Ocwen Federal Bank
Ripoff

I was amazed to find this place to actually report these scoundrels! Like you others, I was not notified when my loan was sent to Ocwen for servicing. They have ruined my husband and my credit not only by saying that we are always late, but they have all kinds of inventive ways to hide and siphhon off our money so it doesn't get applied to principal.

When I call in to get answers I always get someone who takes fast with an accent so that I cannot understand and they never can address my questions. I have asked them what all these charges are on my account. That is usually when I get cut off.
It takes hours to get through to someone else and try over. I never get any satisfaction.

I started sending all our payments certified, but even then they are missing one month! When looking through a history I just received I only counted 11 months showing. Now I have to fight them again.

Also, they have been impounding tax monies for several years, but they don't pay them on time and now they are raising our payment amount again evan though our taxes have not gone up.

We went from paying $645.00 per month (p&i) to over $1600.00. I know they want our property, and we are getting desperate. It is a balloon payment and the last time we modified this loan the interest went from 8% to 12% and we had to pay all kinds of fees into the thousands.

We are currently trying to get financing, but our property is unique, causing us to feel trapped inside this loan. We recovered this property once already out of foreclosure. They start foreclosure at thirty days.

For your information—they ARE NOT a "BANK". They, themselves told me over a year ago that they do not have any checking or savings accounts, or any other features one would naturally associate with their name. Is this the original scam or what?

Company: Ocwen Federal Bank
Country: USA
State: Florida
City: ORLANDO
Address: 12650 INGENUITY DRIVE
Phone: 8007462936

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