Posted on February 13, 2014 at 9:24am 0 Comments 0 Likes
Where would you like to be when you are old? I don't know how to read minds but I am sure you don't want to be homeless. I am sure you don't want to helplessly see your home foreclosed by a bunch of crooks driven by greed.
Many old people, cancer patients, newly married couples, single moms, among others have been evicted by the loan servicer Ocwen. Many have seen their short sale requests turned down only to watch their homes sold for lower prices to builders and investors. As per…
ContinuePosted on February 13, 2014 at 4:48am 1 Comment 0 Likes
According to Forbes, Kathy Patrick is the woman wall street fears most. “The toughest lawyer you will see,” works out of an unassuming 33-lawyer Houston firm. She teaches Bible study on Sundays and sings in her church band, while raising two teenage boys with her husband. Her $8.5 billion Bank of America settlement over bad mortgage deals was just the beginning. "Who else has ever gotten $8.5 billion out of anyone? Go find a settlement where anybody in history got $8.5 billion in a private…
ContinuePosted on February 13, 2014 at 3:37am 2 Comments 0 Likes
Superintendent Benjamin Lawsky's office at the Department of Financial Services have raised certain concerns about Ocwen's ability to service mortgages and have halted indefinitely a $2.7 billion deal by Ocwen Financial Corp. to purchase mortgage-servicing rights from Wells Fargo.
Ocwen typically acquire loan servicing rights from lenders like Wells Fargo, Deutsche Bank, Bank of America, Chase, HSBC etc. and by acquiring companies like Homeward, Litton etc. who possess such loan…
ContinuePosted on January 14, 2014 at 5:40am 0 Comments 0 Likes
We are very fortunate that we have the ability to perform acts through our body, speech and mind effectively. We will not have this opportunity forever. We must use this to benefit others. Practicing generosity is a perfection. Giving your time and effort to help others without charging fees ranks very high in the order of meritorious deeds.
I work in an industry where I see people facing financial hardships lose their homes, financial and social standing and self esteem, thanks to…
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CFPB and I are good friends now.