CFPB
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1.4KRewind: 2008 Financial Crisis. The Largest Financial Swindling of Citizens in American History
Victims of wrongful foreclosures find justice absent as the banks perpetuating the crimes against them remain too big to be held accountable.
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1.2KUS Courts Blame Homeowners for the 2008 Foreclosure Crisis. No Mention of Bank Greed.
This bias article examines foreclosure case activities in U.S. district courts during the Great Recession and the subsequent recovery period.
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1.6KFitch Ratings Claim PHH Acquired RFC’s Master Servicing Rights in 2013
While technically true due to the recent acquisition and merger of Ocwen Loan Servicing and PHH Mortgage, it was OLS who purchased...
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1.1K$9 Billion in Toxic Loans and Counting
RFC reached settlements totaling approximately $9 billion, with the RMBS Trusts and several of the Monoline Insurers re packaged Toxic Loans.
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1.0KWhen Former Bear Stearns Bankers Suggest You Sell….
Bear Stearns was an investment bank located in New York City that collapsed during the subprime mortgage crisis in 2008.
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1.1KHave You Heard About The Non-Judicial Foreclosure Debt Collection Clarification Act?
The Non-Judicial Foreclosure Debt Collection Clarification Act would make any business involved in non-judicial foreclosure a debt collector.
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1.2KRelying on the Words of Judge Willett and joined by Judge Elrod, the Citizens Take Action…
We urge litigants and our judicial colleagues to zealously guard the public’s right of access to judicial records—their judicial records—so "that justice...
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1.1KDallas-Based Mortgage Servicer Withdraws Wads of Cash In Unauthorized Payments from Unsuspecting Homeowners Bank Accounts
Mr. Cooper announced that due to a payment processing issue, unauthorized mortgage payments were taken from 14,000 plus borrowers’ accounts.
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1.5KPost Selia Law, How’s the CFPB Cases Going?
Latest on CashCall, Inc: They are to pay more than $134 million in legal restitution. Compare that to the other 3 CFPB...
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1.4KWhen Did Ocwen Ditch Altisource’s Proprietary Software RealServicing for Black Knight’s Rebranded LPS Software?
The final phase of the company’s loan transfer process involved migrating from REALServicing to the Black Knight LoanSphere MSP platform.
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2.7KOcwen’s Acquisition of PHH Mortgage a Year Later is An Ugly Mess for CEO Glen Messina
Ocwen is unprofitable and has an ugly balance sheet is now operating in an unfavorable industry environment. Ocwen PHH is debt laden.
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1.2KPHH Ocwen Celebrate Kickin’ CFPB to the Curb With Gallon-Sized Texas Purchase
Ocwen PHH purchase the mortgage servicing rights of one of the largest warehouse lenders in the nation, Texas Capital Bank.
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1.4KPro Se Filers Face Capricious Clerks and Ambiguous Local Rules At the Federal Fifth Circuit
Pro se’s are being held to a higher standard than the laws and rules require and/or not being applied in a consistent...
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1.6KWatch Out for the Ocwen Altisource and PHH Mortgage Winterization Scheme, It’s Back In Full Force
LIT didn't know you would need to winterize a property in the month of May and put a sign up sayin' "Don't...
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2.1KRESPA and the Qualified Written Requests or QWR for Short. Does it Work?
CFPB Sues Ocwen (but losing badly) Mortgage Servicer’s Widespread Errors, Shortcuts, and Runarounds Cost Borrowers Money, Homes.
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1.0KThird Circuit State a ‘Self Proclaimed Debt Collector’ Can Validate a Foreclosure Proceeding
The initial communication and validation notice was issued in the foreclosure complaint drafted by the law firm and self-proclaimed debt collector representing...
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1.4KExclusive: LIT’s Obtained the Opening Statement from the Burkes Sizzlin’ Hot Petition for Rehearing
Abuse of the public trust cannot and must not be tolerated. Corrupt practices in government strike at the heart of social order...
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2.0KOwen’s Easter Basket of Omissions and Whiteouts re Ocwen Loan Servicing et al.
The Burkes filed their Petition for Rehearing en banc to allow all the active judges who are not recused and able to...
