Struggling Homeowners Can Seek Help At D.C. Convention Center | WAMU 88.5 - American University Radio

: News

Struggling Homeowners Can Seek Help At D.C. Convention Center

Play associated audio
NACA's financial counselors will be available at the Washington Convention Center to help homeowners modify their mortgages.
http://www.flickr.com/respres/
NACA's financial counselors will be available at the Washington Convention Center to help homeowners modify their mortgages.

By Patrick Madden

This morning, hundreds, if not thousands, of struggling homeowners from around the region will be at the Washington Convention Center for a chance to lower their mortgage payments.

NACA or the Neighborhood Assistance Corporation of America is coming back to D.C.

This is a Boston-based non-profit that travels the country, setting up huge free events where financial counselors and distressed homeowners work together to help modify their mortgages.

“We have legally binding agreements with every major lender and major investors out there where they have to do it," says NACA CEO Bruce Marks. "Because while people are saving $500 a month, $1,000 month, that’s better than losing a $100,000 through foreclosure.”

NACA actually kicked off their Save the Dream tour from Washington in 2008. Now two years, and 19 cities later, the group is hosting their longest event ever.

For the next 8 days, the convention center will be open around the clock, 24 hours a day, as homeowners and counselors work together to find some relief.

NPR

Ruth Rendell Dies, Pioneered The Psychological Thriller

The British mystery writer was known for her Inspector Wexford series and in her later years became active in Labour Party politics. NPR's Petra Mayer has this remembrance.
NPR

'Bourbon Empire' Reveals The Smoke And Mirrors Of American Whiskey

A new book suggests that tall tales on craft bourbon labels are the rule rather than the exception. They're just one example of a slew of "carefully cultivated myths" created by the bourbon industry.
NPR

Site Using Candidate Carly Fiorina's Name Attacks Her Record At HP

The site, carlyfiorina.org, says the Republican presidential candidate laid off 30,000 people while she ran Hewlett-Packard. Fiorina does not deny the figure but says, overall, the firm created jobs.
NPR

People's Republic Of Uber: Making Friends, Chauffeuring People In China

Uber is becoming more popular in China, but many drivers say they don't do it for the money. They say they like the human connection and the freedom.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.