UPPER MARLBORO, Md., Oct. 26, 2015 /PRNewswire/ -- The Maryland State Conference of NAACP Branches, along with Ocwen Financial Corporation (NYSE:OCN), a leading financial services holding company, announced today its fourth local homeowner outreach event to help borrowers stay in their homes. The Maryland Help and Hope for Homeowners event, scheduled for Saturday, November 14, 2015, will offer homeowners in Prince George's County, surrounding areas in Maryland, and the Washington, D.C. metropolitan area, the opportunity to meet with Ocwen Home Retention Agents and U.S. Department of Housing and Urban Development (HUD) approved financial counselors to explore loan modification options, including principal reduction.
This event for Ocwen customers follows successful events recently held in Chicago, Ft. Lauderdale, and Long Island where more than 475 borrowers sought help with a significant number finding solutions. Additional events are being planned for 2016 in other areas of the country impacted by foreclosures.
According to RealtyTrac's August 2015 U.S. Foreclosure Market Report, Maryland posted the nation's second highest foreclosure rate for June, July, and August 2015, with one in every 534 Maryland homes foreclosing in August.
RealtyTrac also recently reported that, in the third quarter of 2015, Maryland's foreclosure rate ranked fourth in the nation. During the same time period, Washington, D.C. was among the nation's largest metro areas to record a year-over-year increase in foreclosure activity.
"While it is believed that the mortgage crisis has subsided in many parts of the country, Maryland homeowners, especially those in Prince George's County, are still struggling," said Edsel Brown, Chair of the Economic Development Committee, Maryland State Conference of NAACP Branches. "The Maryland State Conference of NAACP Branches is committed to providing struggling homeowners the assistance they need to stay in their homes. That is why we are working with Ocwen – a mortgage servicer that not only says it cares about homeowners, but takes actionable steps to help borrowers on the local level find real solutions to their mortgage challenges."
The Maryland State Conference of NAACP Branches and Ocwen have a shared goal of helping families trying to stay in their homes. Foreclosures have been, and continue to be, an epidemic in communities of color. It's a troubling reality that African Americans and other under-served groups continue to experience disproportionately high levels of unemployment, poverty, and foreclosures.
The "Help and Hope for Homeowners" event will be held on Saturday, November 14, 2015 from 8:30 a.m. – 4:00 p.m. at Largo High School (505 Largo Rd., Upper Marlboro, MD 20774). 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 HUD-approved housing counselors.
To get the most out of the meetings with the counselors and home retention agents, homeowners are asked to bring:
- Photo ID (Required)
- Two most recent pay stubs, profit & loss statements, and/or bonus or commission records
- Two most recent bank statements
- Most recent tax return
- Latest utility bill
- A list of current expenses (or a budget or copies of their bills)
- Documents related to other mortgages, HOA dues, property taxes, and/or homeowner insurance
For more information, Ocwen homeowners are encouraged to call the NAACP-dedicated hotline at (855) 459-2514.
About Maryland State Conference of NAACP Branches
The Maryland State Conference of NAACP Branches (MSC) encompasses 24 adult units including an active Youth and College Division. For the last 75 years, the National Award winning MSC has stood as Maryland's oldest and largest civil rights organization. Our mission is to improve the political, educational, social and economic status of African-Americans and other racial and ethnic minorities. We seek to encourage and support legislation and policies at the state level which advance the programs and policies of the Association and to oppose legislation and policies which are adverse to the programs and policies of the Association. The MSC legislative priorities are to increase registration and voting; work for the enactment of municipal, state and federal legislation designed to improve the educational, political and economic status of people of color; work to repeal racially discriminatory legislation; and improve the administration of justice and secure equal enforcement of the law. The MSC has stood on the front lines influencing the passage of such legislation as the Repeal of the Death Penalty; Maryland Dream Act; the Decriminalization of Marijuana; the Healthy Births for Incarcerated Women Act (Anti-Shackling Bill); Maryland Minimum Wage; Prevent Gun Violence; Reasonable Accommodations for Pregnant Workers Act; Commission to Study the Disproportionate Justice Impact on Minorities; and Commission on the Commemoration of the Anniversary of the Passage of the 19th Amendment to the United States Constitution among countless others.
SOURCE Maryland State Conference of NAACP Branches