Hope Now, a consortium of mortgage firms and nonprofits focused on foreclosure prevention, brought several major servicers together to aid 132 military and civilian government employees facing furlough from sequestration.
Hope Now brought the servicers to Joint Base Lewis-McChord in Tacoma, Wash., to discuss the families finances while allowing them to work directly with lenders and housing counselors.
Some of the options offered included credit card consolidation, mortgage refinancing and loan modifications as well as overall debt management.
On-site representatives also included various housing agencies, including Fannie Mae, Consumer Credit Counseling, Harborstone Credit Union, American Financial Solutions and the Veterans Administration.
"We are pleased that Joint Base Lewis-McChord once again asked us to participate in an event that benefits all government employees associated with the base, who are at-risk in the current economy. When we were here in September, our primary focus was military homeowners affected by Permanent Change of Station issues," said Eric Selk, executive director of Hope Now.
He added, "The affects of sequestration will affect thousands more families. We are pleased that 132 families were able to receive face to face assistance."