Report: Ocwen Federal Bank
Category: Mortgage Companies
Ocwen Bank First Class, Class Action Law Suit ripoff fraud business Florida
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Ocwen Federal Bank
Fax:
Orlando, Florida,
U.S.A.
Submitted: 3/27/2002 12:00:00 AM
Modified: 3/27/2002 12:00:00 AM
Robert
Rim of the World, CaliforniaJust a quick note to all who have been 'Ripped Off'. In California we have our set of rules that must be followed and Ocwen is not going to escape punishment. On all their replies if you noticed, that they are a 'Debt Collector' tring to collect a debt like a Collection Angency. They do not have a license in California. If you live in California you must file a complaint with the Department of Corporation.This will start the Ball rolling
In 1999 the Office of the Inspector General (OIG) Concluded,Because Ocwen's Monthly collection account activity reports did not reconcile to other monthly reports or it's accounting system and source documents, we could not determine whether Ocwen accuraley reported trust receipts and disbursursments to the trustee and the FDIC.
In addition Ocwen did not adequately support trust receipts, disburstments, and accounting adjustments or comply with reporting requirements Accordingly, the OIG has no assurance regarding the accuracy or allowability of the remaining $5.5 Milliom in trust disburstments that we did not review.
In my conclusion Who works for who?By the way, the OIG is responsible for all FHA or HUD loans that were transfered to Ocwen Bank for servicing. Great......Sell um more Guys Audit report No 99-010 Dated February 12th 1999 FDIC Office of Audits, OIG Robert L
Robert L
Crestline, California
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