Ocwen Federal Bank
Excessive prepayment penalty fees unable to speak with payoff dept. Potentially forcing us to default on our loan HUGE RIP-OFF!
We refinanced our home with Worth Funding. The loan was sold to Ocwen even before our first payment. We were aware of a 1 possibly 2% prepayment penalty (approx. $1-2,000). We are now told the prepayment penalty is 6 times the monthy interest paid on our loan or $4600. Or home has been listed for ...