Money Management International - Housing Counseling

Housing Counseling

MMI is a HUD-approved housing counseling and education service provider. Its counselors educate consumers about buying, financing, maintaining, and protecting their largest asset – their home. Counseling sessions and workshops on foreclosure prevention, reverse mortgage counseling, pre/post purchase counseling, home search and selection and first-time home buying are available for free to all consumers.

MMI also partners with the Homeownership Preservation Foundation and eight other nonprofit credit counseling agencies to provide free, 24/7 housing counseling via the HopeLine program (1-888-495-HOPE). The HopeLine helps people avoid foreclosure through education, counseling and free resources. In 2008 alone, MMI recommended approximately 40,000 proposals for loan modifications in lieu of foreclosure filings.

With a $16 million grant from NeighborWorks America - the largest grant amount awarded to a housing counseling agency working to support the Housing and Economic Recovery Act of 2008 - MMI offers free counseling to families at risk of losing their homes through the National Foreclosure Mitigation Counseling Program. This program is designed to help consumers understand the complex foreclosure process, review their options and identify a possible course of action, and make informed decisions. and

MMI’s Preserving Homeownership and Savings Education Strategy (PHASES) program is made possible through grant funds totaling $2 million from HSBC-North America ($1 million given in 2007 and a second $1 million grant given in 2009). This program is available to homeowners in select states and provides qualified applicants with grants to pay past due mortgage payments and other outstanding debts. The program also provides one-on-one financial counseling sessions to help ensure future financial success to keep families in their homes. In 2008, MMI awarded grants of more than $950,000 and helped over 1,700 families remain in their homes. and