WASHINGTON, April 30, 2013 (GLOBE NEWSWIRE) -- Representatives from national and community-based housing advocacy groups, the mortgage industry and government and non-government agencies convened last week to identify and address new issues facing homeowners in the shifting housing market. "The Evolving Housing Market: Serving Homeowners in the New Regulatory Environment," was hosted by mortgage servicer and originator Ocwen Financial Corporation (NYSE:OCN). Key topics covered in the half-day roundtable included:
- The future of the mortgage origination market and its impact on low-to-moderate income families, particularly the impact of QM, QRM, FHA reform and GSE reform.
- The final rule on uniform servicing standards from the Consumer Financial Protection Bureau and how they will impact the foreclosure process and interact with consent agreements.
- The trends housing and credit counselors are seeing in the market and how counseling models could be improved.
About Ocwen Financial CorporationOcwen 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.
CONTACT: Susan Fitzpatrick Ocwen Financial Corporation Director, Communications T: (215) 734-4400 E: firstname.lastname@example.org