armpit fuzz!
The Bottom LineIf you are looking for a "fast track" to a HEART ATTACK deal with this financial institution. Otherwise, RUN FOR YOUR LIFE!
Full Review Hi there,
Schlamozzel here with another "SLUMLORD" nightmare to discuss. What happens when your mortgage gets "sold off" to another service company.
Ocwen Federal Bank
This financial institution is located in Florida. They are a subsidiary of a large financial services corporation, which I consider to be "The Borg" of finance.
My problems began literally the month this company took over servicing a loan I have on an investment property. They failed to properly depict the true and accurate amount of funds held in my escrow account. (This is an account that holds funds for distribution to cities / towns for property taxes, insurance etc.) Upon contacting them at 1 800 74OCWEN you are immediately placed into an automated calling cue where you MUST enter a lot of "numerical" personal information to continue. After doing this the wait is usually between 7 to 25 minutes before the call forwards to something that breaths. When you actually get to a "human being", you must repeat all the same personal information all over again.
Shortly after this occurred, I received a letter with a check in the mail, "We have done an escrow analysis. Based upon our findings, please find enclosed a check in the amount of $1,322.71. This money was overpaid by you."
I call Ocwen Federal Bank's "Marquise deSade" line at 1 800 74OCWEN again, "Why in hell are you sending this money to me? It should have gone to pay my property tax bill!"
"Oh we don't hold escrows for taxes on your account sir."
"Oh yes you do."
"Sir, WE DON'T hold escrows on your property taxes. This is your money, feel free to spend it as you wish."
"Look sweetheart, see on my account how much I'm paying every month?"
"Yes sir..."
"Good! now, if I'm REQUIRED my my loan instrument to pay that amount, and you DON'T hold escrows for taxes, and I HAVE BEEN paying this loan for 2 years, then my PRINCIPAL balance should be much lower, shouldn't it? Well since it isn't and you claim you don't hold escrows for taxes I'd likje you to twll me where the money is. Oh and by the way, since you don't hold escrow money for my tax bill, why does it say that I paid funds to establish the escrow account on the ORIGINAL LOAN DOCUMENTS I signed two years ago?"
"You don't have those documents sir."
(At that very moment, when such an idiotic remark was made I tore my shirt off of my body and could feel the veins in my forehead bounding out of my skin to resemble a topographical map of the Himilayas.)
"Give me your fax number."
"What do you mean..."
"Give me YOUR GODDAMNED FAX NUMBER NOW!
"Sir theres no need for you to speak to me in that manner and (blah blah blah) I don't see the need for you to fax anything..."
"I'm going to send you all the original loan documents you just said I don't have."
After 5 repeat calls the problem was resolved. Or so I thought...
5 months later I got another check with another letter...
This time I wind up going through 3 days of repeated calls to escrow department specialists, managers, supervisors and had to threaten legal action before resolution occurred.
Currently...
Schlamozzel has had enough. Schlamozzel has encountered a very difficult situation with this "bank" recently that has cost nearly $6,400.00 to resolve. Yes, it was Schlamozzel's error that caused the problem. But the problem was resolved according to all the papers from Ocwen Federal Bank's attorneys and Schlamozzel's attorneys.
Schlamozzel received a letter from Ocwen Federal Bank 5 days ago informing him that he owes this "bank" almost $2,600.00. This time Schlamozzel's attorney is bringing the matter to the Massachusetts Commissioner of Banks and Office of the Attorney General.
I will update as soon as more information is available.
Cheers,
Schlamozzel

Mortgage Nightmares Come True Consumer Alert: You Can Pay Your Mortgage And Still Lose Home

