Ocwen and HomeFree-USA to Assist Struggling MD Homeowners
June 6, 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. 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.
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