Ocwen partners with housing advocates to help troubled owners

Servicer making strides to rehab its image, performance

Ocwen Financial (OCN) is partnering with affordable housing groups to host several seminars for homeowners to explore possible mortgage solutions that could help them stay in their homes, the company announced Thursday.

This effort is part of Ocwen’s outreach, the company says, to bring real solutions to struggling homeowners in the United States, and part of its ongoing effort to rehabilitate its image after a rough 2014.

Ocwen Home Retention Agents will be present at all the upcoming events to offer homeowners free, face-to-face, individualized advice on finding the right mortgage solutions.

Ocwen borrowers will also have the opportunity to meet one-on-one with United States Department of Housing and Urban Development-approved financial counselors to discuss their unique situations.

“Hardworking homeowners in many neighborhoods across the nation still feel the effects of the 2008 housing crisis,” said Jill Showell, Senior Vice President of Government and Community Relations at Ocwen. “By partnering with respected leaders and organizations within these communities, we aim to bring trusted advice to borrowers to help maintain the dream of owning a home.”

To date, Ocwen has completed about 520,000 loan modifications, including 290,000 HAMP modifications nationwide. By teaming up with local partners, Ocwen aims to reach even more struggling families in an effort to help them remain in their homes.

Ocwen has almost a dozen such events planned in New York, California, Illinois, Wisconsin and Florida.

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