Billionaire Erbey Fails to Halt Ocwen Slide on Probe: Mortgages
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Bernie Palmatier, who lives in a Victorian home he renovated in New Carlisle, Ohio, is one of thousands of property owners with grievances against Ocwen Financial Corp.
Ocwen, the largest non-bank mortgage servicer, sent Palmatier a letter in November saying it had taken over his loan. Palmatier, 72, said he was five months late on his payments and called Ocwen three times to find out how much money he owed to catch up. That only made matters worse.