CHICAGO, May 4, 2015 /PRNewswire/ -- Today,
the Illinois State Conference NAACP announced the first in a series
of local homeowner outreach events scheduled in partnership with
Ocwen Financial Corporation (NYSE: OCN), a leading financial
services holding company. The Help & Hope for Homeowners event,
scheduled for Saturday, May 16, will
provide Illinois homeowners with
opportunities to learn about loan modification programs, including
principal reduction, which can help make their homes more
affordable.
The event will bring Ocwen customers together with United States
Department of Housing and Urban Development (HUD) approved
financial counselors and Ocwen Home Retention Agents, who can
explore with homeowners potential loan modification options.
For the NAACP, the partnership with Ocwen is a natural fit.
Foreclosures have been, and continue to be, an epidemic in
communities of color since the housing crash of 2008. It's a
troubling reality that African Americans and other underserved
groups continue to experience disproportionately high levels of
unemployment, poverty, and foreclosures.
To help alleviate this situation, the NAACP is committed to
improving relationships between financial institutions and people
of color and other historically disadvantaged borrowers. The NAACP
has established partnerships with reputable organizations
nationwide, including Ocwen Loan Servicing, to provide financial
information and education in communities across America.
On Saturday, May 16, Ocwen
homeowners in Illinois are encouraged to come to the Help &
Hope for Homeowners event at Whitney M. Young High School (211
S. Laflin Street, Chicago, IL 60607) where housing counselors
and Ocwen Home Retention Agents will be available to meet with
homeowners anytime between 8:30 a.m.
– 3:30 p.m. to learn about loan
modification programs, including principal reductions, that can
help make their homes more affordable.
To get the most out of the meetings with the counselors and home
retention agents, homeowners are asked to bring:
- Photo ID (Required)
- Two most recent pay stubs, profit & loss statements, and/or
bonus or commission records
- Two most recent bank statements
- Most recent tax return
- Latest utility bill
- A list of their current expenses (or a budget or copies of
their bills)
- Documents related to other mortgages, HOA dues, property taxes,
and/or homeowner insurance
Additional events will be held over the coming months in
Florida, Maryland, and New
York where the effects of the 2008 housing crisis are still
being felt.
For more information, or to jumpstart the process before the
event, homeowners are encouraged to call the NAACP-dedicated
hotline at (855) 459-2514.
About Illinois State Conference NAACP
For more than a century the National Association for the
Advancement of Colored People has worked to ensure the political,
educational, social, and economic equality of rights of all persons
and to eliminate race-based discrimination. Inspired by the force
and commitment of The Call of 1909, which denounced the growing
oppression of people of color and mobilized thousands to work to
bring this discrimination to an end, the NAACP seeks to establish a
strategic direction as it embarks on developing The New Call for
the 21st Century. In the fall of 2011, the NAACP launched a process
to develop its strategic direction and plan, creating a powerful
vision for the future, and setting organizational goals that would
focus its work for the 21st Century.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/naacp-kicks-off-multi-city-help--hope-for-homeowners-tour-in-chicago-to-help-borrowers-improve-their-mortgage-situation-300076679.html
SOURCE NAACP