Ocwen, NAACP, and NID Bringing “Help & Hope” to Struggling Miami Homeowners
July 25 2017 - 7:00AM
Ocwen Financial Corporation (NYSE:OCN), the National Association
for the Advancement of Colored People (NAACP), and NID Housing
Counseling Agency (NID) are working together to host an event on
Saturday, July 29 for struggling homeowners in the Miami area. This
event is part of Ocwen’s “Summer of Help & Hope” series, an
initiative to bring responsible mortgage solutions to struggling
homeowners across the U.S.
The event will be held from 9:00a.m. to 3:00p.m. at the Betty T.
Ferguson Recreational Complex at 3000 NW 199th Street in Miami
Gardens, FL. There is no cost for admission or parking.
This event will offer Ocwen customers the opportunity to meet
with Ocwen Home Retention Agents and NID housing counselors to
explore loan modifications and other options to make their homes
more affordable.
“The rate of foreclosure in Florida, specifically Miami-Dade
County, is much higher than the national average,” said Jill
Showell, Senior Vice President of Government and Community
Relations at Ocwen. “Ocwen is committed to helping struggling
borrowers in Florida, and across the country, remain in their homes
and a part of their communities. Having trusted partners such as
the NAACP and NID, organizations that work in some of the nation’s
hardest hit communities, allows Ocwen to reach more of its
customers who are in need of assistance.”
Ocwen currently services more than 117,000 loans in Florida.
From January 1, 2008 through June 30, 2017, Ocwen has provided
borrowers in the state more than 85,500 loan modifications.
Approximately 38 percent of these modifications included principal
forgiveness, as permitted by applicable agreements, totaling more
than $2.15 billion. Nationwide, Ocwen has granted over 735,000 loan
modifications and provided billions of dollars in principal
forgiveness to homeowners at risk of foreclosure.
“Homeownership remains one of the single biggest ways a person
can build wealth in America,” commented Marvin Owens, Senior
Director of Economic Programs at the NAACP. “Even though the
housing market is showing signs of recovery, homeowners in
Florida’s minority communities continue to struggle to pay their
mortgages and remain in their homes. Ocwen borrower outreach events
are crucial to helping homeowners receive assistance and resources
on the local level, and hopefully have a chance at a fresh
start.”
“NID is a strong advocate of homeownership. One of our goals is
to help families facing financial hardship remain in their homes
and avoid foreclosure,” said Ray Carlisle, President of NID. “NID
has seen firsthand the value of local homeowner outreach events. We
have had significant success collaborating with the NAACP and
Ocwen, and together are making a difference in the lives of many
low- and moderate-income and minority families throughout the
country.”
Homeowners who wish to learn more about the event and what
documentation to bring can call 855-459-2514 or view the flyer at
OcwenCares.com/Events.
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.
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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