National Foreclosure Mitigation Counseling Program Helps Homeowners Save More Than $6,000 Annually

Washington, D.C. – December 20, 2010 – (RealEstateRama) — Today NeighborWorks America, the Congressionally appointed administrator of the National Foreclosure Mitigation Counseling (NFMC) Program, announced that, based on a new report that analyzed the NFMC program through December 2009, the odds of curing a foreclosure, and potentially avoiding losing a home, is 1.7 times larger for a homeowner who works with an NFMC counselor than for a homeowner who doesn’t receive such counseling