Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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arkygirl
Rumor has it that OCN's VA contract won't be renewed. Hmmm. We'll see.....

Excerpt from post about Guzman trial:

March 5, 2005 — Guzman vs. Ocwen Federal Bank — $3,000,000 Jury Award Against Ocwen

Why: The evidence included making up numbers for payoffs with the numbers dreamed up so high that they insured a foreclosure posture instead of payoff, forgery (YES FORGERY) of forbearance agreements, and testimony from two employees saying that the business of Ocwen is to create foreclosures by any means. The second suit involved a deceased individual and her estate in San Antonio which was settled out of court 15 minutes after Guzman (same Guzman as the Corpus Christi case) was voir dired (sic) before the court but before his testimony was restated before the jury.

More about Ocwen and the VA here:
http://mortgageblues.us/news/148





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