Consumer complaint received 2017-05-25
Company: Ocwen Financial Corporation
State: TX
Product: Mortgage
Sub-product: Other type of mortgage
Issue: Trouble during payment process

Complaint:
Please see word document : Fraud of securitization with the intent to defraud the government and consumer. Ocwen purchased a loan with the knowledge of defrauding the consumer they stop taking payment as in Unemployment Forbearance in XXXX. Ocwen did not submit the transfer until XXXX Ocwen sent the modification XXXX and there were problems with the modification it was not the modification I requested. I requested the Hamp II modification. Ocwen sent a letter in the middle of an escalation stating I miss my first payment for the XXXX modification that was never approved by Ocwen or myself. I was told XXXX they cancel the modification and was resubmitting it for the HAMP II modification. I requested for them to resend the inhouse modification sent in XXXX just in case the HAMP II did not go through, I did not receive the in-house modification until XX/XX/XXXX. Ocwen sent the modification after the due date of XX/XX/XXXX and sent me a letter in XXXX stating I miss the first payment. I did not even have the modification. Predatory lending-not fixing the loan amount and bankruptcy attorney had to file several motion to obtain the correct mortgage amount. Capitalization- of the loan by refusing to offer HAMP II allowing the loan to accruing fees and high interest rate.To increase the amount of the loan and the worth of the property. Fraud of transfers of promissory note no one know who holds the note Ocwen can not prove they hold the promissory note and states a group of investors who do not hole mortgages. They stated XXXX XXXX  who never notified me they were the new holder of my property.Not sure it seems the took over from MortgageIT. Who they states is my mortgage company now in the present this can not be if they sold to XXXX XXXX. Mortgage it has not been my mortgage company since XXXX. They are trying to sale the house quickly in a non Judicial foreclosure sale with out the correct notification and documentation. They violated the Texas foreclosure laws by posting the home for sale before notifying the consumer. I found out only by consumers who wanted to purchase the house. I was not certified until after I called Ocwen and they stated they did not know a foreclosure sale was on the home. They contacted the substitute trustee who does not hold the promissory note who informed the company Yes there is a Foreclosure sale date on the house and Ocwen does not know about the sales date. Ocwen continue denial of the HAMP II modification who kept asking for payroll documentation. When supplied with the payroll they would come back and asked for YTD information that was on the pay-stub. Complaint is about USC 2605 Transfer a ) Disclosure to applicant relating to assignment, sale, or transfer of loan servicing Each person who makes a federally related mortgage loan shall disclose to each person who applies for the loan, at the time of application for the loan, whether the servicing of the loan may be assigned, sold, or transferred to any other person at any time while the loan is outstanding. ( b ) Notice by transferor of loan servicing at time of transfer ( 1 ) Notice requirement Each servicer of any federally related mortgage loan shall notify the borrower in writing of any assignment, sale, or transfer of the servicing of the loan to any other person. ( 2 ) Time of notice ( A ) In general Except as provided under subparagraphs ( B ) and ( C ), the notice required under paragraph ( 1 ) shall be made to the borrower not less than 15 days before the effective date of transfer of the servicing of the mortgage loan ( with respect to which such notice is made ).

Company response to consumer: Closed with explanation