NEW YORK, March 26, 2015 /PRNewswire/ -- Bridge Street Development Corporation announced today it invited more than 1,600 homeowners to meet with specialists to discuss potential options available to help borrowers stay in their homes. The event, hosted by Bridge Street Development Corporation and sponsored by Ocwen Financial Corporation (Ocwen), is being held on Saturday, March 28, 2015, from 10:00 a.m. to 3:00 p.m. ET at Marjorie Richardson Court, 359 Hendricks Street in Brooklyn, New York.
This free event will bring together borrowers, certified U.S. Department of Housing and Urban Development (HUD) counselors, and Ocwen Home Retention Agents to discuss ways to avoid foreclosure in order for struggling borrowers and families to remain in their homes.
"One-on-one counseling is one of the most effective ways to preserve homeownership. We are grateful that Ocwen is willing to join us at the table to discuss foreclosure prevention solutions with borrowers, many still struggling years after the financial crisis," said Imelba Rodriguez, Senior Program Director. "Ocwen's willingness to be part of our borrower outreach efforts is a testament to the company's commitment to keeping borrowers in their homes."
Ocwen services about 47,000 active loans in the New York City metropolitan area, including about 11,500 loans in Brooklyn. Of those loans, Ocwen has completed more than 8,800 modifications since 2012. Ocwen has completed more than 2,200 modifications in Brooklyn. Nationwide, Ocwen has completed more than 500,000 loan modifications.
"Our vision is to preserve Bedford-Stuyvesant and the adjacent neighborhoods of central and eastern Brooklyn as a desirable neighborhood for raising families, owning businesses, and taking part in rich cultural, spiritual, and recreational opportunities. That includes creating stability in our neighborhoods and preserving homeownership," said Emilio Dorcely, President & CEO. "The ability to keep people in their homes is critical to our success, and our partnership with Ocwen helps us make that dream a reality."
If you are an Ocwen borrower in Brooklyn and would like to attend the event, please call 718-636-7596 ext. 221 and ask for information about the Ocwen Home Retention event. Homeowners can also register online. Homeowners are asked to bring their most recent paystubs, two most recent bank statements, most recent mortgage statement, and most recent utility bill.
About Bridge Street Development Corporation
Bridge Street Development Corporation (BSDC) is a faith-based, 501(c)(3) not-for-profit organization the mission of which is to build partnerships with businesses, government, and other community stakeholders to provide civic and economic opportunities to the residents of Central Brooklyn.
SOURCE Ocwen Financial Corporation