Foreclosure Prevention
The most comprehensive response to the nation's foreclosure crisis is available at
Making Home Affordable, President Obama’s plan to help up to 9 million American families refinance or modify their loans to a payment that is affordable now and into the future.
Additional resources, including the Bank's programs that facilitate homeownership preservation for eligible low- and moderate-income homeowners at risk of foreclosure, are listed below.
Bank Resources
Homeownership Preservation Subsidy: Grants that member financial institutions can use to restructure or refinance mortgage loans for eligible low- and moderate-income homeowners at risk of foreclosure.
Homeownership Preservation Advance: Credit that may be used to provide funds to modify or refinance mortgage loans for low- and moderate-income homeowners who may be at risk of losing their primary residence because of delinquency or default on their mortgage loan.
National Resources
FDIC Foreclosure Prevention Resources: Information that may be helpful to consumers, financial institutions, and the community groups working with them on foreclosure-related issues.
Federal Reserve Board (FRB) Foreclosure Resources: Links to FRB foreclosure resource centers, resources for consumers, and resources for stabilizing communities.
Homeownership Preservation Foundation: Free online and phone counseling sessions for homeowners facing foreclosure.
HUD's Guide to Avoiding Foreclosure: Information on housing counselors, lenders, local resources in each state, the foreclosure process and its alternatives, and refinancing options.
State Resources
Arizona
Foreclosure Help-Line: Free counseling service for homeowners behind on their mortgage payments or facing foreclosure.
Consumer Credit Counseling Services: Assistance with housing issues, including foreclosure prevention counseling and education.
HUD-Approved Housing Counseling Agencies: Agencies approved by HUD that offer guidance on housing, including foreclosure prevention.
California
Consumer Credit Counseling Service: Assistance with housing issues, including foreclosure prevention counseling and education.
Consumer Home Mortgage Information: Guide to mortgage resources, including upcoming foreclosure prevention workshops and information on where to get help with an existing mortgage.
Foreclosure Information: Answers to questions on mortgages and loans, foreclosure avoidance, and renters and foreclosure.
HUD-Approved Housing Counseling Agencies: Agencies approved by HUD that offer guidance on housing, including foreclosure prevention.
Nevada
Foreclosure Resources: Information to assist homeowners in finding help to prevent foreclosure.
HUD-Approved Housing Counseling Agencies: Agencies approved by HUD that offer guidance on housing, including foreclosure prevention.
Last Modified: September 2009
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