Spanish Resource Center Launched

SILVER SPRING, Md. - The National Foundation for Credit Counseling (NFCC) has launched a Spanish-language version of its Homeowner Crisis Resource Center at www.nopierdastuhogar.org. (The English-language site can be found at www.HousingHelpNow.org.

"The number of foreclosed homes in the first six months of 2007 surged by 58%, putting approximately 573,000 homes at risk," the NFCC said. "And there may be more bad news ahead because another two-million mortgages will reset over the next 18 months. Additionally, the NFCC's 2007 financial literacy consumer survey revealed that 15% of Latinos do not know the interest rate on their mortgage. Nearly half of all Latino respondents to the survey indicated a desire to improve their financial literacy."

Spanish-speakers will find at the Nopierdastuhogar.org site:

* Direct access to certified Spanish-speaking counselors through either a toll-free hotline (800) 682-9832, or an online locator.

* A self-diagnostic tool called the Mortgage Reality Check designed to help homeowners assess their situation and provide steps if it shows that they may be at risk.

* An abundance of homeowner information and financial tools. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com