After Unloading nearly $64.4 Billion In Servicing Rights, Ocwen Still Faces Problems Last week on the heels of Ocwen’s announcement that it was selling $45 Billion in mortgage servicing rights to JPMorgan Chase, Ocwen announced it was selling $9.6 Billion in servicing rights to Walter Investment Management Corporation, the parent company of Green Tree Loan Servicing. This is on […]
Did Foreclosure Referee Get Transferred Because Of Bank Complaints? This article highlights what goes on behind the scenes in foreclosure courts using foreclosure referees all over the U.S. Foreclosure mill lawyers use their deep pockets to intimidate judges and foreclosure referees even in a state like New York that has some the most consumer-friendly courts in […]
Mortgage Lenders Cause Frank Collelo To Die In A Tampa Courtroom Fighting His Foreclosure Mortgage lenders committing another potentially illegal foreclosure have claimed another life. Frank Collelo died yesterday. The 67-year-old Valrico man died after collapsing in a Hillsborough courtroom during a foreclosure hearing. The pending foreclosure on his primary residence went into foreclosure last […]
Ocwen Under Fire For Mishandling Mortgages They Service Last month the bondholders of 25% Voting Rights in 119 Residential Mortgage Backed Securities Trusts with an original balance of more than $82 billion issued a Notice of Non-Performance to the Trustees of those Trusts,Securities Administrators, and/or Master Servicers, regarding the material failures of Ocwen Financial Corporation […]
MetLife Home Loans LLC will pay $123.5 million to resolve alleged FHA mortgage lending violations MetLife Home Loans LLC has agreed to pay the United States $123.5 million to resolve allegations that MetLife Bank N.A. (MetLife Bank) violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the U.S. Department of […]
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