MMI Selected to Qualify Homeowners for EHLP

HOUSTON, July 7, 2011 /PRNewswire-USNewswire/ -- The following is being released by Money Management International.

Who: Money Management International (MMI), the nation's largest nonprofit, full-service credit counseling agency, has been approved to assist struggling homeowners in applying for the Emergency Homeowners' Loan Program (EHLP).

What: The 2010 Financial Reform Bill (Dodd-Frank Wall Street Reform and Consumer Protection Act) provided $1 billion to the U.S. Department of Housing and Urban Development (HUD) to develop EHLP. Through this program, applicants who have experienced a drop in income of at least 15 percent due to economic hardships caused by unemployment, underemployment, or a medical condition, may receive a zero interest forgivable loan that pays past due mortgage payments, including missed payments and late charges, up to a maximum of $50,000.   

WHEN: The deadline to apply for assistance is July 22, 2010.

WHERE: Call MMI at 877.329.2502 for information and assistance with the qualification process, or go online at www.Get-EHLP.org.

About Money Management International

Money Management International (MMI) is a nonprofit, full-service credit-counseling agency, providing confidential financial guidance, financial education, counseling and debt management assistance to consumers since 1958. MMI's counselors are both HUD certified to deliver housing counseling services, including delinquency mortgage counseling, and approved by the EOUST to deliver bankruptcy counseling and education. Counseling is available by appointment in branch offices and 24/7 by telephone and Internet. Services are available in English or Spanish. To learn more, call 800.432.7310 or visit www.MoneyManagement.org.

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Contact:

Tanisha Warner

Media Relations

713.394.3202

[email protected]

SOURCE Money Management International