More Than One Million Homeowners Counseled by National Foreclosure Mitigation Counseling Program

Today NeighborWorks America announced that more than 1,000,000 homeowners facing foreclosure have received much-needed counseling thanks to the Congressionally-funded National Foreclosure Mitigation Counseling (NFMC) Program.

At a time when foreclosures continue to significantly affect the housing market and the national unemployment rate hovers around 9 percent, foreclosure intervention counseling provided by NFMC Program-funded nonprofit housing counseling organizations is helping homeowners across the country find a solution to foreclosure and receive indispensable information and guidance.

“While more than 1,000,000 homeowners have received foreclosure intervention counseling thanks to the foresight of Congress (especially the Transportation, Housing and Urban Development (THUD) appropriations subcommittees) and the hard work of more than 1,700 NFMC-funded counseling organizations, an additional 4 million homeowners are expected to face foreclosure in 2010. We continue to reach out to all homeowners who may face foreclosure to make them aware that foreclosure intervention counseling is available and offered for free at NFMC-funded counseling organizations across the country,” said Ken Wade, CEO of NeighborWorks America.

Much more on this important announcement can be found in the NeighborWorks newsroom.