WSJ | Ocwen Financial Discloses FTC Probe

Categorized | STOP FORECLOSURE FRAUD

WSJ | Ocwen Financial Discloses FTC Probe

WSJ | Ocwen Financial Discloses FTC Probe

MARCH 3, 2011, 5:09 P.M. ET

By RUTH SIMON

Ocwen Financial Corp. said it is under investigation by the Federal Trade Commission, which has asked the mortgage-servicing company for information about its employee training, debt-collection practices, loan modifications and foreclosure procedures.

The Atlanta company, one of the largest home-loan servicers in the U.S., received a formal legal request from the FTC for documents in late November, Paul Koches, executive vice president and general counsel at Ocwen, said in an interview. Ocwen is “fully cooperating” and is “not accused anywhere of any wrongdoing,” he added.

“We are taking it as informational and are providing the [requested] information,” Mr. Koches said. In a securities filing Monday, Ocwen said it had received a “civil investigative demand” from the federal agency.

Continue reading … Wall Street Jounal

© 2010-14 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.






Comments

comments

Related posts:

  1. S.D. Mississippi Order Denying Summary Judgment HOOTEN v. OCWEN LOAN SERVICING JAMES KEITH HOOTEN, et al. GERRY RENEE HOOTEN, Plaintiffs, v....
  2. Ocwen Leads Mortgage Servicers in Converting Federal HAMP Trial Loan Modifications to Permanent Status May 18, 2010, 1:01 p.m. EDT 83% of Ocwen’s Trial...
  3. False Statements: Scott Anderson, Deutsche Bank National Trust Co., Law Offices of Marshall Watson, New Century Mortgage Corp., Ocwen Loan Servicing, LLC False Statements Scott Anderson Deutsche Bank National Trust Co. Law...
  4. New MERS Standing Case Splits Note and Mortgage: Bellistri v Ocwen Loan Servicing, Mo App.20100309 Source: Livinglies From Max Gardner – QUIET TITLE GRANTED Mortgage...
  5. JUAN PARDO…"I wear many hats (too)" MERS/ OCWEN/ Union Capital/ Berkeley Livinglies blog: Juan Pardo MERS/Ocwen cross employment. Have a dozen...

This post was written by:

- who has written 6936 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

3 Responses to “WSJ | Ocwen Financial Discloses FTC Probe”

  1. D dianne M Baginski says:

    Recently i filed a complaint against a call for Summary judgemant. Ocwen has filed a default notice based on it’s demand to collect default fees at 10% of the regular scheduled paymnet. The legal limit for default fees in Ohio is 5% as written in ORC 1321.57 for open end loans under 100,000. The demand to collect the illegal fees with threats of foreclosure should be held to be extortion . and theft by misrepresenbtation. Willian Erbey ceo and John Van Vlack of Atlanta CFO were informed by certified mail of fraud at Ocwen on Oct 18 2010. According to ORC 1321.56 the intentional charging of these 10% fees is punishable by loss of interest. the interest paid for the last 12 yrs is over $65,000.
    i attest that this is true and accurate
    D Dianne Baginski Guernsey County Ohio.

  2. Tracie says:

    To whomever FINALLY started paying attention…. THANK YOU!! Ocwen has made us feel just short of crazy. I’ve never dealt with anyone like this and NEVER want to again!!

  3. Sara Kephart says:

    Ocwen bought my loan 2 years ago and I have been fighting ever since. From false late fees, to false credit reporting, and now to more than 1,000.00 in stolen escrow money!!! They are thieves!! I’ve owned 5 homes in my life, this is the worst company I’ve ever dealt with!

Trackbacks/Pingbacks


Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Chip Parker, www.jaxlawcenter.com
RR Compliance Consulting Inc was established to provide training and support services to the Loss Mitigation Consulting Community.  There is a huge void in the market for this training since those who are truly practicing in the field have neither the time nor interest in providing this training.
Jamie Ranney, www.NantucketLaw.pro
Kenneth Eric Trent, www.ForeclosureDestroyer.com
LATEST TOP FORECLOSURE FRAUD CASES OPINIONS
Advertise your business on StopForeclosureFraud.com

Archives