We get a lot of angry calls from family members of elderly homeowners who feel tricked by false advertisements from reverse mortgage lenders. We still remember those TV commercials by Tom Selleck touting all the benefits of reverse mortgages without disclosing the risks. Finally, we have some good news to report. The government is pushing […]
Wells Fargo Whistleblowers Post – What Employees Need to Know
Wells Fargo Whistleblowers – Everything You Need to Know [This post was originally written in August 2018. There have been so many subsequent scandals at Wells Fargo along with our own historic win on behalf of Wells Fargo employees. It has been rewritten and reposted in January 2020.] Ahhh, Wells Fargo (or Hells’ Cargo as […]
Another Ocwen PHH Mortgage Horror Story
We rarely post stories from prospective clients. Meghan, however, wants her Ocwen PHH Mortgage story shared. (Meghan is an assumed name but her story is real.) We were a bit hesitant at first but her logic is compelling… Meghan suggests that everyone “flood” their state Attorney General with complaints about Ocwen / PHH’s loan servicing […]
Ocwen Gets a Break. Well Not Really… (Ocwen Punitive Damages Post)
Monette Saccameno was a bankruptcy success story. At least she did everything right. The only thing that stood between her and a successful fresh start under a Chapter 13 bankruptcy reorganization plan was Ocwen. Monette was one of the few people able to cure the deficiencies on her mortgage loan. After successfully making 42 monthly […]
Helping Borrowers or Crony Capitalism? (HUD – DOJ Coordination Memo)
We are huge supporters of the rank and file prosecutors at the Department of Justice and the men and women who work in HUD’s Enforcement Division. That said, we believe that the political powers running these agencies have made a critical mistake by signing the new “Memorandum of Understanding between the Department of Housing and […]
Whistleblower Suit Against Quicken Loans – Everything You Need to Know
[Post updated June 2019] Dan Gilbert is a household name in Detroit. He has poured millions of dollars into the Motor City in the hopes that it can once again be a vibrant city. How he got the money to fund his ambitious redevelopment plan and how he operates the mortgage company he founded is […]
A Pig with Lipstick Is Still a Pig (Ocwen PHH Liberty Home Equity Solutions)
Ocwen Financial announced yesterday that it is no longer using the Ocwen name. It didn’t suddenly close its doors (we wish), it simply changed its name. As of now, the company will service loans under the names PHH Mortgage and Liberty Home Equity Solutions. We first reported on Ocwen’s merger with PHH in March of […]
Homeowners Overcharged Bank Fees – HSBC Pays Millions
Move over, Wells Fargo there is actually a bank that might have a worse reputation among customers. HSBC. The British banking giant is in constant trouble worldwide and they aren’t making friends with their U.S. customers either. This week HSBC sought court approval to pay off homeowners who were billed for unnecessary and unauthorized bank […]
Legal Abuse Syndrome and Foreclosure Fraud
Until a client sent us a clipping today, I had never heard the term “Legal Abuse Syndrome.” If you look in the Diagnostic and Statistical Manual of Mental Disorders, you won’t find the term. Yet. The DSM is the official “blue book” used by mental health professionals. Whereas many of the CEOs of major banks […]
Whistleblower Alert – Ocwen Lays Off 2300
Last week Ocwen announced it is laying off 2,100 employees. By our math, however, the number is closer to 2,300. As much as we dislike Ocwen, we do feel bad for the people losing their jobs. The homeowning public despises Ocwen but the fault isn’t with the rank and file workers. It lies squarely […]
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