| November 13, 2009

Federal program continues to offer debt help for homeowners

A government program designed to find people debt help for their mortgages is making further strides, according to a recent report from the U.S. Treasury.

Through October, the Making Home Affordable program has guided more than 650,000 people facing foreclosure into a modified home loan. In September, that number was at almost 500,000, as the government continues on it mission to help between 3 million and 4 million homeowners who have foreclosure looming over their heads.

“As this report demonstrates, struggling homeowners in every state now benefit from reduced monthly mortgage payments and have an opportunity to stay in their homes,” Treasury Assistant Secretary Michael S. Barr said.

Recently, a report from RealtyTrack showed that the number of foreclosure notices dropped by 3 percent in October when compared to September, though they are still up by 19 percent when compared to last year. The states with the highest rate of foreclosure are Nevada, California, Illinois and Michigan.

The report from the Treasury shows that those four states have seen some of the highest numbers for home loan modifications. For example, Nevada has seen 17,566 home loan modifications, while California has had 134,609, which is the highest total for any state.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

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Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

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Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

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