Consumer complaint received 2016-02-13
Company: Ocwen Financial Corporation
State: WA
Product: Mortgage
Sub-product: Conventional adjustable mortgage (ARM)
Issue: Loan servicing, payments, escrow account

Complaint:
Our loan appears to have several issues surrounding the mortgage assignments, loan transfers as well as recordings with our local property county accessor 's office here in XXXX County, XXXX. Our loan was originated by a fraudulent mortgage company based out of XXXX, XXXX named XXXX XXXX which was notably shut down for origination of predatory lending, and an assortment of illegal venues. The loan was the sold to XXXX XXXX, from there it was transferred to XXXX XXXX XXXX and XXXX XXXX XXXX was shut down, following XXXX XXXX filing bankruptcy XXXX XXXX, XXXX. According to OLS my loans custodial servicing rights were transferred from XXXX XXXX XXXX on XXXX XXXX, XXXX, how is this possible? 
Furthermore, it is highly questionable that OLS, is in procession of all necessary sale affidavits, my allonge to the note as well as the additional applicable documentation that has been demanded of OLS. OLS, has possibly falsified and distorted the chain of title to our home and are attempting to force our home into foreclosure.This debt has been long disputed multiple times with multiple servicers with relation to the origination and predatory nature of my loan.XXXX, failed to protect my future financial interests and ultimately forced my loan into foreclosure as a result of ignoring basic underwriting guidelines as well as violations to The Real Estate Settlement Procedures Act ( RESPA ) which prohibits unfair lending practices. Furthermore, there has been unfounded and incomplete evidence provided by OLS surrounding that the above mentioned loans origination, chain of title and assignments are unclear.Due to the OLS, failed response to my issues, I 'm considering raising this matter in the Court as I feel it may be the proper venue for action under 28 U.S.C. Section 1391, because XXXX or more of the Defendants maintains executive offices in or conducts business in the district relevant to where real estate is located in this concern. 
The interagency Statement on Subprime Mortgage Lending enumerates certain tactics that may indicate predatory lending. Nonprofit groups have also published widely accepted guidance on these kinds of practices that may constitute predatory lending. Predatory loans typically combine risky loan features, thereby placing the borrower at an excessive risk of default or foreclosure.For purposes of this Complaint, " Combined-Risk Loans '' are loans that meet the definition of high-cost loan under HMDA. HMDA, which is an extension of The Home Ownership and Equity Protection Act ( HOEPA ) and enacted in XXXX as an amendment to the Truth in Lending Act ( TILA ) to address abusive practices in refinancing and home-equity mortgage loans with high interest rates or high fees. Loans that meet HOEPA 's high-cost coverage tests are subject to special disclosure requirements and restrictions on loan terms, and borrowers in high-cost mortgagesXXXX have enhanced remedies for violations of the law.XXXX ( XXXX ), was incorporated under the laws of the State of Delaware. In subsequent paragraphs of this complaint, XXXX MORTGAGE will be referred to as " XXXX, '' " the lender '' or " the defendant. " XXXX 's business includes engaging in residential real estate-related transactions and regularly extending credit to persons. XXXX, as an entity whose business included engaging in residential real estate transactions -- including home equity lending as well as home purchase and refinancing lending -- is subject to the requirements of the XXXX XXXX XXXX, as amended, XXXX U.S.C. XXXX. XXXX is also a creditor as that term is defined by section 702 ( e ) of the ECOA, 15 U.S.C. 1692a ( e ), and is, therefore, subject to the requirements of the ECOA and its implementing Regulation B, as amended, 12 C.F.R. Part 202, in effect on or after XXXX XXXX, XXXX. 
******CONTINUE COMPLAINT PART XXXX OF XXXX

Company response to consumer: Closed with explanation