Ocwen Complaints and Litigation Expenses Rise, Stock Declines 50%

4 Nov

Livinglies's Weblog

For further information or assistance please call 954-495-9867 or 520-405-1688.

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see http://expectedloss.blogspot.com/2014/10/ocwen-letter-spooks-market.html

see Ocwen Backdated Documents — Seeks Independent Review

It comes as no surprise to those involved in the Wall Street quagmire. Lies on top of lies, all aimed at causing foreclosures despite clear indications that the foreclosing parties (a) have no right or interest in foreclosing (b) have a conflict of interest with the real parties in interest (investors who actually put up the money and will suffer any loss) and (c) are intentionally interfering in the relationship between the borrower and the actual lenders, thus preventing modification and causing tens of thousands of Zombie foreclosures.

The letter from Benjamin Lawsky from the New York State Department of Financial Services exposes the underbelly of the largest scale fraud in human history. It starts with relatively simple issues like the delay in prosecuting foreclosures for which most judges…

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