Ocwen and the NAACP New York State Conference Bring Solutions Directly to New York Homeowners
September 28 2015 - 4:25PM
Ocwen Financial Corporation (NYSE:OCN) and the NAACP New York State
Conference hosted a "Help & Hope for Homeowners" event in Long
Island, NY on Saturday, September 26, 2015 to offer struggling New
York homeowners the opportunity to receive in-person,
individualized advice and mortgage solutions to help them remain in
their homes.
Event attendees received one-on-one support from Ocwen Home
Retention Agents, who worked with more than 220 borrowers to make
their mortgage payments more manageable and to help avoid
foreclosure. Since 2008, Ocwen has completed more than 520,000 loan
modifications, many of which included a principal reduction for
borrowers whose mortgage exceeded the current value of the
home.
Homeowners also met with the U.S. Department of Housing and
Urban Development (HUD)-approved financial counselors for
additional financial and mortgage-related assistance.
"As we saw on Saturday, the housing crisis is not over for many
families in New York, and for that matter, across the U.S.,"
explained Garry Anthony Johnson, NAACP New York State Conference
Economic Development Chair. "The NAACP is pleased to work with
Ocwen to offer valuable advice and solutions to homeowners who are
struggling, and it was very satisfying to see so many homeowners
have their questions answered and hopes renewed as a result of this
event."
"Both Ocwen and the NAACP are dedicated to helping struggling
borrowers, and that often means reaching them at the local level,"
Jill Showell, Senior Vice President of Government and Community
Relations at Ocwen, stated. "For many families, their wealth is
tied to their home. That is why these events are so important –
they give borrowers the opportunity to talk to our agents
face-to-face to explore modification options that can help them
save their home."
Homeowners who attended the event and met with HUD-certified
counselors received information and assistance with the
following:
- Assistance with preparing their Request for Mortgage Assistance
(RMA) package;
- Information on borrower eligibility for state and federal
foreclosure assistance programs; and
- Counsel on possible mortgage solutions tailored to fit their
unique situations.
This event is part of a series co-hosted by the NAACP and Ocwen
to offer assistance to homeowners in U.S. cities where the economic
recovery has been uneven. Future events are planned, including an
upcoming event in Upper Marlboro, Maryland on November 14, 2015.
Details of the next "Help & Hope for Homeowners" event will
follow. Homeowners who were unable to attend but would like to
learn more can call the NAACP-dedicated hotline at (855)
459-2514.
About Ocwen Financial Corporation
Ocwen Financial Corporation is a financial services holding
company which, through its subsidiaries, is engaged in the
servicing and origination of mortgage loans. Ocwen is headquartered
in Atlanta, Georgia, with offices throughout the United States and
support operations in India and the Philippines. Utilizing
proprietary technology, global infrastructure and superior training
and processes, Ocwen provides solutions that help homeowners and
make our clients' loans worth more. Ocwen may post information that
is important to investors on its website (www.Ocwen.com).
CONTACT: FOR FURTHER INFORMATION CONTACT
Emily Kiggins
T: (203) 973-5312
E: ekiggins@levick.com
Ocwen Financial (NYSE:OCN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ocwen Financial (NYSE:OCN)
Historical Stock Chart
From Apr 2023 to Apr 2024