Just when you thought it was safe along comes the proverbial curve ball. We have just been informed that IndyMac Mortgage Services, a division of One West Bank will be transferring our loan to Owen Loan Servicing, LLC. Now on the surface this appears to be a good thing. But under the covers this may be another nightmare with a new name.
These guys have as bad a reputation as IndyMac! Thousands of complaints have been filed for the full gambit of mishandling and misinformation. And all of this in the middle of my loan modification trial period! How convenient is that!? What are the odds that it gets mucked up and I lose my modification? I leaning towards Yessirree! All I can do is log my p and q’s and watch this whole process like a hawk and keep the legal eagles in the loop.
- Stop Ocwen (stopocwen2013.wordpress.com)
- Ocwen Financial Corp (NYSE: OCN) (themeshreport.com)
- Mortgage Market Privatizing Faster Than We Thought: Ocwen Chairman (thestreet.com)
- Ocwen Originations Off, Servicing Subsides (broadcastarchives.net)