USER REVIEWS (ken90004)

1 review

MGC and Ocwen

Kendall H Campbell September 14, 2010

Good news! I have MGC and Ocwen backed into a corner with a four federal allegations. Court date (again) is set for the end of this month. My lawyer believes they are not prepared and are ready to settle. Only took three and half years! My overview. I had Ocwen FSB as my primary loan for about 10 years. I filed a Ch 13 bankruptcy. Paid everything off as the plan dictated, and was released from it. Ocwen decide the $3911 they got wasn't enough, so they sent me a post bankruptcy bill and a letter to sign to agree to pay or they take... read full review »

Filled under: Business & Finances Location: United States

3 reviews

MGC

Kendall H Campbell March 13, 2009

I see a lot of complaints, but I noticed I have been handling mine a bit differently, so I thought I would share. MGC is a loan servicing company, so they did not “buy” my mortgage; they are just taking over the administration of it from the unknown mortgage holder(s). This company is paid for managing my loan, but they make more money in “reasonable fees” if/when the mortgages go into default. This gives them a reason to mismanage the account. They are also playing on the assumption that these high interest rate... read full review »

Filled under: Business & Finances Location: United States