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Ocwen Federal Bank Class Action Lawsuit

  • by   Sep 26, 2007
  • Review #: 105088
Company Ocwen
Category Computers
Views 436

I have experienced MANY of the exact same issues as these other complants against Ocwen. Our loan was sold to Ocwen in March of 2002. At that time, Ocwen right of the bat reported us 30 days late since they had not received the Feburary payment. The February payment was sent to the previous lending company ans Ocwen had not sent notification of where to send payments. It just went from bad to worse, the derrogatory marks on our credit report, the phony forebearance plans, the skyrocketing interest rates, failure to pay insurance and taxes, and it just goes on and on. I would really like to get information on a class action lawsuit against Ocwen. Anyone have any information that may help???

Idaho 2efb7da

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Dec 20, 2013  from Oceanside, California
Many of you might have forgotten but nor me. Let me share the past history what lead us all to the same ongoing scams with our government and banking industries. I know it knows past tense but those that went through it will never forget it and especially those that lost their hard earn investments.

Both spouse and I combined income was over 120K per year considered at that time the “middle class” folks. We purchased our home December 2004 for 490K with a 1st and 2nd deeds total monthly payments with escrow taxes and insurance $3,900.00. Litton Loan Servicing was our mortgage servicer for both loans. Our home value sky rocket in 2006 to 600K then came the recession late 2007. Our home value rock bottom to 310K in 2008 plus both loans were ready to readjust to a higher interest rate. My spouse got her layoff notice late 2007 and now only one income for the house hold.

Former President Bush was in office. No federal mortgage programs were yet in place for the consumer or banks. The meltdown continued slowly bleeding the middle class investments.

Former Bernard Madoff stock scandal fraud was exposed end of 2008 for allegedly aiding his 17 billion stock fraud scam for years and of course our government agencies never notice it.
The global markets were slowly getting hit affecting real-estate and all other industries including the banking industries. All stocks went from dollars to pennies over night. Many companies’
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Reply to Customer

Sep 09, 2013  from Austin, Texas
We lost the roof to a hail storm recently. The insurance company totaled the roof and issued the check payable to us and OCWEN. OCWEN has not released any money to the contractor. Further, there was some related damage for which there was payment in the check for drywall and paint repair. OCWEN will not release that money either. Is this legal?

Additionally, I had heart surgery in January and advised OCWEN that I would be out of work for a while. I am less than two payments behind but get at least one call a day from these people. Today, I was on the phone with them when the second line rang and it was OCWEN again. No one has any authority to assist and insist on reading their script no matter what. They must get paid for how many phone calls are placed and how many scripts are read.

Anyone else dealing with this?
Reply to Hadit

May 03, 2013  from Santa Ana Heights, California
My townhouse is worth $70k. I owe over $250k. I've been denied a modification numerous times. I've had a short sale pending with OCWEN for over a year. Just today OCWEN is denying the short sale and asking for more money from the buyer. OCWEN is effecting not only my credit score but now more than likely my livelihood. If there is anyone who knows about the OCWEN lawsuit I'm definitely in.
Reply to Jaye

Sep 10, 2013 
I can help you get a modification. send me an email to mortgageassistance4u@gmail.com
Reply to JackWhite

Apr 11, 2013  from Las Vegas, Nevada
I thought that I was all alone with the dealings I encountered with this terrible, heartless company. We all are singing the same tune and deserve justice!!!!! We can we do team this can not be fair practice and this evil must be bought to justice.. Desperate and hurt. Please let's rally to make difference for the families in need of housing/mortgage justice.
Reply to Dazed, hurt and tired

Apr 08, 2013  from Alexandria, Virginia
I would welcome joining a Class Action suit against Ocwen. Ocwen has misreported my loan to all the credit bureaus causing my score to drop drastically. Among the misreported information is that my HELOC was a conventional loan, that I was 7 months late when they didn't even have the loan. The list goes on and on. Speaking to those people is like speaking to a group of sea slugs and even with the proof in my hands and a guarantee from "CORY" that a letter was going to be issued addressing all the misreported information, they have YET to correct the misinformation some "rocket scientist" reported. Let's sue them for everything they are worth and prevent others from falling to their bad business practices.
Reply to scubagirl010

Apr 09, 2013  from Wasco, California
I sued OCWEN Loan Servicing LLC, about two years ago and got a modification, that they denied me. I know that OCWEN Bank was shut down some time ago for fraud. OCWEN Loan Servicing LLC, remaines open today.They are the servicers for Fredie Mac.They are incorpoated in Delaware.Fredie Mac and *** May was delcared incompetent in about 2008 by Bush. If a law suit was filed one must do it in Federal Court and if Freddie Mac is joined in the suit the US Attorney General would be required to defend against them. Therefore a top Federal Law firm would be required to sue if you got a class Action suit going.You would need to research the top law firms in Washington DC and find one that handles Class Actions in Federal Court
Reply to Ray