From http://www.cbsnews.com/stories/2003/11/28/eveningnews/main585953.shtml


(CBS) Jo Scheck's American dream -- her own home -- was lost when the mortgage payments for her Bel Air, Md., townhouse skyrocketed. "You get this letter April 3, 2000, telling you that your mortgage payments have been increased by $400 a month?" asked CBS News Correspondent Randall Pinkston. "Right," Scheck replied. For years, she'd paid $900 until her mortgage servicer, Ocwen Financial Corporation, said they hadn't collected enough for the escrow. Ocwen reduced the payments by $100, but not enough for Scheck, who was forced into foreclosure. "This is a mistake that they admitted making. They said, you know, sometimes things like this fall thru the cracks," she said. In Hartford, Conn., Kweku Hanson claims Ocwen tacked on homeowner insurance he didn't need, and never credited the thousands in extra payments he'd made on his loan. "The money went to Ocwen, that's all I know," Hanson said. "How much do you think you've lost?" asked Pinkston. "I would say at least $8,000," Hanson answered. Hanson has filed a lawsuit against Ocwen alleging unfair consumer practices. Ocwen calls his charges baseless. Hanson and Scheck are among hundreds of homeowners who have complained about Ocwen's mortgage servicing practices -- complaints that include misapplied payments, bogus late fees, and erroneous threats of foreclosure. "We've seen many consumers who have proof of their mortgage payments but nonetheless are receiving harassing phone calls, default notices and legal complaints leading to foreclosure, inappropriately," said David Berenbaum, National Consumer Reinvestment Coalition.. In a statement to CBS News, Ocwen says they "resolve delinquencies in eight out of ten cases..." that there's "no financial benefit to Ocwen in foreclosing..." Ocwen says they are "closely monitored by federal regulators." In 2000, the U. S. Department of Housing and Urban Development determined that Ocwen had violated rules and regulations on loans Ocwen serviced for HUD. Ocwen agreed to pay $50,000 of HUD's costs to settle the accusations. "There's a real need, I'll add, for better policy and regulation of our mortgage industry especially in the sub-prime marketplace," Berenbaum said. At the least, Jo Scheck wants an apology for her foreclosure -- one she believes should never have happened.

Do not use Ocwen for anything.

This company forced me to sale my home that i only had for one year to the date of sell. This company reported my payments as being late, sending partial payments, saying my checks had the wrong account and or routing number on them. They refused to let me make a payment towards my home loan. They have reported fraudulent information to the credit bureaus. The credit beureaus, DFI, attorney generals office, senators, govenors office will not help you.
They say they cannot make them take this information off of your credit report. I provided proof fom my bank statements and members from my bank also called wrote a letter yet this company still refused. Our country sucks! They allow this OCWEN to do business here in the United States. This company is outsourced to Iran and you can barely understand them. They are rude and will hang up on you.
The bottom line is do not do business with this company we the people should bumgard the govenors office with our complaints. We voted to get these people in office not just to sit there. They should do something about this. WARNING do not use OCWEN for anything! Worst Bank Ever Ocwen bought out my loan back in 2002. They are absolutely the worst bank ever! Terrible customer service and idiots working as loan agents. They randomly charge me late fees when my payments have been on time, they have misapplied funds, they do not return phone calls or emails promptly, and their customer service is rude and pretty much incompetent. DON'T BANK WITH THEM.

It isn't just mortgages that Ocwen is suspicious about... Others beware

My husband is currently on the phone trying to determine the source of Ocwen's account that is in his name, and I am looking for a lawyer to contact regarding this. I thought I would share it here, since others looking up Ocwen to check them out will find this report like I did.A month ago we received a call from Ocwen, requesting that my husband pay on an account that had been transfered to them. According to them, the account had originally been held by CitiBank and was a Visa card. My husband has never had a CitiBank Visa, so was confused. I initially looked up Ocwen and found this, so I was alarmed. We looked up his credit report on Equifax to check out what it said. We found the apparent card, but that it was held by Midland and apparently sold. We then contacted CitiBank, giving them his name and social. They had no information on him, or even anything to show he had ever been a CitiBank customer. We spoke with Ocwen again a few days ago, and my husband reported his findings. The rep that he spoke to said she would have to call CitiBank and did we have a phone number. He looked up a number and gave it to her. It was the same 800 number we used. Today the rep called and had the same conversation with my husband, again asking for a number for CitiBank. My husband was rather exasperated that they hadn't called the first time he gave the number. He was able, though, to get the account number that had been the CitiBank Visa account this time.He called CitiBank again. They had no information on the account, only that it had been transfered by them to Midland. Calling Midland he found out that it had been transfered to Ocwen and that they now had information on the account. The rep at Midland gave him instructions on what to do to clear this account and have Ocwen close it, but reading this report I am worried that Ocwen may not do so, even if we are able to show definatively that the account was never his. It's a long and drawn out story, and I hope that someone else seeing this report will realize that there are problems with Ocwen's collections practices in more than just mortgage loans. Thank you,

