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THE GHOST BREAKERS OF OCWEN reveal Ocwen has backdated documents-Just in time for Halloween
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Just in time for Halloween.
Ocwen’s meat seems to be falling off its skeleton, more and more. Ocwen and its many, many affiliates of Ocwen- leaving out the infamous name
Ocwen
such as Altisource residential, multisource asset management Corp., Altisource portfolio and of course, Ocwen’s home loans servicing solutions and their offshore gigantic business. Is it necessary to have all these disguises of Ocwen? The sludge in the cauldron thickens and bubbles – Ocwen has been beating up homeowners for years with illegal documentation and phony papers and added on fees, made up services not rendered, their phone scams, etc and then screaming it’s the homeowners fault constantly.
Finally, someone has the brainpower and the guts to start saying enough is enough to Ocwen and “affiliates”. Ocwen’s stock and these affiliate’s stocks dropped when more information showed Ocwen, besides their other shady bag of tricks thrown on homeowners, had been causing homeowners by the hundreds of thousands to get “backdated” letters from Ocwen creating foreclosures without homeowners having a chance to modify or negotiate even if they could or wanted to. OOPS – you missed the deadline excuse – no can do – “backdating” – what a SCAM. Well, we can hope that’s Ocwen’s tricks will not end up being treats for them and so far, things for homeowners are looking up in regard to Ocwen being EXPOSED. Ocwen stocks are down and their ratings have been downgraded. Credit rating down from the S&P ratings. Ocwen’s affiliate, HLSS was downgraded by Compass Point from buy to neutral. Others who have wised up to Ocwen – Moody’s Investors Service, Bank of America, Evercore partners – all gave “downgrades” to Ocwen. Barclays – advising clients to be “more weary of a worst-case scenario” – “when it comes to Ocwen”. Fitch ratings – warns against Ocwen as of Friday, October 24, 2014 that it placed, “all the US residential mortgage service ratings for Ocwen loan servicing” on “rating watch negative”. While all this is good news for homeowners and America who have been beaten up by Ocwen – there is still the possibility of more good news to come when other investigations can be done to further the illegal conduct and abuse Ocwen has cost. Hopefully these investigations will not only lead to possible monetary damages but more important- not only offer a slap of penalties or limit their operations but shut Ocwen down completely. Years of people’s lives have been harmed and still are- Thanks to Ocwen Servicing presenting Illegal actions against homeowners – NYDFS will have its hands full pinpointing down Ocwen’s behavior. They have deception going in so many directions as I can personally reveal.
Ocwen has weaved a grand web of deception, a labyrinth of confusion that will take perseverance and dedication to unfold but with this latest news from the NYDFS, Mr. Lawsky – Sen. Warren – Rep. E. Cummings and those others who are concerned about prevailing against Ocwen’s corruption which is growing bigger and stronger with their offshore operations. Things are looking up that Ocwen will be reeled in and Ocwen’s spooks will be revealed.
This article is not intended to give advice – the contributor is not an attorney.
