Discusses importance of credit counseling in the current housing
environment
SEATTLE -- (Business Wire)
Ocwen Financial Corporation (NYSE:OCN) CEO Ronald Faris yesterday
addressed the National Foundation for Credit Counseling (NFCC)’s 49th
Annual Leaders Conference. As the leader of the fourth largest mortgage
servicer in the U.S., Faris shared his perspective on the current state
of the U.S. housing market and the importance of credit counseling in
helping struggling borrowers become current on their loans. Faris noted
that in the current credit environment, where lower income earners have
less access to credit, counselors could play an expanding role.
The NFCC is a respected national network of accredited financial
counselors with over 80 members who provide financial counseling and
educational services to millions of consumers each year. Its Annual
Leaders conference brings together these professionals with thought
leaders to address timely topics affecting the credit counseling sector.
“As we enter a phase with fewer funding sources, it is important that
all servicers, including Ocwen, be part of the dialogue to create a
sustainable funding model for housing counseling,” Faris said. “As we
move forward, we believe that there are expanded opportunities for
housing counselors.”
Ocwen has a history of collaborating with non-profit organizations and
housing counseling agencies to reach struggling borrowers. Since 2008,
Ocwen has helped over 460,000 families keep their homes with sustainable
modifications, more than any other mortgage servicer, through both HAMP
and non-HAMP programs.
“We were very pleased to have Ron Faris share Ocwen’s efforts to ensure
that American families have access to affordable and appropriate
mortgage solutions,” said Susan C. Keating, NFCC President and CEO. “His
remarks provided meaningful insight on this important topic for the
conference attendees.”
About Ocwen Financial Corporation
Ocwen Financial Corporation is a financial services holding company
which, through its subsidiaries, is engaged in the servicing and
origination of mortgage loans. Ocwen is headquartered in Atlanta,
Georgia, and has additional offices and operations in California,
Florida, Iowa, New Jersey, Pennsylvania, Texas, the United States Virgin
Islands, Washington, DC, India and Uruguay. Utilizing proprietary
technology, global infrastructure and world-class training and
processes, we provide solutions that help homeowners and make our
clients' loans worth more. Additional information is available at www.Ocwen.com.
OCN-04-30-13
Contacts:
Sard Verbinnen & Co.
Margaret Popper or David Millar
212-687-8080
Source: Ocwen Financial Corporation
© 2024 Canjex Publishing Ltd. All rights reserved.