Neighborhood Housing Services of New York City Teams Up with Ocwen Financial Corporation to Offer Aid to Struggling Homeowners

NEW YORK, March 6, 2015 /PRNewswire/ -- Neighborhood Housing Services of New York City, Inc. (NHS) announced today it invited homeowners from throughout the Queens area to meet with housing specialists to explore loan modification solutions that can help borrowers avoid foreclosure and preserve homeownership. The event is being held on Saturday, March 7, 2015, from 10:00 a.m. to 3:00 p.m. ET at the office of Neighborhood Housing Services (NHS) of Northern Queens.

The event will bring together borrowers, experienced NHS-certified housing counselors and Ocwen Financial Corporation (Ocwen) Home Retention Agents to provide mortgage-stressed homeowners with loss mitigation and other foreclosure intervention solutions. It is part of a series of mortgage help forums hosted by NHS in collaboration with mortgage servicers throughout the first quarter of 2015.

"Our mission is to revitalize underserved neighborhoods by creating and preserving affordable housing and providing opportunities for homeownership education, financial assistance and community leadership. But to be effective, we must work in partnership with government and business, and that includes mortgage servicers," said Bernell Grier, CEO of NHSNYC.

Ocwen services about 47,000 active loans in the New York City metropolitan area. Of those loans, Ocwen has completed more than 8,800 modifications since 2012. Nationwide, Ocwen has completed more than 500,000 loan modifications.

NHS has six offices throughout the New York area located in: East Flatbush, Bedford Stuyvesant, Manhattan (NHSNYC NeighborWorks Homeownership Center)., Northern Queens, the North Bronx and the South Bronx as well as satellite offices in Canarsie,  Sheepshead Bay, Brighton Beach and District Council 37 Union in Manhattan.  NHS has assisted over 94,700 homeowners in averting foreclosure.  In addition, NHS is a certified Community Development Financial Institution and one of the first chartered-members of NeighborWorks™ America (NW), a national network of more than 235 affordable housing and community development organizations in all 50 states.

"We are excited to host this event with Ocwen because they truly care. They are willing to come and sit at the table with borrowers to try and find solutions to the challenges they face with their mortgages," said Patricia Primo, NHS Homeownership Program Director. "In fact, in our experience, Ocwen's modification style has been one of the most effective at keeping borrowers in their homes. The work they've done has kept families in their homes, and kept neighborhoods intact. That's something that we all can be thankful for."

If you are an Ocwen borrower in Queens and would like to attend the event, please call 718-457-1017 and ask for information about the NHS\Ocwen Home Retention event. Homeowners are required to bring documents including pay stubs, tax returns, and bank statements to their counseling session. Homeowners are required to bring documents including pay stubs, tax returns, and bank statements to their counseling session.

About Neighborhood Housing Services of New York City, Inc.
Neighborhood Housing Services of New York City, Inc. (NHS) is a community-based organization with targeted impact in the boroughs of New York City. Since 1982, NHS provides resources to stabilize New York City neighborhoods and assist New Yorkers individual to invest in, preserve and improve their Neighborhoods, their Homes and their Future. NHS is a HUD-approved housing counseling agency and a NeighborWorks® Chartered organization. Please visit our website at www.nhsnyc.org to learn more.

About NeighborWorks America
For more than 35 years, NeighborWorks America has created opportunities for people to improve their lives and strengthen their communities by providing access to homeownership and to safe and affordable rental housing. In the last five years, NeighborWorks organizations have generated more than $22.5 billion in reinvestment in these communities. NeighborWorks America is the nation's leading trainer of community development and affordable housing professionals.

SOURCE Neighborhood Housing Services of New York City, Inc.