Ocwen Loan Servicing / fraudulent credit reporting
Ocwen has been servicing my mortgage since September 2010. I have not been late on my mortgage since Ocwen took over my loan. I check my credit monthly. In October 2010, I asked Ocwen to refinance my mortgage to get a lower rate and was denied. I applied with another company who requested a pay-off quote from Ocwen. After Ocwen received the payoff quote request, they begin reporting incorrect information to the Equifax, Transunion, and Experian. Today, November 24, Ocwen is reporting that I have been 90 days late once in the last 7 years and I was 120 days late in July of 2010. I would like to reiterate that Ocwen acquired my loan in September 2010 and did not have my loan in July 2010 nor was my loan being serviced by them in the last 7 years. So how is it that Ocwen is reporting that I have made late payment to them during the last 90, and 120 days, or the last 7 years. In addtion to the fraudualant late payments reported to the credit bureaus, Ocwen also is reporting incorrect balances on my account in excess of $590, 00. Upon Ocwen acquiring my loan, my balance was $65, 813. Today, Ocwen is reporting the balance on my loan as 657, 813. When contacted, after several minutes of waitting, Ocwen denies reporting negative or late payments for my account to any of the credit bureaus or that my account has a balance of 657, 813. They claim that the Credit Bureaus are reporting incorrectly and they are reportig my account as positive with no negative history. My credit report shows differently. I believe that Ocwen is responsible for fraudulant reporting. Their efforts have prevented me from refinancing my home to obtain lower interest rates as the negative payments have reduced my credit score significatnly, and rasied my debt to ratio stats. As a result I have been denied credit and my rights have been violated. This company raised my mortgage by 100.00 this month even after I requested that they correct the escrow. I provided proof that taxes for my home decreased as it is Homesteaded, however, Ocwen has ignored my request to correct the Escrow account and continues to charge me at the higher 2010 tax amount, therefore increasing my mortgage. Ocwen practices fraudulant reporting in an effort to prevent customers from refinancing, and esculate foreclosure proceedings. This company is not lawful and I have proof thereof. I believe that Ocwen relies on the fact that most people do not check their credit monthly so they place negative information on credit reports causing problems for those looking to refinance to get relief from their unlawful practices. I welcome a Lawsuit against this company. Something must be done to stop them.
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