Oh, That Sneaky OCWEN still up to the same tricks!

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Any legal foreclosures Ocwen might have had were not good enough for Ocwen or its put in place, “Plaintiff” to throw out homeowners. Ocwen was alerted, notified, put on notice- court cases, fined over 2 billion for their illegal actions – yet, Ocwen continues to defy the legal system. But for Ocwen, 2.1 billion fine for their illegal conduct settlement – Ocwen continues the fraud – where is the punishment of this violation settlement? Ocwen announced a potential settlement of 100 million to New York Regulators for backdating letters to homeowners – another fine of 3.7 million to one state for unlawful foreclosures. Ocwen pays small penalty for their crimes – millions paid to the government but homeowners are still screwed over. Think about this – Ocwen commits fraud – illegal foreclosures – false documents – fraudulent foreclosures – they set aside millions of dollars for legal fees and settlements. Ocwen created false documents – that’s fraud, is it not? Ocwen backdated documents to homeowners creating unlawful foreclosures against homeowners. Ocwen’s own system shows the documents was made with wrong dates and after the fact. After a year or so, after this was found out – Ocwen still has done nothing to correct this for homeowners. For most it is too late – their homes are gone. Ocwen must be held accountable. Ocwen caused thousands of people the right even the chance, of keeping their homes by this one deceptive trick – but hang on, that is only the tip of the iceberg of how far Ocwen has went to corrupt our legal system. “Robo signing” and Ocwen go hand-in-hand. Robo signing, an illegal business practice that has Ocwen written all over it. Robo signing was a faster way- illegally wiped out homeowners as another one of those scams faking documents, Robo signing not good enough to stop Ocwen. Robo signing came about when banks could not prove they had legitimate ownership of the loan that was tied to property. When Judges demanded proof, the documents were fake. With securitization, the notes and mortgages were sold – gone – so, banks and servicers provided fake documents. They are anticipating a fine of something like 100 million from the New York regulators for more of the illegal fraudulent conduct. Commit the crime – make a settlement, paid the slap – move on. When are these people at Ocwen going to be held accountable enough by the government to stop violations against homeowners? Families had been made homeless, children homeless – ongoing court cases from corruption and fraud because Ocwen has the billions to throw on foreclosure mill lawyers and even once credible law firms who will forsake reputation for dirty money. Why was Ocwen allowed to walk? Sometimes these documents were not even legible but some Judges let them pass, allegedly not knowing that “foreclosure laws are scrupulous about documents”. Case after case, precedent has been set that legitimate ownership of loans is tied to property- Securitization did away with that. It separated the note and the mortgage – a United States Supreme Court law that dates back to the 1800s and has not been changed to this date.

 So, if we follow the laws – securitization, Robo signing, falsifying documents, illegal documents – allowing all this fraud against homeowners to add up to settlements between these crooks and the government – where is the money for the deceived, defrauded homeowners? The settlements have proven useless for homeowners rights. Settlements are good news- at least something was done. But this “something” is not good enough. Settlements seem to be expected and money for these little settlements, legal fees are being set aside by the banks, servicers like Ocwen, in anticipation of their actions. But where is the money from the settlements going? Millions of people have been hurt. They can’t get the years back that companies like Ocwen and banks took from them. Years of being tormented, uprooted – broken families- Court cases. But, they can be compensated from the settlements for the deception, fraud- that has been and still is going on. Stop the madness. Homeowners who were cheated, defrauded, abuse – that should be a priority of the Government officials- This settlement money rightfully belongs to these homeowners not some government pocket. Billions have been made in settlements but where is the proof homeowners were given fair treatment? They were not and still are being abused and overlooked. Follow the money from the settlements. These settlements threw the ‘ol monkey wrench in these corrupt institutions who chose to ignore the Judicial System. In 2010, the Administration made the announcement that the Robo signing scandal would cost five banks 25 billion to help borrowers who were screwed over by tricks, schemes, fraud etc. and it was touted as a lesson that would discourage this practice.

 Not stop, just discourage, how satisfying that must’ve been for the banks – anyway, it turned out to be a joke.

 Even Sen. Warren, a Democrat, accused Eric holder of “settling on the cheap”. 

The Robo signing fraud was in the Trillions and caused hundreds of thousands of people to become homeless. Where did the little bank slap of 25 billion for these five largest banks go? Not to the homeowners- Who profited from this? Not the borrowers- was it? Wells Fargo and Ocwen – looks like Wells Fargo is overstocked with mortgages being the biggest mortgage servicer in the country and after getting topped as one of the top biggies in the 25 billion shares settlement Wells Fargo along with the other biggies decides to let Ocwen buy some mortgages from them. Wells Fargo already had a “formal process” in their “employee manual” that covered what they were to do to get foreclosures done when there were missing documents. Ocwen allegedly thought they were getting a grand deal if Wells Fargo has that covered. Ocwen was about to buy $40 billion in mortgages from Wells Fargo, that thanks to the New York financial services Superintendent taking notice of the corruption taking place – Ocwen’s 40 billion buy- is on hold.

 Ocwen’s CEO, William Erbey, is looking to allegedly find some loophole to get past this stop of Ocwen pushing aside the legal system and ignoring justice for greed. 

Besides the $40 billion in mortgages, Ocwen wanted to buy up – Ocwen had another deal for $2.7 billion earlier in the year for Wells Fargo for more mortgages. Ocwen rises to a conglomerate of entities with various names in trillions of dollars to play with and expand like frogs while all the time manipulating this country and its people to do so. Backdating documents, Robo signers, forged signatures, fraud, -Ocwen creates allonges dated several years later to a note bringing back dead non-bank company New Century years later to sign foreclosures using U.S. Bank and Bank of New York Mellon – both of these banks were used as Plaintiffs for a dead Bankrupt New Century Mortgage co. – documents forged, added, timelines ignored, illegal charging of fees for services not performed by Ocwen. Ocwen added on fees for services not performed to up homeowners mortgage payments.

 Let’s go back for a moment to that Eric holder settlement of 25 billion for the five top banks corruption where the homeowners were screwed over. You remember. In that settlement where the independent appointed review system came up with protecting the “trade secrets” of the banks was more important than letting the public in on the scandalous actions and abuses. For example, before the review was over-what showed up was over 1 million homeowners went up against illegal foreclosures and succeeded. They also found over one fourth wrongful foreclosures taken place. Millions would follow – almost 3 years after the joke of a settlement – regulators are still finding and uncovering evidence that proves Ocwen has damaged hundreds of thousands of borrowers. Ocwen disregarded homeowners- borrowers foreclosure laws and the corruption being placed in the Judicial System still is ongoing- the abusive conduct continues to take place in this country. So, like Ocwen’s CEOs through the years – mortgage companies, nonbanks, big banks can disrupt and try to destroy this country with their schemes, scam, illegal fraudulent conduct for greed but there is also a bigger picture that must not be overlooked. When is this country no longer America?