Ocwen Donates $200K to Foreclosure Prevention

The Homeownership Preservation Foundation said Tuesday that it had received $200,000 from Ocwen Loan Servicing, LLC to help the foundation’s efforts in preventing foreclosure. HPF operates one of the nation’s largest national consumer hotlines for troubled borrowers at 888-995-HOPE, and online at http://www.995hope.org/. “Ocwen is proud to support the efforts of the Homeownership Preservation Foundation,” said Bill Rinehart, vice president and chief risk officer for Ocwen Loan Servicing. “The foundation is making a real difference in helping thousands of people stay in their homes, many of those Ocwen customers.” “We are grateful for the support we have received from Ocwen,” said Colleen Hernandez, president and executive director of the Homeownership Preservation Foundation. “Ocwen’s generous and timely gift will help us to provide direct service to homeowners facing possible foreclosure through our 888-995-HOPE hotline. In fact, calls to the hotline are up 30 percent in the first quarter of 2007 alone and we are receiving more than 300 calls a day from homeowners in trouble.”

The Homeownership Preservation Foundation, along with mortgage lenders, nonprofit organizations and city government agencies, provides homeowners with counseling and resources to help homeowners resolve their mortgage troubles. Homeowners who call the 888-995-HOPE number can receive free advice and counseling from nonprofit, HUD-certified organizations — 24 hours a day, 7 days a week.

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