National Foreclosure Mitigation Counseling Program Helps More than 400,000

NeighborWorks America, the administrator of the Congressionally authorized National Foreclosure Mitigation Counseling (NFMC) program, announced today that through May 31, 2009 more than 405,000 homeowners have received foreclosure prevention counseling as a result of NFMC funding.

The report found that more than 90 percent of homeowners receiving counseling were still in their homes as of February 2009, although 18 percent of those families had a foreclosure process started. Six percent of families counseled had a foreclosure completed and another 3 percent had their mortgage paid off through a refinance, short-sale, or deed-in-lieu. Read more:

Press Release
Report Description [PDF, 56 KB]
Executive Summary [PDF 129 KB]
Full Report [PDF, 4.1 MB]

National NeighborWorks Week Engages Thousands in Volunteer Community Service

Approximately 170 NeighborWorks organizations hosted 340 events nationwide during National NeighborWorks Week, which was held from June 6-13, 2009. NeighborWorks Plants!, this year’s thematic event, attracted 100 NeighborWorks organizations to beautify their neighborhoods with trees, flowers and shrubs. By the end of the week, thousands of people from across the country had donated their time and labor to help make their communities better places to live, work and play. See pictures and stories of the volunteers at work.

New Fact Sheet Available in Four Languages

Did you know:

NeighborWorks America's tips on How to Avoid Foreclosure Rescue Scams are now available in four languages: Spanish, Chinese, Korean, and English.

To download the fact sheet, visit NeighborWorks America's web site (http://www.nw.org/) or click on the following links to download NeighborWorks' tips in the available languages.

How to Avoid Foreclosure Rescue Scams:

• Spanish
  
• Chinese


• Korean


• English

RUPCO Celebrates Five Years of Success

On Monday, June 8, Rural Ulster Preservation Company (RUPCO), a NeighborWorks organization based in Kingston, N.Y., marked their fifth anniversary and a myriad of accomplishments.

From co-founding a collaboration that has provided foreclosure prevention education to 1,300 New York residents to helping 33 homebuyers become first-time homeowners in 2008, RUPCO has so much to celebrate.

Watch the story from MidHudsonNews.com and learn more about this inspiring organization.

Congratulations to RUPCO on five years of success!

Podcast: Is Now a Good Time to Buy a Home for the First Time?

NeighborWorks America National Homeownership Programs Director Marietta Rodriguez discusses why now may be a good time to buy. She also advises homebuyers to avoid pitfalls during the homebuying process.

If you're having difficulty viewing the player below, go here.