Ocwen Federal Savings Bank Talk about robbing a person blind!!! Chicago nationwide

A $93,000 home payment is not only $200 per month. Depending on his interest rate, he probably hasn't even been paying enough to cover the interest every month, so the interest not paid has been added to the principal every month. His balance has been going up with every $200 payment.

For example, if his interest rate was only 5% (I don't think it was that low back then), his payments would have been $500 per month. Starting with the 1st month, $112 would have gone towards principal and $388 towards interest. With a $200 payment, $188 of the remaining interest would have been added to his principal balance every month, plus interest on top of that. Without the interest on top of that, he would be in the hole $31,500+. Then add the interest. Remember, these figures are on a mere 5% interest rate.

If you meant that he just started only sending $200 to make token payments because he couldn't make the full payment, Ocwen probably didn't post these partial payments to his account. They probably held all the partial payments in a suspense account (what many mortgage companies do with partial payments) then decided not to accept them anymore.