Report: #730173

Complaint Review: Ocwen - Internet

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Ripoff Report is Xcentric Ventures

Submitted: Tue, May 17, 2011
Updated: Tue, May 17, 2011
Reported By: Ocwen Advocate — Los Angeles United States of America

Author Not Confirmed

Why?

Ocwen Internet United States of America

Phone:
Web: ocwen.com
Category: Mortgage Companies

Ocwen Ocwen Loan Servicing LLC FTC Investigates Ocwen for Wrong Doing's Internet

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Ocwen is currently being Investigated by the FTC..

Now is your chance to make a difference.. Spread the Word!

Anyone wanting to file a compliant with the FTC about Ocwen should send a letter to:

Joel Winston associate director Federal Trade Commission 600 Pennsylvania Avenue, NW Washington, DC 20580 (202) 326-2222 www.ftc.gov

Joel Winston, associate director of the FTC, confirmed the probe and said agency officials are "looking at more than one potential target" as part of their mortgage-servicing investigation. He declined to identify any other companies being scrutinized by the FTC.

The FTC has taken several actions in recent years against questionable practices by home-loan servicers, which collect mortgage payments and handle foreclosures on behalf of mortgage-loan investors.

Ocwen is the 15th-largest mortgage servicer, according to Inside Mortgage Finance, a mortgage-industry newsletter. The company services $72 billion in loans and had net income of $38 million in 2010 on revenue of $360.4 million.

I am Not an attorney and I don't Not give legal advice...

This report was posted on Ripoff Report on 05/17/2011 08:43 AM and is a permanent record located here: https://www.ripoffreport.com/reports/ocwen/internet/ocwen-ocwen-loan-servicing-llc-ftc-investigates-ocwen-for-wrong-doings-internet-730173. 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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