Ocwen Loan Modifications

Ocwen was not a MAJOR recipient of government funds, yet they've certainly received their fair share. As of April 16th, they have received $553,380,000. Hard to believe that when a bank receives half a billion dollars, that they're NOT considered to be a major recipient......2,517 modifications started, which is 5% of their eligible delinquent loans. This puts their average cost at $220,470 per modification. I personally have Ocwen, and know first hand how difficult they can be. Aside from getting routed to Sri Lanka, you just can't get a strait answer. First of all, I'm not Skippy on them outsourcing their call center overseas, we certainly have plenty of Americans that can answer phones and give people the run around......Secondly, they one of the HIGHEST cost per modification figures (I believe ranked third). If you have or have had Ocwen as your mortgage servicer, we invite you to post your comments about your experiences with Ocwen. Whether you have attempted an Ocwen Loan Modification or not, we'd love to hear from you. Thanks again for all your support, we'll get on to better topics later this week......