Archive for the 'Foreclosure Prevention' Category

 Foreclosure Prevention

By Lauralynn Schueckler Owning a home or condo can be a rewarding experience in the life of many people. While homeownership is most often an emotionally gratifying occurrence for an individual or family it can sometimes be difficult to manage some of the financial burdens associated with owning a home. Since many people use mortgages […]



 How Housing Counseling Could Help You

By Lauralynn  Schueckler Whether you are thinking of buying your own home or are already a homeowner, housing counseling can offer valuable help when you need it most. It is a common misconception to believe that housing counseling is only for people whose mortgages are underwater or those who have bad credit.  For those who are […]



 Worried About Your Mortgage?
Do Not Go It Alone-Seek FREE Help

By Sara Gilbert The number of foreclosure filings are on the increase in many areas in the country. Some mortgage lenders may have held off on the filing of a foreclosure, and just now they seem to be taking action to begin the foreclosure process with more homeowners.     The good news is many of those […]



 Study Indicates that Holistic Financial Counseling Significantly Improves the Performance of Distressed Mortgage Loan Portfolios

  Mortgage investors and servicers can avoid hundreds of millions of dollars in losses by providing borrowers with counseling that lowers monthly spending and frees up cash New research by the noted STRATMOR Group reveals that providing holistic financial counseling to borrowers who are at risk of default and foreclosure can not only prevent foreclosure, […]



 Wells Fargo Supports Non-Profit Foreclosure-Prevention Counseling Through NFCC Grant

The NFCC has received a grant of $250,000 from Wells Fargo & Company to support the delivery of foreclosure-prevention counseling. The NFCC appreciates Wells Fargo & Company for recognizing the continued need for nonprofit foreclosure-prevention counseling, and supporting it through this grant to the NFCC and its member agency network.  “Wells Fargo’s commitment to funding nonprofit […]



 EHLP Application Deadline Is Tomorrow

Tomorrow is the last day to qualify for up to $50,000 in mortgage assistance! If you are at least 90 days late on your mortgage payment you could qualify for the US Department of Housing and Urban Development (HUD)’s  Emergency Homeowners’ Loan Program (EHLP). You could receive a zero interest, forgivable bridge loan. Eligible homeowners […]



 Should I Stay Or Should I Go?

Back in 1981, a band known as The Clash recorded their only number-one hit, “Should I Stay or Should I Go?” Unfortunately, that is an all too familiar refrain among homeowners facing foreclosure. “Getting into the house of your dreams is just the first step. The long-term objective is staying there,” said Gail Cunningham, spokesperson […]



 Need EHLP With Your Mortgage?

Time is running out to qualify for up to $50,000 in mortgage assistance. If you are at least 90 days late on your mortgage payment you could qualify for the US Department of Housing and Urban Development (HUD)’s  Emergency Homeowners’ Loan Program (EHLP). You could receive a zero interest, forgivable bridge loan. Eligible homeowners must […]



 NFCC Launches Revamped and Retooled Online Counseling Request System

Even though the nation’s economic condition is slowly improving, many remain financially distressed and in need of legitimate help to resolve their situation. To better assist these consumers, the National Foundation for Credit Counseling (NFCC) revamped and retooled its online counseling request mechanism. The new system gets to the heart of the matter quickly and […]



 HUD Secretary Donovan testifies before Senate Banking Committee about HUD’s FY12 Budget Request

This morning Secretary Donovan testified before the Senate Banking Committee about HUD’s FY12 budget request. In both his testimony and during the Question and Answer portion of the hearing, Secretary Donovan strongly supported restoring funding for the Housing Counseling program. In his oral testimony, the Secretary referenced the cuts to the HUD Counseling Program by […]