Ocwen and the NAACP Maryland State Conference “Help & Hope for Homeowners” Event Has Significant Turnout
November 17 2015 - 8:30AM
Ocwen Financial Corporation (NYSE:OCN) and the NAACP Maryland State
Conference hosted a "Help & Hope for Homeowners" event in Upper
Marlboro, MD on Saturday, November 14, to offer struggling Maryland
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 approximately 325
borrowers to make their mortgage payments more manageable and help
avoid foreclosure. Homeowners also met with the U.S. Department of
Housing and Urban Development (HUD)-approved financial counselors
for additional financial and mortgage-related assistance.
This year, Ocwen and the NAACP have met with
approximately 800 Ocwen borrowers in four states (Illinois,
Florida, New York, and Maryland) through the “Help & Hope for
Homeowners” event series. 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.
"It is important to recognize that while some have
recovered from the housing crisis, many families, especially in
low-income communities, are still struggling to keep their
homes. Saturday’s turnout confirms that fact," explained
Edsel Brown, Jr., NAACP Maryland State Conference Economic
Development Chair. "The NAACP is pleased that Ocwen is working with
us on the local level to offer borrowers the opportunity to meet
with their experienced home retention agents and HUD counselors
face-to-face to explore modification options that can help save
their homes."
"Both Ocwen and the NAACP are committed to helping
borrowers have every opportunity to remain in their homes,”
commented Jill Showell, Senior Vice President of Government and
Community Relations at Ocwen. “Co-hosting these events with the
NAACP, a trusted resource in the community, adds tremendous value
and ensures higher participation rates. The numbers speak for
themselves.”
Homeowners who attended the event and met with
HUD-certified counselors received 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.
For details about the "Help & Hope for Homeowners" event
series and other efforts Ocwen is making in its communities, please
visit www.OcwenCares.com. 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 CorporationOcwen
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 West Palm
Beach, Florida, 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).
FOR FURTHER INFORMATION CONTACT
Emily Kiggins
T: (203) 973-5312
E: ekiggins@levick.com
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