Fannie Mae Launches "Know Your Options" Foreclosure Prevention Program

saint-louis-real-estate-dennis-normanFannie Mae has launched a new foreclosure prevention program called “Know your Options” that has been in development for about a year and has, as it’s top priority, “helping homeowners avoid foreclosure”.  The program includes working with and training 18 of it’s largest loan servicers as well as launching a website for consumers,, which contains educational tools and resources for homeowners that may be facing foreclosure and opening 12 “Mortgage Help Centers” in the areas hardest hit by the housing crisis.

FDIC Launches Foreclosure Prevention Initiative

FDIC Federal Deposit Insurance CorporationThe Federal Deposit Insurance Corporation (FDIC) is launching an initiative to help consumers and the banking industry avoid unnecessary foreclosures and stop foreclosure “rescue” scams that promise false hope to consumers at risk of losing their homes.

This initiative includes outreach, referral services, and an information tool kit. Arming consumers with information will heighten consumers’ awareness of foreclosure “rescue” scams and give them more confidence in knowing they are working with legitimate counselors and servicers to obtain a loan modification that could help them avoid foreclosure. Continue reading “FDIC Launches Foreclosure Prevention Initiative