UPPER MARLBORO, Md.,
Oct. 26, 2015 /PRNewswire/
-- The Maryland State Conference of NAACP Branches, along with
Ocwen Financial Corporation (NYSE:OCN), a leading financial
services holding company, announced today its fourth local
homeowner outreach event to help borrowers stay in their homes. The
Maryland Help and Hope for Homeowners event, scheduled for
Saturday, November 14, 2015, will
offer homeowners in Prince George's
County, surrounding areas in Maryland, and the Washington, D.C. metropolitan area, the
opportunity to meet with Ocwen Home Retention Agents and U.S.
Department of Housing and Urban Development (HUD) approved
financial counselors to explore loan modification options,
including principal reduction.
This event for Ocwen customers follows successful events
recently held in Chicago, Ft.
Lauderdale, and Long Island where more than 475 borrowers sought
help with a significant number finding solutions. Additional events
are being planned for 2016 in other areas of the country impacted
by foreclosures.
According to RealtyTrac's August
2015 U.S. Foreclosure Market Report, Maryland posted the nation's second highest
foreclosure rate for June, July, and August
2015, with one in every 534 Maryland homes foreclosing in
August.
RealtyTrac also recently reported that, in the third quarter of
2015, Maryland's foreclosure rate ranked fourth in the nation.
During the same time period, Washington,
D.C. was among the nation's largest metro areas to record a
year-over-year increase in foreclosure activity.
"While it is believed that the mortgage crisis has subsided in
many parts of the country, Maryland homeowners, especially those in
Prince George's County, are still
struggling," said Edsel Brown, Chair
of the Economic Development Committee, Maryland State Conference of
NAACP Branches. "The Maryland State Conference of NAACP Branches is
committed to providing struggling homeowners the assistance they
need to stay in their homes. That is why we are working with Ocwen
– a mortgage servicer that not only says it cares about homeowners,
but takes actionable steps to help borrowers on the local level
find real solutions to their mortgage challenges."
The Maryland State Conference of NAACP Branches and Ocwen have a
shared goal of helping families trying to stay in their homes.
Foreclosures have been, and continue to be, an epidemic in
communities of color. It's a troubling reality that African
Americans and other under-served groups continue to experience
disproportionately high levels of unemployment, poverty, and
foreclosures.
The "Help and Hope for Homeowners" event will be held on
Saturday, November 14, 2015 from
8:30 a.m. – 4:00 p.m. at Largo High School (505 Largo Rd.,
Upper Marlboro, MD 20774).
Admission and parking are free for all attendees. Homeowners whose
loans are serviced by Ocwen are encouraged to attend this event to
meet with Ocwen Home Retention Agents and HUD-approved housing
counselors.
Ocwen customers interested in attending can view what to expect
at the event by clicking here or visit the OcwenCares website to
learn more about how Ocwen is working with homeowners.
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 current expenses (or a budget or copies of their
bills)
- Documents related to other mortgages, HOA dues, property taxes,
and/or homeowner insurance
For more information, Ocwen homeowners are encouraged to call
the NAACP-dedicated hotline at (855) 459-2514.
About Maryland State Conference of NAACP Branches
The Maryland State Conference of NAACP Branches (MSC)
encompasses 24 adult units including an active Youth and College
Division. For the last 75 years, the National Award winning MSC has
stood as Maryland's oldest and
largest civil rights organization. Our mission is to improve the
political, educational, social and economic status of
African-Americans and other racial and ethnic minorities. We seek
to encourage and support legislation and policies at the state
level which advance the programs and policies of the Association
and to oppose legislation and policies which are adverse to the
programs and policies of the Association. The MSC legislative
priorities are to increase registration and voting; work for the
enactment of municipal, state and federal legislation designed to
improve the educational, political and economic status of people of
color; work to repeal racially discriminatory legislation; and
improve the administration of justice and secure equal enforcement
of the law. The MSC has stood on the front lines influencing the
passage of such legislation as the Repeal of the Death Penalty;
Maryland Dream Act; the Decriminalization of Marijuana; the Healthy
Births for Incarcerated Women Act (Anti-Shackling Bill); Maryland
Minimum Wage; Prevent Gun Violence; Reasonable Accommodations for
Pregnant Workers Act; Commission to Study the Disproportionate
Justice Impact on Minorities; and Commission on the Commemoration
of the Anniversary of the Passage of the 19th Amendment to the
United States Constitution among countless others.
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SOURCE Maryland State Conference of NAACP Branches