Phones "Ringing Off The Hook" At Ohio Foreclosure Assistance Program

Stateline.org reports that at the Ohio Housing Finance Agency, which recently began an emergency foreclosure assistance program for Ohio homeowners:

• "[T]he phones have barely stopped ringing in the past three weeks. The number of calls doubled to 200 a day after the state launched a first-in-the-nation program April 2 to help homeowners whose once-affordable mortgage payments are now busting family bank accounts."

• "The Ohio program is designed to help strapped borrowers refinance their mortgages. The Ohio agency has a network of 185 lending partners in the state that will work to offer 30- or 20-year loans with “fixed” rates that won’t change. All borrowers are required to participate in one-on-one financial counseling as part of the Opportunity Loan Refinance Program."

For more, see Ohio tries to fend off foreclosures on home loans.

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