Ocwen and NAACP Help & Hope For Homeowners Florida Event Provides Real Solutions To Struggling Borrowers
June 08 2016 - 4:20PM
Ocwen Financial Corporation (NYSE:OCN), a leading financial
services holding company, and the Florida State Conference of the
NAACP announced today that approximately 50 Ocwen borrowers
attended the first Help & Hope for Homeowners event of 2016 in
Delray Beach, FL. Homeowners at the June 4 event met face-to-face
with Ocwen Home Retention Agents and U.S. Department of Housing and
Urban Development (HUD)-approved housing counselors to receive
personalized advice to make owning their home more affordable.
The event was targeted to homeowners having difficulty making
their mortgage payments. Throughout the course of the day, each
borrower’s financial situation was evaluated and mortgage solutions
were offered in an effort to allow them to remain in their home.
Ocwen has granted over 627,000 loan modifications and about $13
billion in mortgage principal reductions in the past eight
years.
“Ocwen knows firsthand that while much of the country has
recovered from the housing crisis, many borrowers are still
struggling to pay their mortgage,” commented Jill Showell, Senior
Vice President of Government and Community Relations at Ocwen.
“Ocwen understands the value of meeting with borrowers in person,
and by working together with the NAACP and the counseling community
we are bringing real solutions to borrowers in need.”
“Homeownership is one of the building blocks of financial
stability and a cornerstone of any thriving community,” commented
Torey Alston, Florida NAACP State Conference Economic Development
Chair. “Ocwen and the NAACP understand that for many Florida
borrowers, the dream of sustainable homeownership is threatened. We
are proud that through this local borrower outreach event series,
we have helped so many Floridians find mortgage solutions to allow
them to better afford their home.”
Borrowers attending the event were assisted by several
counseling agencies, including the Urban League of Palm Beach and
Broward counties, REACH, and NID. The Legal Aid Society of Palm
Beach County was also in attendance to assist borrowers. Attendees
at the event received personal guidance with preparing their
Request for Mortgage Assistance (RMA) package and information on
borrower eligibility for state and federal foreclosure assistance
programs tailored to fit their unique situations.
“Local, on the ground borrower outreach events not only have the
power to change a homeowner’s life, but also empower communities to
be stronger and more productive,” commented Jean Belzer Louis,
Director of Housing at the Urban League of Palm Beach County.
“Urban League provides real solutions, both here in Palm Beach
County and throughout Florida, to help struggling homeowners better
afford and remain in their homes. As a HUD housing counseling
agency we offer free services to families in need.”
The Delray Beach event follows four Help & Hope for
Homeowners in 2015 during which Ocwen and the NAACP met with over
800 Ocwen borrowers. Ocwen and the NAACP will host three additional
Help & Hope for Homeowners events throughout 2016 in Texas, New
Jersey, and Washington.
For details about the Help & Hope for Homeowners series and
Ocwen’s other community outreach, please visit
www.OcwenCares.com/Events. 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, 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).
NAACPFounded in 1909, the NAACP is the nation's
oldest and largest nonpartisan civil rights organization. Its
members throughout the United States and the world are the premier
advocates for civil rights in their communities. For
more information on the NAACP Florida State Conference, please
visit www.FLNAACP.com.
Urban League of Palm Beach County Urban League
of Palm Beach County has been at the forefront of youth, education,
and community and health empowerment for the past 43 years. Urban
League is the leading provider of comprehensive family services
helping more than 17,000 people annually in the achievement of
social and economic equality. As a HUD certified housing counseling
agency the Urban League provides free services in the areas of
foreclosure mitigation and pre-purchase counseling as well as
financial coaching. For more information visit www.ULPBC.org.
FOR FURTHER INFORMATION CONTACT
Emily Kiggins
ekiggins@levick.com
202 -973-5312
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