Robin: Enough is ENOUGH! Have the last word!

Robin:I do not know what your agenda is. You have NEVER been an Ocwen victim (or a victim of any other mortgage fraud whatsoever). I took you (and about 3 other folk whom I 'met' online) into my closest confidences. Aside from Marlene from Florida (who IS an Ocwen victim), I doubt that I took any other person so closely into my trust.I do not know what has made you turn spiteful. I do not CARE any longer what has made you turn downright detestful. I think it is a crying SHAME that you are now using this forum to bash me so baselessly and deeply discourage other victims.LISTEN UP, BECAUSE THIS IS BEGINNING TO IRK ME (if that was your secret agenda, then congrats, you succeeded in plucking my nerves): I have NEVER wavered from my determination to expose Ocwen and halt its piracy.In Chicago (as I confidentially told you at the time), Judge Norgle told me to 'sit down' when I sought to be heard AFTER my lawyers had spoken on my behalf, because it became clear that although I may have been an experienced class action lawyer and the driving force behind the class action up to that point, I had filed the Ocwen lawsuit as a PLAINTIFF and NOT as a LAWYER (although I am very much one), and my opposition to a quick settlement which would not be in the best interests of the class but which could enrich the class action lawyers and let Ocwen off the hook made me more or less a pariah to everyone there.The Court record in Chicago makes clear the reasons we REJECTED being part of the Plaintiffs' Executive Committee (something lawyers FIGHT for, because being on the plaintiffs' leadership team means handsome compensation at the end of the day when there is a settlement).IF you are disappointed because you misread the Hanson lawsuit's Civil RICO reference to mean that somehow we had slapped Ocwen with criminal charges, that is not my doing. What the FBI does (or does not do) with evidence of criminal wrongdoing forwarded to it by me, Marlene, and countess other victims is up to the FBI, OTS, HUD, IRS, FTC and other alphabet soup agencies, but do not paint a bogus portrait of me simply because perhaps I no longer have the time or desire to send you private emails day-by-day, or because your pet RICO charge may have been sidelined by the class action leadership which emerged out of Chicago after the MDL transfer.NOTHING subtsantive has changed, as far as I KNOW, since we went to Chicago. The case is marking time there (as it did to some extent in Hartford) while the lawyers on both sides 'talk'. In due course, the rest of us victims will know what the outcome of those 'discussions' is, and if anyone does NOT like it he or she is free (as in the Fairbanks case) to opt out, or appeal. You already have my private emails in which I spelled out what MY reaction would be if a settlement occurred that I perceived as not doing justice to the victims such as Shirley whose house was stolen from under her in Georgia, and what my recommendation would be in my posts at that time in this and other fora.For you to have known specifically the myriad reasons for my silence and self-restraint on these boards because I kept you informed although I had no obligation, and then to ask publicly 'is he [Kweku] dead? Is he sick?' etc., so as to create an impression that somehow I was hiding behind some facade was an almost unpardonable offense. Now, your response to Alice's post shows your true colors.Giving credit where credit is due, you happened upon this cause and adopted it and posted helter-skleter, helping encourage the frazzled victims. However, you were NEVER aboard the victims' bus because you were never victimized by Ocwen or another mortgage servicing entity. Therefore, you had no ticket to ride my 'imaginary' bus. You were NOT my co-pilot, so you cannot espouse from the great well of your profound knowledge that somehow I have turned a bus around and am misleading folk. That is an almost slanderous insult that I cannot let stand unanswered, even if it means breaking my pledge not to be baited into foolish distractions which in the end do nothing to benefit the real victims.I am NOT God or a god. I am NOT the federal judge. I am NOT (officially, anyways) even one of the plaintiff's class counsel (as I made clear to almost every victim in the over 4,500 emails I had to write/reply to since July, 2002). I cannot, and will not, be the Miller or his son who carried their mule until it struggled and fell in the river simply because folk criticized the Miller for riding and resting while his poor son walked, then scolded the son for riding while his old man walked, then criticized them both for cruelly overburdening the donkey by mounting it at the same time, until profoundly embarrased, they decided to carry it instead to deflect criticism. I am NOt in this quest to win brownie points.IF you are so prescient as to discern by osmosis that I have made a U-turn and am misleading folk, congratulations! I did NOT solicit Affidavits. What I have steadfastly stated in thousands of email replies to folk who find out about the Hanson lawsuit in the search engines is that IF folks elect to send me something, they MUST send it under oath, to thwart 'fake victims' derailing our ability to prove the numerousity prong of a Federal Rule 23(a) class action, and to prevent Ocwen from deposing everyone whose emails we get (who would pay my cost of attending all those depostions nationwide, if we had not demanded affidavits to make such depositions futile?).I have NOT ever told anyone that UNLESS they send an affidavit they cannot be part of the class. Indeed, I have taken pains to point out to many that UNLESS they send in stuff to help prove that we are numerous victims, we may never get a nationwide class certified. And to this day there has been no hearing on our class certification motions filed in January 2003, MEANING EVERYONE IS (contrary to what Donna insinuated) FREE TO FILE THEIR OWN CASE AND TRY TO GET IT CERTIFIED! And sending me an affidavit in no way disqualifies anyone from suing Ocwen directly or in their own class action (assuming they have the resources and energy to take on Ocwen while fending off foreclosure of their own home).Have the LAST word, Robin, as my time is better invested focusing on work that benefits the real victims as opposed to responding to a never-ending cycle of ever-more pointless prevarications.Kweku Hanson

