I need to locate the clients of a public company named OCWEN (OCN). |
Request for Question Clarification by
pafalafa-ga
on
21 Aug 2004 03:55 PDT
Ocwen is a fairly large bank and financial services company. They
issue, for example, credit cards to (probably) tens of thousands of
customers.
Are you seriously expecting a list of all their card-holders? If not,
please let us know in more detail what you're after here.
Thanks.
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Clarification of Question by
maluca-ga
on
21 Aug 2004 12:21 PDT
Sorry..let me clarify. OCWEN as a part of their business services
loans for lending institutions.
http://www.ocwen.com/residential/loanservicing.cfm
The number of clients should not exceed 100 I would guess and probably
less. Large tip for the list.
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Clarification of Question by
maluca-ga
on
21 Aug 2004 22:19 PDT
Fee raised to include tip from 20.00 to 200.00.
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Clarification of Question by
maluca-ga
on
21 Aug 2004 22:24 PDT
OCWEN services loans for Banks and other financial services companies.
I am seeking the names of the residential lenders OCWEN services loans
for..not individuals who have the loans.
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Request for Question Clarification by
pafalafa-ga
on
22 Aug 2004 11:28 PDT
Maluca-ga,
Hello,
I've been looking into this question in some detail, and I've located
a significant amount of information. From what I've gathered thus
far, Ocwen appears to have about 20+ major clients for whom they
service residental loans.
While there isn't (to the best of my knowledge) a consolidated list of
these clients, it's possible to find a lot of internet material that
links Ocwen to other companies.
For instance, here's one example:
http://www.deltafunding.com/pdf/DFC%20HELT%202002_2%20197,000,000.pdf
which links Ocwen to a number of other companies via a legal Trust arrangement:
Renaissance Mortgage Acceptance Corp, Depositor
Ocwen FSB, Servicer
Delta Funding Corp., Seller
Wells Fargo Bank, Minnesota, Trustee and Custodian
Financial Security Assurance, Insurer
Wachovia FSB, Cap Provider
Is this the type of information you need?
If so, I can steer you to about a dozen similar sources of
information. linking Ocwen as a service provider (or similar
arrangement) to other companies. HOWEVER, I can offer no assurance
that the documents (some of which are several years old) represent
Ocwen's current arrangements.
Would this information be of interest to you as an answer to your
question? (You should be aware that I have no special knowledge of the
secondary mortgage industry, and much of the legal/financial language
being used is unfamiliar to me).
Let me know.
pafalafa-ga
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Request for Question Clarification by
pafalafa-ga
on
22 Aug 2004 12:13 PDT
I stand corrected!
There does, in fact, appear to be a consolidated list of the loan
agreements serviced by Ocwen. The list was prepared by Moody's in
2002:
www.ocwen.com/prs/old_press/09-13-2002%20Moody'
s%20Structured%20Finance%20Servicer%20Report%20for%20O
List of Securitized Transactions Serviced by Ocwen
As far as I can tell, this list pretty much appears to answer your
question, except for an agreements entered into by Ocwen after 2002.
If this is the information you were looking for, let me know, and I
will post some additional information regarding more recent
arrangements as an answer to your question.
Thanks.
pafalafa-ga
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Request for Question Clarification by
pafalafa-ga
on
22 Aug 2004 12:33 PDT
The link above got truncated. Try this one:
http://www.ocwen.com/prs/old_press/09-13-2002%20Moody's%20Structured%20Finance%20Servicer%20Report%20for%20Ocwen%20Federal%20Bank.pdf
or else just search on Google for (quotes included): "List of
Securitized Transactions Serviced by Ocwen"
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Clarification of Question by
maluca-ga
on
22 Aug 2004 17:21 PDT
pafalafa: I am looking for a list of the residential lenders they
service for. The list I found that you had provided had the names of
the loans after they were sold in a securitized pool and the names
were of the individual pools. Two different things. In one case the
lenders name was used as part of the pool name. This would be usable
as it reveals the name of the lender they do/did business with. The
Delta link was a keeper as well. Both are lenders or sellers of the
loans.
The list beginning with "Renaissance Mortgage Acceptance Corp,
Depositor" is a list of parties to a transaction and their respective
roles as designated by the title given re: trustee, insurer etc..
These are not useable.
Is there any way I can get you a list of potentials without posting it here?
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Request for Question Clarification by
pafalafa-ga
on
22 Aug 2004 17:55 PDT
Thanks for the feedback.
