Ocwen Financial Corporation, known to most Americans as either Ocwen Mortgage or Ocwen Mortgage Servicing, has plans to grow even larger. Ocwen is already the largest servicer of subprime mortgages. Here is the tie-in: Home Loan Servicing Solutions, a foreign investment firm designed to buy mortgage servicing rights from Ocwen Financial Corporation, is planning an initial public offering (IPO).
KK in Virginia said this in a recent complaint to Saxon – Ocwen Watch: “Saxon Mortgage is the worst mortgage company I have ever seen. It all started when I was recalled back to active duty in 2006. When I was placed back to the Reserve status, someone at Saxon Mortgage had stopped my automatic draft and I was lucky at that time to look at my bank statement as to why my mortgage wasn’t taken out.