MMI Selected to Qualify Homeowners for the EHLP Program

HOUSTON, June 29, 2011 /PRNewswire/ -- 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). The EHLP, announced by the U.S. Department of Housing and Urban Development (HUD), was implemented as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The program will provide $1 billion to assist up to 30 thousand homeowners in 27 states and Puerto Rico.

To view the multimedia assets associated with this release, please click: http://multivu.prnewswire.com/mnr/mmi/47067/

(Photo: http://photos.prnewswire.com/prnh/20110629/MM27875 )

MMI is currently accepting the pre-applicant screening worksheet required by HUD. The financial educators at MMI are trained in helping clients find solutions for delinquent mortgages, alternative options to foreclosure, and create a plan to maintain their dream of successful homeownership.

"There are so many homeowners still at risk of losing their homes," said Kim McGrigg, community manager for MMI.  "We are excited to be one of the organizations chosen to help families take advantage of this wonderful opportunity."  

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.  Acting fast is vital; the deadline for submission is July 22, 2011.

Qualification for EHLP assistance is a three-step process that includes pre-screening, selection, and application phases.

Call MMI at 877-329-2502 for information and assistance with the qualification process, or go online at 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 helps consumers trim their expenses, develop a spending plan and repay debts. 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.

Let's keep in touch!

Visit us on the Web at MoneyManagement.org                                        
Become a fan of MMI on Facebook                                                          
Follow MMI on Twitter                                                                              

Contact:

Tanisha Warner
Media Relations
713.394.3202
[email protected]

SOURCE Money Management International