I used to do environmental policy work for Congress, and I had to
pinch-hit for an ill staff member on subprime loan policies for about
a week. I didn't understand it then, and I don't quite get it now.
But it certainly does inflame a lot of passion. But enough
reminiscing....To Business!
You asked about sending me an eyes-only list, but I'm afraid that
would be a violation of Google Answers policy. All communications are
public, and are made by posting information right here.
I am posting below much of the information I have thus far. I believe
a number of these probably are just the type of relations you're
looking for. A few are probably not...more along the lines of
acquisitions or joint ventures, but I thought it best to err on the
side of over-inclusion.
Let me know if these types of listings are useful. If so, I also need
to know if you would accept some additional information along the same
lines as an answer to your question. Understand, though, that in all
likelyhood it would not represent a complete listing of Ocwen's
clients.
Looking forward to hearing back from you.
pafalafa-ga
==========
Veteran's Administration
http://www.va.gov/OSDBU/library/ocwen.htm
On August 27, 2003, VA awarded a contract to Ocwen Federal Bank, FSB
(Ocwen), headquartered in West Palm Beach, FL, for the management,
marketing and sales of all VA Real Estate Owned Properties (REO)
through the U.S. and its territories. Under this contract, Ocwen will
manage all VA acquired properties throughout the life of the contract.
==========
Empire Funding Corp (acquisition...?)
http://www.ftc.gov/bc/earlyterm/2000/12/et001205.htm
Transaction Number: 20010623
Early Termination Date: 12/05/2000
Acquiring Person: Ocwen Financial Corporation
Acquired Person: Empire Funding Corp.
Acquired Entity: Empire Funding Corp.
==========
Credit Suisse First Boston, and possibly some others
http://library.consusgroup.com/library_pvw/163/163476.asp
THIS POOLING AND SERVICING AGREEMENT, dated as of August 1, 2003,
among CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP., a Delaware
corporation, as the depositor (the Depositor), DLJ MORTGAGE CAPITAL,
INC., a Delaware corporation, as the Seller (the Seller), OCWEN
FEDERAL BANK FSB, a federally chartered savings bank, as the servicer
(Ocwen or the Servicer), THE MURRAYHILL COMPANY, a Colorado
corporation, as credit risk manager (the Credit Risk Manager) and U.S.
BANK NATIONAL ASSOCIATION, a national banking association, as the
trustee (the Trustee).
==========
Delta, and some others
http://library.consusgroup.com/library_pvw/163/163514.asp
This Pooling and Servicing Agreement, dated as of September 1, 2003,
among Delta Funding Corporation, as Seller (the Seller), Renaissance
Mortgage Acceptance Corp., as Depositor, Ocwen Federal Bank FSB as
Servicer (the Servicer) and Wells Fargo Bank Minnesota, National
Association, as Trustee (the Trustee).
==========
RTC (does that count?)
http://www.contifairbankssucks.org/ocwen99-010.pdf
AUDIT OF OCWEN FEDERAL BANK?S SERVICING OF RTC
MORTGAGE TRUST 1994-S2
Audit Report No. 99-010
February 12, 1999
This report presents the results of an audit of Ocwen Federal Bank?s1
servicing of the Resolution
Trust Corporation?s (RTC) Mortgage Trust 1994-S2 (the Trust).
==========
Summit Securities
www.mtgbankruptcy.com/sum_g.pdf
Summit Securities, Inc.
OCWEN FEDERAL BANK FSB
Sub-Servicer Flow Subservicing Agreement
Sub-Servicer Servicing Rights Purchase
Agreement
==========
Ameriquest
http://www.mainstreetnews.com/Arch/00/0726/LegalsBanks.html
Deed to Secure Debt given by Peter H. Gordon to Ameriquest Mortgage
Company, dated November 12, 1999, filed for record in Banks County,
Georgia Records, as last assigned to Ocwen Federal Bank, FSB as
recorded in Banks County, Georgia Records
==========
GE Capital Mortgage
http://www.goleader.com/99dec02/16.pdf
Said mortgage assigned from GE Capital Mortgage
Services, Inc. to Ocwen Federal Bank,
FSB by Assignment of Mortgage being filed
simultaneously herewith
12/9/99
==========
Berkeley Fed Bank (acquisition??)
http://www.louisianaweekly.com/cgi-bin/weekly/news/articlegate.pl?20031215b
CITY OF NEW ORLEANS, IN THE MATTER ENTITLED: OCWEN FEDERAL BANK, FSB,
F/K/A BERKELEY FEDERAL BANK & TRUST, FSB VERSUS GEORGE G. TUCKER, SR.
