New foreclosure prevention guide released

The National Black Church Initiative (NBCI), along with the Mortgage Bankers Association (MBA), Fannie Mae and 13 historic African-American denominations, have created a helpful guide to assist families while they are going through foreclosure and to help others avoid it altogether.

The booklet is designed to provide homeowners with information on how to keep their home. The booklet consists of a list of government-based agencies and private lenders that can assist at-risk borrowers. The guide will also help them identify resources in the housing industry that have been created for the explicit purpose of assisting struggling homeowners. The booklet contains Web sites, phone numbers, and lists of individuals and institutions that can help borrowers navigate through their housing issues.

The NBCI, based in Washington, D.C., is a faith-based health organization dedicated to eradicating racial disparities in healthcare. For more information, call (202) 628-7700.

The MBA, based in Washington, D.C., is a national trade association that represents the real estate finance industry. For more information, call (202) 557-2700 or visit www.mbaa.org.

Fannie Mae is a government-sponsored enterprise based in Washington, D.C. For more information, call (202) 752-7000 or visit www.fanniemae.com.