Ocwen and NID Join Forces with NAACP to Assist Struggling Homeowners in Sacramento, California
October 04 2016 - 04:20PM
Ocwen Financial Corporation (NYSE:OCN), a leading financial
services holding company, and NID Housing Counseling Agency (NID),
a U.S. Department of Housing and Urban Development (HUD)-approved
counseling organization headquartered in Oakland, CA, will host a
borrower outreach event on Saturday, October 8, 2016 in Sacramento,
California. The Sacramento Chapter of NAACP is teaming up with
Ocwen and NID for this event to ensure a strong turnout of Ocwen
customers.
The event will be held from 8:00 a.m. 2:00 p.m. at 2863 35th
Street in Sacramento, across from Guild Theater. Admission and
parking are free for all attendees. RSVPs are not required.
Ocwen customers, who are struggling to meet their mortgage
obligations, will have the opportunity to meet one-on-one with
Ocwen Home Retention Agents and NID housing counselors to discuss
loan modification options that could help lower their mortgage
payments.
“Ocwen understands that many Californians continue to struggle
financially, have questions about their mortgages, and want to
explore options to better afford their homes,” said Jill Showell,
Senior Vice President of Government and Community Relations at
Ocwen. “Our experience has shown that face-to-face meetings often
provide the best forum for borrowers to fully understand what
options are available. We are proud to be working with NID and the
NAACP to bring responsible solutions to as many struggling
borrowers as possible.”
Since 2008, Ocwen has granted more than 85,000 loan
modifications in California, over half of which included a
reduction in principal.
While the economy and the housing market have shown significant
improvement, Sacramento and the surrounding communities are still
feeling the residual effects of the crisis. According to
RealtyTrac, one in 1,067 properties in Sacramento County is in
foreclosure, compared to the state average of one in 1,354.
“NID is dedicated to serving its neighbors in California and
nationwide,” said Ray Carlisle, President of NID. “Ocwen recognizes
the benefits that homeownership offers to both families and their
communities. For thirty years, NID has collaborated with California
residents to acquire homes, practice prudent homeownership, and
retain their homes when difficulties arise. Homeowner outreach
events, such as this one in Sacramento, give borrowers the chance
to bring all their paperwork, sit down directly with a housing
counselor, and then work with the Ocwen Home Retention team to find
a real solution to make their mortgage more manageable. Saturday’s
event represents an on-the-ground, neighborhood cooperation between
borrower, housing advocates, and servicer to sustain the economic
growth in Sacramento County.”
Homeowners who attend the event will receive the following:
- Assistance with preparing their Request for Mortgage Assistance
(RMA) package;
- Information on borrower eligibility for state and federal
foreclosure assistance programs;
- Counseling on possible mortgage solutions tailored to fit their
unique financial situations; and
- Information on free, follow-up housing counseling and education
with NID.
For additional details and information on what to bring, call
Ocwen’s direct-access number for the event 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).
About NID NID-HCA is a national HUD approved
organization comprised of a diverse, centralized network of
advocacy groups and individuals, organizations, housing counselors,
real estate professionals, community groups, civic organizations
and faith-based organizations committed to ensuring fair housing
opportunities for all, especially in underserved urban/minority
communities throughout the country. As an advocacy, policy,
education, and resource network, NID-HCA works to provide its
partners and the communities they serve with information, services,
and products to assist them in increasing access to quality housing
and mortgage products, and curbing housing inequities.
For Further Information Contact
John Lovallo
T: (917) 612-8419
E: jlovallo@levick.com
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