Ocwen and NAACP to Hold Homeowner Outreach Event in Washington State
August 30 2016 - 4:20PM
Ocwen Financial Corporation (NYSE:OCN), a leading financial
services holding company, along with the Seattle King County NAACP,
announced today that they will host a Help & Hope for
Homeowners borrower outreach event in Des Moines, Washington on
September 10, 2016. The event will be held in Des Moines to attract
borrowers from Seattle and Tacoma as well as the surrounding areas,
where delinquency rates remain relatively high.
The event for Ocwen customers will be held from 8:00 a.m. to
2:00 p.m. at the Highline College Student Union Center (Building 8)
at 2400 S. 240th Street in Des Moines, Washington. The event will
offer borrowers 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 modifications
and other options, including principal reduction programs, to make
their homes more affordable.
According to RealtyTrac, in King County – which includes Seattle
– one in 2,353 homes is in foreclosure. In certain pockets of the
city the foreclosure rate is much higher, such as in Seattle’s
Industrial District where the foreclosure rate is one in every 253
homes. In neighboring Pierce County – which encompasses Tacoma –
the rate is one in every 1,022 homes. In Tacoma, one in 980
properties is in foreclosure. In Des Moines, one in 844 properties
is in foreclosure.
Ocwen is a leader in helping struggling borrowers remain in
their homes, having completed more than 680,000 loan modifications
to date, many of which included a principal reduction for borrowers
whose mortgage exceeded the current value of their home. Ocwen is
also a leading participant in the Government’s HAMP program,
responsible for over 30 percent of new HAMP volume and 42 percent
of HAMP modifications involving principal reduction.
“Like many metropolitan areas, families around Seattle are still
at risk of losing their homes and need help now,” commented Jill
Showell, Senior Vice President of Government and Community
Relations at Ocwen. “Our Help & Hope for Homeowners events
offer real solutions and relief to distressed homeowners. The NAACP
is a trusted resource in the Seattle and Tacoma area, and together
we are committed to helping borrowers qualify for loan modification
options so they can better afford their homes.”
“The NAACP understands the significance of homeownership not
only for individuals, but for the communities where they live and
work,” said Dr. Sheley Secrest, Economic Development Chair of the
Seattle King County NAACP. “Owning a home gives families stability,
pride, and a vehicle for building wealth. Our local Help & Hope
for Homeowners event will give borrowers the opportunity to stay in
their homes by working directly with Ocwen Home Retention Agents
and HUD-approved financial counselors to find real solutions.”
Ocwen homeowners who attend the event and meet with a
HUD-certified counselor 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
- Counsel on possible mortgage solutions tailored to fit their
unique situations
Admission and parking are free at this event.
For additional details about Help & Hope for Homeowners and
Ocwen’s other community outreach efforts, please visit
www.OcwenCares.com/Events. Homeowners interested in the Des Moines
event can also 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).
FOR FURTHER INFORMATION CONTACT
Emily Kiggins
T: (203) 973-5312
E: ekiggins@levick.com
Ocwen Financial (NYSE:OCN)
Historical Stock Chart
From Aug 2024 to Sep 2024
Ocwen Financial (NYSE:OCN)
Historical Stock Chart
From Sep 2023 to Sep 2024