Ocwen Works with Ohio Community Groups to Produce Results for Struggling Borrowers
November 17 2017 - 6:30AM
Helped 1,200 struggling Ohio homeowners avoid
foreclosure to date in 2017
Ocwen Financial Corporation (NYSE:OCN), a leading financial
services holding company, announced loan modification borrower
assistance results for struggling Ohio homeowners through the third
quarter of 2017.
Central to Ocwen’s core mission of helping homeowners is the
Company’s commitment to help customers become current on their
mortgage payments through sustainable loan modifications that are
permitted by relevant investor agreements.
Working closely with nonprofit agencies in the first nine months
of 2017, Ocwen forgave approximately $14.6 million in mortgage debt
and helped approximately 1,200 Ohio families avoid foreclosure and
remain in their homes. The Company has provided more than 26,500
loan modifications to Ohio borrowers and forgiven nearly $342
million in debt since January 1, 2008.
Ocwen services approximately 44,000 loans in Ohio, a state that
was severely impacted by the housing crisis and continues to
rebuild many of its neighborhoods. In an effort to reach even more
struggling borrowers, Ocwen will join with Neighborhood Housing
Services (NHS) of Greater Cleveland on Thursday, December 14, from
3:00pm to 8:00pm Eastern Time to help families find mortgage
solutions to avoid foreclosure. This event is exclusively for Ocwen
homeowners and will take place at 5700 Broadway Avenue in
Cleveland, OH. Borrowers who attend will meet one-on-one with Ocwen
Home Retention Agents and housing counselors to discuss their
unique situations and explore potential solutions to lower their
mortgage payments.
Additionally, Ocwen is sponsoring the Working In Neighborhoods
(WIN) Annual Hall of Fame event on Monday, November 20. Ocwen has
collaborated with WIN for the past eight years and is pleased to
continue supporting the important services the organization
provides to the Greater Cincinnati area to help families achieve a
strong financial foundation through homeownership.
“Ocwen’s focus on its customers and community organizations in
Ohio produces positive results,” commented Jill Showell, Senior
Vice President of Government and Community Relations at Ocwen. “We
are proud to work closely with local nonprofits, such as NHS of
Greater Cleveland, Empowering and Strengthening Ohio’s People
(ESOP), and WIN to help homeowners in Ohio find solutions that
allow them to remain in their homes. Ocwen is making a real
difference in the lives of many struggling homeowners across the
state of Ohio, and remains committed to helping families and
communities.”
Michael Pires, Interim Executive Director of NHS of Greater
Cleveland, added, “My team and I know first-hand the challenges
facing families hoping to achieve, preserve, and sustain the
American Dream of homeownership. I encourage borrowers to attend
our upcoming event to learn more about local resources and ways to
work with NHS and Ocwen to make their home more affordable.”
Ocwen customer testimonials and specific state-by-state data on
our modification results can be found at OcwenCares.com.
Nationwide, Ocwen has completed approximately 755,000 loan
modifications and provided billions of dollars in debt
forgiveness.
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 John LovalloT:
(917) 612-8419 E: jlovallo@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