LAS VEGAS, Oct. 26, 2011 /PRNewswire-USNewswire/ -- More than 180 families attended a Foreclosure Prevention Workshop and homebuyers seminar hosted by the Federal Home Loan Bank of San Francisco (FHLBank San Francisco), with 127 families receiving private counseling. Rep. Shelley Berkley (NV-1) was a special guest at the event, which was held on Saturday, October 22.
Participants included FHLBank San Francisco, Chase Bank, Wells Fargo Home Mortgage, Bank of America and the US Department of Housing and Urban Development. Housing counselors advised homeowners on how to prevent foreclosures.
"No state has been hit harder by the foreclosure crisis than Nevada and it is critical that families have accurate information and expert guidance on their options," Rep. Berkley said. "I was honored to have the opportunity to speak with all those assembled for the workshop and to meet with Nevadans who are struggling with their own foreclosure issues. I am also hopeful that all those who attended this event were able to find the assistance they need and grateful for all those who volunteered their time and skills as part of the FHLBank San Francisco's free effort to help our fellow Nevadans struggling with the foreclosure crisis."
Dwight Alexander, Vice President of Legislative and Regulatory Affairs at FHLBank San Francisco, said the event gave many homeowners the opportunity to meet directly with their lenders and potentially work out arrangements that would prevent foreclosures. "Often foreclosures can be avoided by opening the lines of communication with the lender and working out a modification plan. It's critical that homeowners are aware of the options that are available to them."
The Federal Home Loan Bank of San Francisco
The Federal Home Loan Bank of San Francisco delivers low-cost funding and other services that help member financial institutions make home mortgages to people of all income levels and provide credit that supports neighborhoods and communities. The Bank also funds community investment programs that help members create affordable housing and promote community economic development. The Bank's members—its shareholders and customers—are headquartered in Arizona, California, and Nevada. Members may include federally insured depositories—commercial banks, credit unions, industrial loan companies, and savings institutions—as well as insurance companies and community development financial institutions, including privately insured, state-chartered credit unions.
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SOURCE Federal Home Loan Bank of San Francisco