Homeowners Facing Foreclosure
"1 out of every 200 homes will be foreclosed upon. For a city like Washington D.C., that translates to 3,000 Washingtonians losing their homes to foreclosure each year." - Mortgage Bankers Association
"Six in ten homeowners wish they understood the terms and details of their mortgage better. - Freddie Mac/Roper poll of 2,031 U.S. homeowners, conducted 2005
"One child in every classroom in America is at risk of losing his/her home because their parents are unable to pay their mortgage." - Mortgage Bankers Association
"More than six out of ten homewoners delinquent in their mortgage payments are not aware of services that mortgage lenders can offer to individuals having trouble with their mortgage." Freddie Mac/Roper poll
"Low and moderate income borrowers who enter a repayment plan are 68% less likely to lose their homes." - Dona Dezube, "Heroic Homewonership," Mortgage Banking (June 2006)
- Federal Deposit Insurance Corporation, More Info...