NEWARK, N.J., Nov. 13, 2017 /PRNewswire/ -- New Jersey
Citizen Action (NJCA), Ocwen Financial Corporation (NYSE: OCN), and
the NJ State Conference of the NAACP are teaming up on Thursday, November 16, 2017 at the Appian Way in
Orange, NJ to explore mortgage
solutions with Ocwen borrowers from across the state who are having
difficulty paying their mortgages.
Homeowners are invited to join NJCA counselors and
representatives from Ocwen and the NJ NAACP for a complimentary
dinner and an informative presentation about how New Jersey Citizen
Action's free HUD-certified Loan Counseling Program can help
homeowners find mortgage solutions during difficult economic times.
Registration for the event is required.
The event, which is exclusively for Ocwen customers, will
include an informative presentation about state and local resources
that may assist borrowers with making their mortgages more
affordable.
Event attendees will have the opportunity to access free
counseling services and talk with Ocwen Home Retention Agents about
their mortgage. Attendees will be encouraged to schedule
confidential one-on-one appointments with NJCA counselors, who will
provide assistance on preparing a Request for Mortgage Assistance
(RMA) package, help borrowers determine eligibility for state or
federal foreclosure assistance programs, and facilitate
communication with Ocwen on ways to make their mortgages more
affordable.
"Homeowners in our communities are still struggling with their
mortgages, so we have partnered with Ocwen and the NAACP to help
borrowers by offering assistance and answers," said Phyllis Salowe-Kaye, Executive Director of NJCA.
"At a time when New Jersey
continues to lead the nation in residential foreclosures,
assistance in exploring mortgage solutions and starting the
application process for a mortgage modification, which can be a
daunting and overwhelming process, is greatly needed. All we ask of
homeowners is that they take this first step by coming to the event
to ask questions and get information."
Bruce Davis, Economic Development
Chairman of the NJ State Conference of the NAACP added, "The NAACP
is committed to empowering local families with education and
resources to achieve financial stability. We are pleased to work
with Ocwen and NJCA to help borrowers who are having problems
meeting their mortgage obligations find sustainable solutions."
"We are proud of our longstanding collaboration with NJCA and
the NAACP to help families find mortgage solutions to avoid
foreclosure," said Jill Showell,
Senior Vice President of Government and Community Relations at
Ocwen. "We believe that when families succeed, communities
succeed, and we are committed to helping homeowners in New Jersey find a path toward financial
stability."
Homeowners who attend the event will also have an opportunity to
schedule a one-on-one appointment with a HUD-certified counselor.
Counselors will provide a free and confidential assessment and
guidance through the necessary next steps towards a possible
solution with Ocwen. NJCA counselors will be available to:
- Facilitate communication with Ocwen's home retention
agents
- Assist borrowers as they prepare their Request for Mortgage
Assistance (RMA) package
- Determine whether borrowers are eligible for any state or
federal foreclosure assistance programs
- Listen and advise homeowners on possible mortgage solutions
depending on their unique situations
EVENT DETAILS
Dinner and the presentation will begin promptly at 6:00pm at the Appian Way, 619 Langdon Street in
Orange, NJ 07050. Free parking is
available in the restaurant's parking lot. Ocwen Home Retention
Specialists will be available before and after the event, from
4:30-6:00pm, and from 7:30-8:30pm, to answer any questions borrowers
have about their mortgage, and discuss solutions.
While all Ocwen borrowers and their spouse, partner, or co-owner
of their property are invited to attend the complementary dinner,
advance registration is required. To register, please call (973)
643-8800, extension 210, or email Michelle@njcitizenaction.org.
Online registration is also available at
www.njcitizenaction.org.
Ocwen currently services more than 44,000 loans in New Jersey. Since January 1, 2008, Ocwen has provided more than
27,950 loan modifications to New
Jersey borrowers and forgiven nearly $1.28 billion in debt. Nationwide, Ocwen has
completed approximately 755,000 loan modifications and provided
billions of dollars in principal forgiveness.
About New Jersey Citizen Action
New Jersey
Citizen Action is a statewide grassroots organization that promotes
social, racial and economic justice for all, using a combination of
issue advocacy, organizing and the provision of free financial
empowerment programs and services. For more information on NJCA and
our programs and services, visit www.njcitizenaction.org.
About Ocwen Financial Corporation
Ocwen 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 the NAACP
Founded 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 New
Jersey State Conference, please visit www.njscnaacp.org.
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SOURCE Ocwen Financial Corporation