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2016-05-06T00:00:00.000Z

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Wrong Ronald Faris?

Mr. Ronald Faris M.

President

Ocwen Financial Corporation

Direct Phone: (561) ***-****       

Email: r***@***.com

Ocwen Financial Corporation

1661 Worthington Road Suite 100

West Palm Beach, Florida 33409

United States

Company Description

Ocwen Financial Corporation (Ocwen) is a provider of residential and commercial mortgage loan servicing, special servicing and asset management services. The Company operates in three segments: Servicing, Loans and Residuals and Asset Management Vehicles ... more

Find other employees at this company (3,003)

Background Information

Education

Bachelor of Science

Pennsylvania State University

Bachelor of Science
Accounting
The Pennsylvania State University

Web References (200 Total References)


Ocwen Financial Offers New Loan Modification Program

www.thecoffmanteam.com [cached]

That's a significant benefit to the customer and, we believe, the economy and housing market," Ocwen CEO Ronald Faris.

"Psychologically, it's important too," Faris adds. "Our analytics tell us that an underwater mortgage is one-and-a-half to two-times more likely to default than one with at least some positive equity."
Ocwen launched a pilot SAM program in August 2010 and is now expanding the program to 33 states.
"We think this program can make a real impact on curing the negative equity problem, and are working hard to obtain approvals for SAMs in all jurisdictions," added Faris.
The pilot program achieved a 79 percent borrower acceptance rate, and only 2.63 percent of loans redefaulteld, according to Faris.


Criminal Law

www.orionparanormal.com [cached]

We understand the problems facing homeowners and communities across America and we look forward to working with the City to offer real solutions and financial support that can help make a difference for homeowners in Milwaukee, commented Ron Faris, President and CEO of Ocwen. Since 2008, more than 2,000 Milwaukee families have received a modification from Ocwen and over half of those involved a reduction in principal. Mr. Faris continued, We appreciate the assistance and guidance from Mayor Tom Barrett and Common Council President Michael Murphy, who helped us better understand the local challenges facing the community and worked with us to find solutions.


Ocwen President Recommends Improvements to HAMP in Congressional Testimony - Cogent QC: Award-Winning Loan Quality Control & Compliance Software

cogentqc.com [cached]

In congressional testimony, Ocwen's President Ronald Faris claimed:

...
Also worthy of note: Mr. Faris is one of the few industry voices who believes that HAMP is a "well designed response to the mortgage crisis". Maybe he's on to something.


CAP Report Argues Shared Appreciation Strategy for GSEs -- Rooflines

www.rooflines.org [cached]

The report specifically cites a recent Shelterforce interview with Ocwen Financial CEO Ron Faris, who discussed the lender's shared appreciation modification program.

The idea that a shared appreication mortgage, or SAM, is a sensible workout instrument is not a new idea, but we're now seeing signs that it might be gaining some traction. In his interview, Faris, in no uncertain terms, makes clear that SAMs make financial sense to investors, the lenders, and most important, the homeowner:


Capital Markets & Neighborhood Stabilization -- Rooflines

www.rooflines.org [cached]

Interview with Ocwen CEO Ron Faris: As many in the field now know, Ocwen has emerged as something of a loan modificaition trailblazer by way of its innovative Shared Appreciation Modification program. In this interview, Faris discusses why loan mods produce the best outcomes for the homeowners and investor.

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