Ocwen CEO Hosts Eighth Annual Advocacy and Policy Forum
October 11 2017 - 6:30AM
Ocwen Financial Corporation (NYSE:OCN), a leading financial
services holding company, hosted its eighth annual Housing Advocacy
and Policy Forum (Forum) on Tuesday, October 3, 2017 in Washington,
D.C. As in previous years, Ocwen CEO Ron Faris hosted the Forum,
which was attended by over 50 representatives from non-profit and
policy organizations. This year’s Forum focused on the value and
long-term sustainability of housing counseling agencies and local
strategies for neighborhood revitalization.
During the day-long event, attendees heard high-level experts in
the housing arena share their views and experiences on a variety of
topics. Federal funding for counseling agencies has been
significantly curtailed in recent years and panelists from
Neighborhood Housing Services of Chicago, the Center for NYC
Neighborhoods, and UnidosUS discussed how their agencies are
realigning their strategies to fill funding gaps and shift from
loss mitigation counseling to pre-purchase counseling. Ocwen’s
commitment to the counseling community is longstanding. Having
modified over 750,000 loans since 2008, Ocwen continues to work
closely with counseling agencies to reach customers who are
struggling to meet their mortgage obligations.
While the economy has improved significantly from the housing
crisis, there are parts of the country where the real estate
recovery has been slow to arrive. Ocwen continues to work with
national and local organizations who are creatively addressing
community revitalization needs. Attendees at the Forum heard from
the National Community Stabilization Trust and from Hogar Hispano
Inc., two national organizations with goals to restore vacant and
abandoned properties to productive use and to protect neighborhoods
from blight. Further expertise on this topic was shared by the Cook
County Land Bank Authority and ACTS Housing, based in Milwaukee.
Ocwen has worked closely with both of these organizations in their
efforts to reduce blight in their local communities through
rehabilitation and demolition of vacant properties.
“The Housing Advocacy and Policy Forum provides an opportunity
to hear from counseling and community advocacy organizations and to
further the dialogue on how Ocwen can collaborate to promote
homeownership and prevent foreclosure,” commented Mr. Faris. “We
came out of the event with new insight into the housing landscape.
My colleagues and I are excited to incorporate what we learned into
our own strategies and policies going forward.”
For more details on Ocwen's homeowner outreach efforts, please
visit www.OcwenCares.com.
About Ocwen Financial CorporationOcwen
Financial Corporation is a financial services holding company
which, through its subsidiaries, originates and services loans. We
are headquartered in West Palm Beach, Florida, with offices
throughout the United States and in the U.S. Virgin Islands and
operations in India and the Philippines. We have been serving our
customers since 1988. We may post information that is important to
investors on our website (www.Ocwen.com).
For Further Information ContactJohn LovalloT:
(917) 612-8419E: jlovallo@levick.com
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