NAACP And Owen Look To Help Underwater Borrowers

The NAACP New York State Conference, in partnership with Ocwen Financial Corporation, today announced its third local homeowner outreach event to help struggling borrowers. The “Help & Hope for Homeowners” event will be held on Saturday, September 26, 2015 in Uniondale, NY, and will offer New York homeowners the opportunity to meet with Ocwen Home Retention Agents and U.S. Department of Housing and Urban Development approved financial counselors to learn about loan modification programs, including principal reductions, that can help make their homes more affordable. This event for Ocwen customers follows successful events recently held in Chicago and Ft. Lauderdale where over 250 borrowers sought solutions.

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In August 2015, New York State Comptroller Thomas P. DiNapoli issued a report on foreclosure activity in New York, finding that “trends in both new foreclosure filings and the total number of pending foreclosure cases indicate that the problem is far from resolved.” Specifically, the downstate area outside of New York City has experienced “the greatest number of pending foreclosures, and has experienced relatively rapid growth in the number of pending foreclosure cases over the past two years.”

“Foreclosures continue to be an epidemic in communities of color. It’s a troubling reality that African Americans and other minorities continue to experience disproportionately high levels of unemployment, poverty, and foreclosures,” said Garry Anthony Johnson, NAACP New York State Conference Economic Development Chair. “The NAACP recognizes there is still work to be done throughout the New York metropolitan area to help struggling homeowners better afford their homes and remain part of their community. This is a key reason we are partnering with Ocwen – to help educate homeowners on loan modification programs, including principal reduction, which can help make homes more affordable.”

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The “Help and Hope for Homeowners” event will be held on Saturday, September 26, 2015 from 8:30 a.m. – 4:30 p.m. at the Long Island Marriott Grand Ballroom, located at 101 James Doolittle Blvd., Uniondale, NY. Admission and parking are free for all attendees. Homeowners whose loans are serviced by Ocwen are encouraged to attend this event to meet with Ocwen Home Retention Agents and housing counselors.

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