I got the quintessential predatory fraud case because the three lenders involved in my refi in 2002 are Washington Mutual aka Long Beach Mortgage, Ocwen Federal Bank aka Countrywide, and Calmco Servicing aka Olympus Servicing aka Fairbanks Capital. Question? Help me with finding out who owns Chapel Mortgage aka Fellowship Mortgage (A New Jersey Corporation) and whether there's a ownership between them and WaMu? Ocwen? Does Ocwen Own Fairbanks? Ultimately, does WaMu share subsidiaries with Ocwen? Who owns Fairbanks aka Select Portfolio Servicing?
My refi was through LBM and the documents claim that Olympus Servicing was paid off and the escrow closed on 3/29/02. In fact, the actual payoff date wasn't until June 19, 2002 and it was to Ocwen. I was being forced by the escrow agent at Alliance Title aka Mercury Companies to pay 2 mortgages simultaneously for 3 months and there is no record anywhere of Ocwen receiving payoff. Since there is no record of it, they don't have to account for the $13,000 prepay and the $31,000 triple charges in mortgage payments that went to Olympus, Ocwen, and WaMu. That is $43,000 of money stolen and no record in my docs.
The broker charged me $13,050 for his "services". Alliance Title received a 70/30 split fee from Santa Cruz Title aka Stewart for the mandatory lender title insurance policy I was forced to buy. When you include the undisclosed 2 year prepay on my new loan with WaMu, that is $85,000 stolen in 3 months. Since the refi was meant to payoff creditors like the car, etc. on Debts & Disbursements I've been paying it every month while trying to get a response from WaMu as to where all my money went. Of course they never reply.
Everyday has been a financial lose of $60 a day for 2 years making the grand total of embezzelment and extortion $55,800 plus attorney fees, total depletion of sweat equity has brought me total financial destitution.
On June 1, 2003, I told WaMu that they would get no more monies from me until they answered one simple question, Who did they payoff to on 3/29/02 when they funded my refinance and I have still gotten no response.
After 18 months they issued me a Notice of Default and I have contacted the OTS, HUD, FDIC, OCC, and the DA's office in Santa Cruz for help in stopping or investigating this situation. Like these banks, they do nothing. What are we supposed to think when the agencies that supposedly regulate banks and insurance companies act as deceitful as the criminals themselves? Could it be that there's a grand conspiricy so heinous no one wants to deal with it? Except us victims.
In all the reports on all ripoff, I've never read of a case like mine and it's because no one has yet, besides me, to have the number of felons involved. The only people who care or want change are other victims and the only solution that frightens these predators is exposure. If anyone out there knows of some brave soul who reports criminal corporate behavior now's the time to tell my story to the public. We are only going to change it if we help each other and alert people to what's really going on.
Any suggestions, I have about 75 days until they seize my house.
Ben Lomond, California