Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Ocwen Financial Corp    OCN   US6757463095

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

OCWEN FINANCIAL : Congressman West Meets With Ocwen's Mortgage Modification Specialists Focused on Helping At-Risk Homeowners

08/22/2011 | 04:10pm US/Eastern
Local Company's Approach Could be Secret Weapon in Mortgage Crisis

WEST PALM BEACH, Fla., Aug. 22, 2011 -- Congressman Allen West (FL-22) met last week with top executives and call center representatives of Ocwen Financial Corporation ("Ocwen" or the "Company") (NYSE:OCN), a mortgage servicing organization that is working to modify the loans of at-risk homeowners. The Company recently announced it is expanding its loan modification program designed to combat foreclosure nationwide. The program focuses on principal reductions and aiding "under-water" borrowers who owe more than their house is worth. Congressman West paid a visit to the company's West Palm Beach operation this past Monday.

Congressman West met with Ocwen President and CEO Ron Faris, Executive Vice President Paul Koches and call center staff who work with distressed homeowners and learned how the company's approach to loans helps cure delinquent loans and keep borrowers in their homes.

"Homeowners should not have to suffer because of the damaging government policies perpetuated through Fannie Mae and Freddie Mac," West said. "The free market will gradually help the housing market recover."

"Ocwen has saved over 90,000 families from foreclosure through loan modifications even before the Treasury Department's HAMP program took effect," Faris said. "Since then, the Company has resolved more than 100,000 additional delinquencies, helping homeowners keep their homes."

CONTACT: Paul A. Koches
         T: 202-416-1602
Recommend :
React to this article
6d ago OCWEN FINANCIAL : Schedules Conference Call - 2nd Quarter 2014 Results
07/16 OCWEN FINANCIAL : Creates Community Advisory Council
07/14 OCWEN FINANCIAL : Entry into a Material Definitive Agreement, Financial Statemen..
07/14 WILBUR ROSS : Ocwen Financial Announces Repurchase From WL Ross & Co. Managed Fu..
07/07 OCWEN FINANCIAL : Mortgage Servicer Ocwen Supports Administration's Extension of..
06/28 OCWEN FINANCIAL : Mortgage Sending Claim Forms to More Than 26,000 Eligible Flor..
06/22 OCWEN FINANCIAL : Hosts Fifth Annual Housing Advocacy and Policy Forum
06/19 Ocwen Hosts Fifth Annual Housing Advocacy and Policy Forum
06/17DJU.S. HOT STOCKS : Hot Stocks to Watch
05/28 OCWEN FINANCIAL : SHAREHOLDER ALERT: Investigation on Behalf of Ocwen Financial ..
Duration : Period :
Ocwen Financial Corp Technical Analysis Chart | OCN | US6757463095 | 4-Traders
Income Statement Evolution
Ocwen Financial Corp : Income Statement Evolution
More Financials
Dynamic quotes