Homeownership Preservation Foundation Receives $200,000 from Ocwen
MINNEAPOLIS (April 10, 2007) – The Homeownership Preservation Foundation has received $200,000 in support from Ocwen Loan Servicing, LLC. The funding will be used to help the Foundation’s efforts in preventing foreclosure in the United States through its national consumer hotline, 888-995-HOPE (4673) – and its http://www.995HOPE.orgwebsite.
“Ocwen is proud to support the efforts of the Homeownership Preservation Foundation,” said Bill Rinehart, vice president and chief risk officer for Ocwen Loan Servicing. “The Foundation is making a real difference in helping thousands of people stay in their homes, many of those Ocwen customers.”
“We are grateful for the support we have received from Ocwen,” said Colleen Hernandez, president and executive director of the Homeownership Preservation Foundation. “Ocwen’s generous and timely gift will help us to provide direct service to homeowners facing possible foreclosure through our 888-995-HOPE hotline. In fact, calls to the hotline are up 30 percent in the first quarter of 2007 alone and we are receiving more than 300 calls a day from homeowners in trouble.”
The Homeownership Preservation Foundation along with mortgage lenders, nonprofit organizations and city government agencies, provides homeowners with counseling and resources to help homeowners resolve their mortgage troubles. Homeowners who call the 888-995-HOPE number can receive free advice and counseling from nonprofit, HUD-certified organizations – 24 hours a day, 7 days a week.
About the Homeownership Preservation Foundation
The Homeownership Preservation Foundation (HPF) is a Minneapolis-based 501(c)(3) nonprofit dedicated to reducing foreclosures and preserving homeownership for American homeowners. The Foundation was formed in 2003 with a $20 million seed contribution from GMAC ResCap (Residential Capital, LLC), one of the nation’s largest real estate finance companies. The Foundation partners with city, county and state governments; federal government agencies; community-based non-profit organizations; and mortgage companies to offer creative solutions to preserve homeownership. For more information about the Homeownership Preservation Foundation, please visit http://www.hpfonline.org.
About Ocwen Loan Servicing, LLC
Ocwen Financial Corporation is a leading provider of servicing and origination processing solutions to the loan industry with headquarters in West Palm Beach, Fla., offices in Orlando, Fla., Lisle, Ill., and Atlanta, Ga., and global operations in Canada, Germany, India and Taiwan. We make our clients’ loans worth more by leveraging our superior processes, innovative technology and high-quality, cost-effective global human resources. Additional information is available at http://www.ocwen.com.