Review Mortgage Lenders

Aegis Mortgage

Richmond Mortgages

thomasmacdonald.ca Dominion Lending Aegis Mortgages 6431 Dakota Drive, Richmond, British Columbia V7C 4X5 778-938-0400 - created at animoto.com

Ocwen agrees to refund Maine residents to end foreclosure dispute with the state

Ocwen Financial signed a consent agreement with the state of Maine last week to make amends for pursuing foreclosures on the properties of more than two dozen Maine residents in a manner found to be unlawful by the state.

According to the Maine Bureau of Consumer Credit Protection , Ocwen Loan Servicing instigated foreclosures on loans based on paperwork that was determined to be legally inaccurate.

The loans in question were part of a portfolio of mortgage servicing rights that Ocwen purchased from Aegis Mortgage , which was mired in bankruptcy proceedings at the time.

According to the consent agreement , the Power of Attorney over the loans that were in the Aegis portfolio ceased to exist when the entity was dissolved in November 2012.

But in 2014, Ocwen filed foreclosure notices against a number of Maine borrowers on behalf of Aegis Lending and Aegis Funding as its “Attorney in Fact,” when in reality Aegis Mortgage and all of its subsidiaries were already defunct, which also meant that any of its claims also ceased to exist.

The cautionary tale of Aegis Mortgage's bankruptcy - Aug. 17, 2007

NEW YORK (Fortune) -- Buyout firms like to present themselves as a can't-fail combination of operational genius and financial support that can heal sick businesses and create thriving companies. But sometimes, as in the case of Aegis Mortgage, genius fails and bankruptcy is declared. The private investment firm Cerberus bought a controlling stake in the Houston-based mortgage lender in 1998, but despite an infusion of cash and talent, Aegis ceased operations on Monday, August 6. Now hundreds of employees have been laid off - all without health insurance. It's a reminder that risky turnarounds can mean real pain for more than just investors raising questions about how Cerberus will treat other ailing companies it has purchased, notably Chrysler.

Aegis, which was founded in 1993, closed its mortgage production operations on August 6. Two days later, employees were warned that there would be layoffs within 60 days and that benefits would be terminated effective midnight August 10, according to Aegis employees. They were also told that earned paid-time off would not be paid out and that there would be no severance. When the layoffs came on Monday, August 13, 782 people out of 1,302 employees were fired. Those let go were shocked to find that they were not eligible for COBRA. While Federal law requires businesses with more than 20 employees to offer departing workers the chance to buy an extra 18 months of health insurance, it is only required for companies with an active benefit plan, and Aegis had terminated its plan days before. Moreover, Aegis admitted in its bankruptcy filing that it didn't have the money to pay employee benefits anyway.

where do i report a business who calls an employee at work?

Aegis Mortgage keeps calling one of our employees while he is here at work. He is unable to accept the call while he is here, but they continue to call.


that is harrassment...

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