Ocwen and HomeFree-USA to Assist Struggling MD Homeowners – NMP Skip to main content

Ocwen and HomeFree-USA to Assist Struggling MD Homeowners

NationalMortgageProfessional.com
Jun 06, 2017
Ocwen Financial Corporation and HomeFree-USA will co-host a borrower outreach event in Riverdale, Md. to help Maryland homeowners who are struggling to meet their mortgage obligations

Ocwen Financial Corporation and HomeFree-USA will co-host a borrower outreach event in Riverdale, Md. to help Maryland homeowners who are struggling to meet their mortgage obligations. This event, “More Help for Homeowners” will be held on June 8 from 1:00 p.m.-7:00 p.m. ET at HomeFree-USA's offices at 6200 Baltimore Avenue, Riverdale, Md. Both admission and parking are free for all attendees.
 
At this event, Ocwen customers who are struggling with their mortgage payments will have the opportunity to meet one-on-one with Ocwen Home Retention Agents and HomeFree-USA housing counselors to discuss loan modification programs that could help reduce their monthly payments.
 
Ocwen services more than 38,000 loans in Maryland. From Jan. 1, 2008 through March 31, 2017, Ocwen has provided more than 26,700 Maryland homeowners with loan modifications. Approximately 37 percent of these modifications included principal forgiveness totaling more than $644 million, or an average of more than $64,700 per loan.
 
“Affordable homeownership stabilizes families and communities and we encourage anyone struggling with their mortgage to attend this event,” said Jill Showell, senior vice president of Government and Community Relations at Ocwen. “HomeFree-USA is on the ground everyday working to help families find housing solutions. Together, we can improve the lives of Maryland homeowners by offering loan modifications that will allow them to remain in their homes.”
 
Since Jan. 1, 2008, Ocwen has granted more than 735,000 loan modifications, including approximately 75,000 in 2016, and is responsible for 20 percent of all modifications under the U.S. Department of the Treasury Home Affordable Modification Program (HAMP). Ocwen also has provided billions of dollars in principal forgiveness to homeowners at risk of foreclosure.

 
Published
Jun 06, 2017
Mortgage Industry Will Soon Be ARMed To The Teeth

ARM loans might be a saving grace to borrowers who recently purchased a home, but it comes with risks.

Industry News
May 20, 2022
Battle Between Loan Originators Gets Sparkly and Dirty

Flowers is suing both Durosko and Peevey for these pranks, demanding compensation for their harmful acts, but that doesn’t tell the whole story. 

Industry News
May 18, 2022
FirstClose Receives $35M Investment From Lateral

Fintech says it will use the investment to expand its growing financial services footprint.

Industry News
May 18, 2022
Mortgage News Network Launches Podcast On Helping Underserved Borrowers

'Gated Communities' looks at why homeownership gap is increasing, and what lenders are doing to reverse the trend.

Industry News
May 17, 2022
Class Valuation Appoints EVP Of Valuation Modernization

Cristy Conolly will focus on removing bias from the equation in appraisals.

Industry News
May 17, 2022
Open Mortgage Appoints New Chief Financial Officer

Anthony Nolte, Open Mortgage's CFO since 2019, will transition to chief legal officer.

Industry News
May 17, 2022