More than Half of Families Facing Foreclosure Affected by Job Loss, According to New NeighborWorks America Report

Washington, D.C – May 28, 2010 – (RealEstateRama) — Today NeighborWorks America, the administrator of the National Foreclosure Mitigation Counseling (NFMC) Program, announced that 58 percent of homeowners who received foreclosure counseling through the NFMC Program reported the primary reason they were facing foreclosure was reduced or lost income. The news is found in NeighborWorks’ fifth Congressional report, which outlines NFMC Program activity through January 31, 2010.