I just came across this article in Mother Jones, which is a bit horrifying:
Walters’ discovery that her home had been sold out from under her marked the low point of a four-year fiasco that began when Ocwen Loan Servicing became her mortgage servicer in late 2004. Through no fault of her own, Ocwen incorrectly processed or lost dozens of Walters’ payments and charged her more than $2,000 in late fees and thousands more in additional charges-all without notifying her. The Florida-based company tried to foreclose on her three times. After she paid more than $10,000, Walters figured things were settled. But Ocwen had other ideas.
Please read the entire article, it’s a tale of shocking usury, which we’re used to by now, but what is more telling to me is the reaction of various agencies of the Federal government, which I am mournful to remind people who believed in Barack Obama, he now heads.