Complaint Review: Ocwen Federal Bank Aka Ocwen Financial - Orlando Florida
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- Ocwen Federal Bank Aka Ocwen Financial Orlando, Florida U.S.A.
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- Category: Mortgage Companies
Ocwen Federal Bank Aka Ocwen Financial Ripoffs, Liars and Sneaks! Orlando Florida
*Consumer Comment: When is a bank NOT a bank? The baffling enigma of OCWEN- QUESTIONS!
Show customers why they should trust your business over your competitors...
We wound uo with Ocwen because Delta Finance Woodbury NY, did the same Holding of payments to force late fees and lying as Ocwen has to hundreds. When our bank threatened to sue Delta they gave us to Ocwen which IS Delta! All their employees are Delta aka Ocwen Fed Bank....So you can't sue! We lost our Home we had paid for and then stupidly re-financed thru a broker who gave us Delta! It ruined our lives and Credit and We may never be able to recover! They Need HUNG for what these people do!
Shirley
Senoia, Georgia
U.S.A.
This report was posted on Ripoff Report on 02/08/2004 07:52 AM and is a permanent record located here: https://www.ripoffreport.com/reports/ocwen-federal-bank-aka-ocwen-financial/orlando-florida/ocwen-federal-bank-aka-ocwen-financial-ripoffs-liars-and-sneaks-orlando-florida-79640. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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#1 Consumer Comment
When is a bank NOT a bank? The baffling enigma of OCWEN- QUESTIONS!
AUTHOR: Robin - (U.S.A.)
SUBMITTED: Sunday, February 08, 2004
I noticed that this report is captioned "Ocwen Federal Bank aka Ocwen Financial".
How many hats can one institution legally wear at one time? This "Ocwen Financial" seems to be a fairly recent entry into these reports.
I have noticed many reports lately where people report that Ocwen is now informing them that Ocwen is NOT a bank, but simply a "finance company".
Yet when Ron Faris issues his lame press releases, he expounds at length about the Federal bank charter and the "stringent regulation" by the OTS (ahem, choke).
So, does anyone know which it is? Is it legal for Ocwen to change caps back and forth as the whim suits them? Why is Ocwen changing its status on nearly a daily basis? Could this have anything to do with the suit in Hartford, CT?
Does anyone know what is going on here? It seems that Ocwen hides behind its Federal charter one day and then leaves that shield behind the next, only to step back behind it again later.
Is it hide and seek, sleight-of-hand, or are the upper echelons of Ocwen in such disarray that they themselves no longer know whether to poop or get off the pot?
Any answers, anyone?
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