Ocwen Financial Corporation has announced loan modification borrower assistance results for struggling Ohio homeowners through the third quarter of 2017.
Working closely with non-profit agencies in the first nine months of 2017, Ocwen forgave approximately $14.6 million in mortgage debt and helped approximately 1,200 Ohio families avoid foreclosure and remain in their homes. The company has provided more than 26,500 loan modifications to Ohio borrowers and forgiven nearly $342 million in debt since Jan. 1, 2008.
Ocwen services approximately 44,000 loans in Ohio, a state severely impacted by the housing crisis and continues to rebuild many of its neighborhoods. In an effort to reach even more struggling borrowers, Ocwen will join with Neighborhood Housing Services (NHS) of Greater Cleveland on Dec. 14 to help families find mortgage solutions to avoid foreclosure at 5700 Broadway Avenue in Cleveland. Borrowers who attend will be able to meet one-on-one with Ocwen Home Retention Agents and Housing Counselors to discuss their unique situations and explore potential solutions to lower their mortgage payments.
“Ocwen’s focus on its customers and community organizations in Ohio produces positive results,” said Jill Showell, Senior Vice President of Government and Community Relations at Ocwen. “We are proud to work closely with local nonprofits, such as NHS of Greater Cleveland, Empowering and Strengthening Ohio’s People (ESOP), and WIN to help homeowners in Ohio find solutions that allow them to remain in their homes. Ocwen is making a real difference in the lives of many struggling homeowners across the state of Ohio, and remains committed to helping families and communities.”
Nationwide, Ocwen has completed approximately 755,000 loan modifications and provided billions of dollars in debt forgiveness.
“My team and I know first-hand the challenges facing families hoping to achieve, preserve, and sustain the American Dream of homeownership,” said Michael Pires, Interim Executive Director of NHS of Greater Cleveland. “I encourage borrowers to attend our upcoming event to learn more about local resources and ways to work with NHS and Ocwen to make their home more affordable.”
