Ocwen and NeighborWorks® Sacramento Launch Targeted California Campaign To Help Struggling Borrowers
07 December 2016 - 11:15PM
Ocwen Financial Corporation (NYSE:OCN), a leading financial
services holding company, and NeighborWorks® HomeOwnership Center
Sacramento Region (NeighborWorks® Sacramento), a California
non-profit focused on strengthening communities and providing
education and financial resources to homeowners, are reaching out
to approximately 1,400 Ocwen customers in California who are behind
on their mortgage payments and could benefit from a loan
modification.
The outreach effort is targeted at customers in the metro areas
of Los Angeles, San Bernardino, and Riverside and is designed to
encourage struggling homeowners to explore mortgage modification
options, including those offered by the Home Affordable
Modification Program (HAMP) prior to its expiration at the end of
2016. These three metro areas have some of the highest percentages
of delinquent Ocwen loans in California.
"Ocwen is committed to helping families remain in their homes
whenever possible and HAMP is still an important solution," said
Jill Showell, Senior Vice President of Government and Community
Relations at Ocwen. "NeighborWorks® Sacramento has a strong history
of working with underserved populations on financial education and
housing counseling and we are pleased to be working with them on
this effort."
Since 2008, Ocwen has provided more than 88,000 loan
modifications to California families in distress. More than half of
these modifications included a principal write-down, which was a
benefit for borrowers who owed more on their mortgage than their
home was worth. Ocwen currently services approximately 190,000
mortgages in California.
"We are pleased to partner with Ocwen to proactively reach out
to struggling homeowners in the hardest hit areas of California in
hopes of assisting them in finding a responsible modification
solution," said Pam Canada, President and CEO of NeighborWorks®
Sacramento. "Together we hope to leverage the benefits of the HAMP
program and the Keep Your Home California program to help as many
families as possible."
For additional details about Ocwen’s other community outreach
efforts, please visit www.OcwenCares.com. Homeowners interested in
working with NeighborWorks® Sacramento can reach them directly at
mhn@nwsac.org or by calling (844) 219-6076.
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
Media:
John Lovallo
Email: jlovallo@levick.com
Tel: 917-612-8419
Ocwen Financial (NYSE:OCN)
Historical Stock Chart
From Sep 2024 to Oct 2024
Ocwen Financial (NYSE:OCN)
Historical Stock Chart
From Oct 2023 to Oct 2024