Nov 06, 2012 
I'm current with my mortage and having terriable problems with them since BOA sold them my mortage. I have asked my lawyer to file suite. I am awaiting a resonse. Does anyone know of a law suite all ready pending cause I want in.
Reply to Donna

Aug 07, 2012 
Our loan was sold to Ocwen in Feb. 2012, we had been in a loan mod process with Saxon. We had been making payments, but we were behind due to my husband losing his job in 2009. We were two months behind from that time. We had been making the payments all this time. We started the loan mod due to our high interest rate 9.85. We had lost half of our income. So the fun begins...March 2012 I sent all requested information, it is now August and they still do not have all required info. or things are outdated, (yea because you have taken so long) I was told last Friday on my scheduled appt. I would have an answer Today, guess what...Thats right, the underwriters need clarification on documents that they have had since we started. They stopped taking payments, so now instead of being $3,800 behind, now with all their fees.. and missed payments it is almost 13K I am so frustrated I could scream. I too am dealing with someone whose first language is not English, and answers my questions and concerns with the same rehearsed and scripted responses.. Help...Please
Reply to Cindy Sperry

Aug 01, 2012 
Ocwen Federal Bank,took my home,a house that I had been paying on,working as a single parent hard on for 17-yrs.I then get married and loose my husband in a horrible tregedy,and face forecloesure and loss of my home and everything inside I own,this is wrong.
Reply to VickyCurtis,Ball

Jun 22, 2012 
I had all of the same happen then after I couldn't get caught up.. The foreclosure process was getting close. I found a buyer everything was in order.. Ocwen even accepted the offer which was almost exactly what I owed. At the very last minute they pulled out when they knew I had no time for any other solutions. Now after putting 90k down on my house I lost it and have a foreclosure on my record which is an ungodly amount now and ruined my credit. This all happened in 2007 and it still shows as an open mortgage on my credit report. What a nightmare this has to be delta with legally whith these xxxxxxxx!!! They ruin lives!! :cry :( :(
Reply to Angela Holmquist from Vancouve

Jun 18, 2012 
I would just like everyone to know that Ocwen is a subsiderary of Chase Bank. I am also having the same issues everyone else is. I am constantly behind, because of the extra fee's they have attached to my loan. I get at least 1 or 2 certified letters a month, which I no longer accept. It's the same letter telling me we are in default. No offence, but everytime I call (since they have stopped calling me) my phone call goes directly to India, which i'm sorry but the majority of the people on the phone are very hard to understand. I am interested in any class action suit involving this company!!!!
Reply to Cindy O'Fallon, MO 06-17-12

Jun 13, 2012 
This has happended to us also. Ocwen got our loan from Saxon Mortage. They say we are 2 months behind. Sent a payment to them at florida office on April 28 may 26 they returned the check saying that it was not enought money. They constantley call me on cell saying we are behind on our payments. Our loan between them and Saxon has went from 54,000 to over $79,000. Ihave reported them to one of our consumer reporters here in St. Louis for investigation
Reply to Ben Lemons

Jun 01, 2012 
Were you aware Ocwen is based in India? They have a foreign corporation license in Florida.
Reply to Vicki Wendt

May 07, 2012 
i too am having issues - my house was force sold out from under me even with all my payments current but when it was sold to ocwen, everything was lost or something. With my home now gone, I quit paying. They are still charging me for insurance even with proof I no longer own the house (because of legal system mess ups -not because of me). I try to call in and am hung up on when they read my file. Now I have the title company coming after me - they are the ones who sold the mortgage to the bank. I need help but cna't find the "right kind of attorney"
Reply to DEANN

Apr 11, 2012 
I understand what you are going through because I am dealing with the same thing with Ocwen. They recieved our loan in September of 2011 from Litton Loan Servicing who went bankrupt. Our September payment went to Litton Loan Servicing which they recieved before the loan was transfered. But for whatever reason Ocwen has had us one month behind from day one and even though we have provided them with proof of payment Ocwen refuses to accept our proof. The last manager I spoke with told me that their records are correct and they were standing by that. Even though we have all of our bank statements with regards to that September payment.These people (Ocwen) are crazy. If there is a class action Lawsuit I want in. They should not be doing business.
Reply to Barbara

Dec 10, 2011 
If u r n the leiff cabraser lawsuit...checks go out dec 21st....talked to a lawyer today""!" ;) ;) :grin
Reply to jay

Oct 24, 2011 
i too now am having problems with this company.only they said we were three months behind.we had already payed three months a few years ago.the amounts always change and now they say we owe for escro to the amount of 3200.00.after already paying them 3100 the last couple months.now they are raising my payments from 703.00 to 1155.00. is there any suits going on now.please help.
Reply to melody

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