The Tourch is Passed

We all have seen for our own eyes.This fight is not about Money.It is what we believed.We believed that wrong is wrong.Therefore it must be stopped.Ocwen will be stopped.Take it to the Bank!

Ocwens preditory lending practices used to ensnare unwitting borrowers

In 1998 we borrowed against the equity in our home for improvements and refinanced in 2000 to complete the project. Our loan is currently being serviced by Ocwen FSB. After two attempts to forclose against us, which we avoided by borrowing against our 401k plan, we are now faced with fees in excess of $1200. These fees are being charged by Litton Loan Servicing for foreclosure proceedings and were added to our payment schedule after Litton Loan Servicing, LLP transferred the loan to Ocwen FSB. We are unable to pay the fees and are currently making the monthly mortgage payments only on a simple interest loan. Because of the nature of our terms, greater than 70% of our monthly payments are applied to the interest only. After making payments since 2000 on the new loan, approximately 90% of our loan principle balance is still due. Since I had been told by Ocwen service representatives that the fees charged are perfectly legal, I am alarmed to see a class action suit has been filed for aggressive lending practices. It is also alarming to know that Ocwen's goal appears to be possession of the home rather than servicing of the loans.We have been grossly misled by all those involved in the lending process with regard to our loan. We are left with few options and are considering putting our home on the market in an attempt to gain some relief from a loan with terms impossible for us to manage. It is my hope that this action against Ocwen will spark others like it to prevent homeowners like ourselves from being victimized.

How did Ocwen come into play anyways? Ever Wonder?

