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Ocwen Discusses Loan Mods for Struggling Families

GSE loansFalling behind on loans is sometimes inevitable for some homeowners. Now a new partnership between Ocwen Financial Corporation and Bridgeport Neighborhood Trust (BNT), a non-profit organization that provides an array of services in the Bridgeport community, aims to educate families who have fallen behind on their mortgage payments by discussing loan modification options that can help them catch up.

Homeowners who attend the event will meet one-on-one with Ocwen Home Retention Agents and housing counselors from Bridgeport Neighborhood Trust, a U.S. Department of Housing and Urban Development-approved counseling agency. Homeowners will have the opportunity to discuss their unique situations and receive information about potential options to lower their mortgage payments to make their homes more affordable.

“Ocwen is focused on helping as many families as possible stay in their homes and remain a part of their community,” said Jill Showell, SVP, Government and Community Relations at Ocwen. “Bridgeport Neighborhood Trust has a deep commitment to the city, and we are excited to join forces to help homeowners in the area find a responsible mortgage solution to better afford their homes and build a stronger community.”

“Our mission is to lead, empower and change Bridgeport neighborhoods by improving the quality of life,” said Elizabeth Torres, CEO of Bridgeport Neighborhood Trust. “Sustainable homeownership helps families become more involved in their communities, keeps neighborhoods safe and vibrant, and positively impacts local and state economies. We are pleased to have the Ocwen team working one-on-one with local homeowners to help them explore available options to avoid foreclosure and remain a part of Bridgeport.”

AAccordingto BNT, their mission is to "LEAD, EMPOWER and CHANGE Bridgeport neighborhoods, improving quality of life through affordable housing opportunities." To meet this challenge, BNT develops and manages affordable housing, provides comprehensive homeownership education and wealth building services, and supports economic empowerment through its social enterprise initiative.

This event is designed exclusively for Ocwen customers and will be held from 11:00 am – 7:00 pm Eastern Time on Monday October 1, 2018, at Bridgeport Neighborhood Trust located at 570 State Street, Bridgeport, CT. Ocwen customers interested in attending this event can register at www.bntweb.org or call 203-290-4255. For additional information visit www.OcwenCares.com/Events.

About Author: Seth Welborn

Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer.

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