SUE FIRST & ASK QUESTIONS LATER! A Pew Mortgage Investigations Report On the Predatory ServicingPractice of False & Forged Signatures Employed by Ocwen & Others

Foreclosure Fraud This report focuses on the fraudulent actions of one individual and company based in West Palm Beach, Florida called Ocwen Financial Corporation. His reports, allegations, and accusations have led to billion dollar write-downs, executive firings, regulatory investigations, independent counsel investigations, and even the shut down of foreclosures in various jurisdictions and changes in the default and foreclosure practices of Fannie Mae, Freddie Mac, MERS, and major lenders in the mortgage market.

The evidence presented included making up numbers for payoffs with the numbers dreamed up so highthat they insured a foreclosure posture instead of payoff, forgery of forbearance agreements, andtestimony from two employees saying that the business of Ocwen is to create foreclosures by any means.It was reported that another companion suit, that involved a deceased individual and her estate in San Antonio, was settled out of court 15 minutes after Guzman was voir dired before the court, but before histestimony was restated before a jury. It seems that Ocwen simply did not want to face another Texas jurya second time in the same month.