I do all the time. How were they so lucky to take over 21 thousand dollars without any questions or a gun. HUD let them in the door. And we will never know the truths as Ron Brown who was Chief of Operations of HUD in 1996 was being summons left and right for all the rift raft going on inside HUD. I talking big time names and trouble that would have been a most certain disaster for the Clinton Whitehouse. How intresting that Air Force 2 crashed before all these notices to appear were delivered. I believe Mrs Clinton and their Daughter were on that plane a week before the fatal Crash that killed the secretary and his staff. They knew too much maybe didn't they! Come on this was no cheap obsolete aircraft that went down, this was Airforce 2. Somebody didn't want to see Mr Brown on the stands and were afraid of his possible testimony. The details surrounding this crash were to phoney and there was nothing wrong with this special Jet designed for the Chief excective mainly the Vice President. Read what happened and it will blow you away. Oh by the way their was a survior. The Airline steward who was in the very back of the Jet which was the only portion of the plane that was left. She lived for three days and was rescued and in route to the Hospital died for a strange reason, a severed femerol artery.Three days she lived and was fine and talking.Well that was put to rest. No survivors. Oh one more thing, why would Air force 2 just crash into a mountain? Any guesses? A beacon was set up for the Aircraft to follow as it was instructed but it was on course for a sure collision with the mountain. My point, HUD was doing some bad things and were about to be exposed. The all died and with that a close to that chapter.Oh The Presidential fleet of jets don't crash. This was no get your googles on boys and don't forget the scarfs. This was a new and well maintained aircraft just used by the first Lady and her Daughter.. Ocwen stole 21 thousand dollars of my money when I refinanced making up a story I had arreage with HUD so it was Ocwens Money now since they were able to buy my loan so cheap. Wait until I write it off on my taxes as theft and let see some heads turn.

Where in the World is Kweku Hanson? Inquiring minds really want to know!

I see exactly where Donna is coming from in her post.Mr. Hanson used this site and others to gather affidavits from many victims, possibly hundreds, while all the time assuring everyone that he held enough 'ammo' to bring Ocwen down with criminal charges. (If you find that unbelievable, search this site for his posts)The move to Chicago was an unforseen and unfortunate bump in the road. That move was not under Hanson's power to prevent.Since that move about one year ago, Hanson has been very, very, VERY quiet. He is posting nowhere. No one seems to hear from him anymore. It is like he has faded away. There are no updates as to the status of this case anywhere.Does anyone know that any criminal charges remain in this case? I am skeptical of that once the Big Law Firms got involved.Studying the docket in Chicago, many Motions to Remand are appearing. Plaintiffs are taking these cases back into their own hands and back to their own states. There must be a reason for that.As of my last check a couple of weeks ago, there is one Motion to Remand conspicuously absent....Hanson's. Hanson does have the power to at least try to take this case back into his own hands, yet he is not exercising that power.One must wonder why this case languishes in Chicago without a peep from Hanson. The clock continues to tick and a settlement will be reached eventually.Mr. Hanson evidently has chosen to stop posting anywhere about this matter. Why? Why is there no attempt to move the case back to CT and make sure that those criminal charges are still in place? What is he waiting for? Why is this formerly very outspoken lead plaintiff suddenly mute? Where are all those affidavits, where is all that personal information?Draw your own conclusions from this. I am dismayed at what these facts seem to point to. I don't want to believe what this combination of actions (or inactions) says to me. I have fought it tooth and nail, but, folks, it ain't looking good. My instincts are screaming 'FLEE'. There are too many questions in my own mind about what is going on.If I were a member of this suit, I would be attempting to withdraw from it. Right now, today. There is something terribly wrong in the turn this has taken...I fear it may lead many to a dead end.I hope, I pray that I am wrong. The only person in the world who can quell the doubts chooses not to speak out.What in the world does Mr. Kweku Hanson think that people must be thinking by now? Where, oh where is he? Is he dead or alive? Are his fingers broken? Is he ill?Inquiring minds really want to know.