Arizona has been hit hard by the housing crisis. Families have another place to turn to for help now that Freddie Mac has opened Borrower Help Centers in Phoenix Arizona. The centers are designed to provide homeowners with free advice and mortgage counseling. Professionals at the locations will guide people through the process of how to get mortgage help, including loan modifications, fee waivers, refinancings, and other forms of assistance. The aid is primarily targeted to Freddie Mac borrowers and other loans that they are servicing.
The centers are currently located at:
Freddie Mac is also partnering with other local non-profit organizations and agencies in order to assist as many people as possible. Some of the other groups that are participating in the Borrower Help Center and Borrower Help Network include the National Council of La Raza (NCLR), National Urban League, HomeFree-USA, local Neighborhood Housing Services in Phoenix.
The Borrower Help Centers will bring to the table many resources and options for homeowners. They will connect borrowers with their mortgage servicers and lenders so that they can apply for and receive a mortgage modification or other foreclosure alternative. They will work with state and federal government agencies, and direct people to government mortgage assistance programs.
To date, Freddie Mac has helped hundreds of thousands of borrowers avoid foreclosure through the numerous programs they offer, including forbearance, loan modifications, repayment plans and other loan workouts. They also offer the government’s programs, including loan modifications under Making Home Affordable Program. On location counselors will also provide one-on-one guidance and support to help borrowers apply for loan modifications, they will supply them with missing information or documents needed to move an application forward, and they will do everything they can to help struggling borrowers.
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