AND SANDRA HUBBARD TUCKER
La. Weekly 12/20/2003 1/17/2004
==========
Goldman Sachs
SPFC
http://dochub.millernash.com/dochub/spfctrust/Beneficiary/Status%20Report.PDF
THE SOUTHERN PACIFIC FUNDING CORPORATION
LIQUIDATING TRUST
STATUS REPORT
DATED NOVEMBER 15, 2000
Goldman [Sachs] would be responsible to manage
the Residuals. Servicing of those loans then being serviced by SPFC
(early loan pools
were being serviced by Advanta) would be transferred to Ocwen Financial (under
Goldman?s management)
==========
GSS (probably not what you need)
http://www.cfonews.com/ocn/e031504.txt
Global Servicing Solutions, LLC ("GSS"). GSS is a joint servicing venture we formed
with Merrill Lynch in March 2002 for the servicing of assets in various
countries. We own 70% of GSS with the remaining 30% owned by Merrill Lynch.
==========
Chase Manhattan (hard to know for sure what the relationship is here)
http://www.jud.state.ct.us/external/supapp/Cases/AROap/AP73/73ap30.pdf
OCWEN FEDERAL BANK, FSB v. ANDREW L.
THACKER ET AL.
Nov 2002
On March 12, 2001, Chase Manhattan Bank was substituted as the plaintiff
on the basis of a March 17, 2000 assignment to it of the interest of the
plaintiff, Ocwen Federal Bank, FSB, in the action.
==========
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Clarification of Question by
maluca-ga
on
22 Aug 2004 23:10 PDT
pafalafa: There was nothing in the second batch. I feel a public
company in the bank financial sector must have to post a document(s)
with some sort of regulatory agency regarding their actions. These
people have been to the courts enough as well. FOI Act?
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Request for Question Clarification by
pafalafa-ga
on
23 Aug 2004 08:04 PDT
OK. I have to confess to just "not getting it" in terms of which
sorts of Ocwen arrangements meet your needs, and which don't.
I'll continue looking into this, as sometimes the light bulb suddenly
goes off, and I figure out what a client needs. But if other
researchers have anything to contribute on this one, they should feel
free to dive in.
pafalafa-ga
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Clarification of Question by
maluca-ga
on
23 Aug 2004 11:29 PDT
pafalafa: A borrower approaches a lender for a loan, say ABC Bank.
ABC Bank now sells the servicing rights to a company such as OCWEN.
They now are in a agreement with OCWEN. They have not sold them the
loan but hired them to service it..collect payments etc.. Who are the
Banks, lenders etc. who are doing this with OCWEN. What I am getting
here mostly are the results of who OCWEN is SELLING the loan to which
is not what I am needing. Two very different things. Ocwen may very
well continue to service the loan following its sale.
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Clarification of Question by
maluca-ga
on
23 Aug 2004 14:18 PDT
In my last clarification I wrote OCWEN where it should have said
"lender". The uncorrected sentence is
"What I am getting here mostly are the results of who OCWEN is SELLING
the loan to..."
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Request for Question Clarification by
pafalafa-ga
on
23 Aug 2004 19:38 PDT
maluca-ga,
I get the gist of what you're looking for. The problem is, it's not
often clear (to me) when a loan has been sold, or is merely being
"serviced".
For instance, I found the following:
"On November 22, 1996, Ezekoye executed with Long Beach Mortgage Company of
California a mortgage securing a note in the amount of $131,250.00
which was assigned to Ocwen on November 27, 1996..."
Is this "assignment" a sale or a servicing agreement...?
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Clarification of Question by
maluca-ga
on
23 Aug 2004 20:45 PDT
it was assigned to OCWEN for servicing.
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Clarification of Question by
maluca-ga
on
23 Aug 2004 21:51 PDT
Go to the document you pulled that verbage from and looking at page 8
in PDF format go to item #5. Theres a bit of how it would sound.
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Clarification of Question by
maluca-ga
on
24 Aug 2004 21:53 PDT
pafalafa: I stand corrected. I inquired from someone who knew better
and they say a assignment can be a sale. Please let me know your
status on this when possible.
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