Washington, D.C.—Fannie Mae opened an extension of its Los Angeles Mortgage Help Center in the Inland Empire region to provide free education and counseling services to struggling California homeowners. The Inland Empire facility, in partnership with the existing Los Angeles Help Center, is part of Fannie Mae’s nationwide effort to educate families about the options and tools available to help them stay in their homes or otherwise avoid foreclosure. The satellite facility was developed in partnership with Neighborhood Partnership Housing Services Inc., a NeighborWorks Organization.
The Los Angeles Mortgage Help Center has assisted 2,320 homeowners since opening in November of 2010. More than sixty percent of those who have been helped have received a workout that allowed them to remain in their homes. Others have been able to avoid foreclosure through a graceful exit, such as a deed-in-lieu of foreclosure or a short sale. At the Inland Empire facility, borrowers can meet directly with dedicated on-site English- and Spanish-speaking housing counselors to discuss their mortgage situation. These face-to-face meetings will help borrowers better understand the range of foreclosure prevention options available and advise them on how to resolve their mortgage situation.