I Get To Keep My House

[Community Development Banking List]

Original message from: skemp@skcllc.net

I consider this list directly responsible for helping me keep my home. Your
excellent advice and explanations helped me understand what the bank was
saying. One wonderful list member in particular steered me to the
Federally-funded mortgage assistance program called PHASES. Today PHASES cut
me a check to pay the entire amount of back mortgage arrears. They
negotiated with my mortgage company and made sure I was in the information
loop at all times. There were some definite hoops to jump through and a lot
of paperwork to complete. I also had to make financial commitments to always
pay the mortgage on time, adhere to a budget and check in with them every
three months for the next year. If you know of anyone three months or less
behind on their mortgage please feel free to direct them to my off-list
email address and I'd be happy to give them the details of what they'll have
to do to apply. Also the website address is http://www.moneymanagement.org/ ('http://www.moneymanagement.org/')
In a time when so much is being written about the scams being perpetrated
against people desperate to keep their homes you are a credit to the
professions of banking and community development and proof that these two
terms are not an oxymoron.



http://www.skcllc.net ('http://www.skcllc.net') is the companion website to the Internet radio show
"How to Be Poor in America"

How to Be Poor In America (HTBPIA) Daily Blog

Next Show: Tuesday 10am-11:00am January 27th

Subject: Part 2: How Specific Local Nonprofit Organizations Can Help You

This show can be heard at www.live365.com/stations/12spiritualpowers

You can reach me at Susan Kemp - skemp@skcllc.net

[Community Development Banking List]

Original message from: April.Charney@jaxlegalaid.org

Did you get a life of loan history to determine if all the charges were
correct?

Did you get credit repair?

Did you get an agreement signed by an entity that has authority to sign
for whoever owns your loan?

Did you avoid a 1099?

Did you gain a current appraisal to make sure you are not underwater?

Did you gain access to a lawyer to evaluate your potential consumer
claims relating to the origination and servicing of your loan?

________________________________

From: bounce-3522627-9285219@list.cornell.edu
[mailto:bounce-3522627-9285219@list.cornell.edu] On Behalf Of SKemp
Sent: Friday, January 30, 2009 3:42 PM
To: communitydevelopmentbanking-l@cornell.edu
Subject: I Get To Keep My House



I consider this list directly responsible for helping me keep my home.
Your excellent advice and explanations helped me understand what the
bank was saying. One wonderful list member in particular steered me to
the Federally-funded mortgage assistance program called PHASES. Today
PHASES cut me a check to pay the entire amount of back mortgage arrears.
They negotiated with my mortgage company and made sure I was in the
information loop at all times. There were some definite hoops to jump
through and a lot of paperwork to complete. I also had to make financial
commitments to always pay the mortgage on time, adhere to a budget and
check in with them every three months for the next year. If you know of
anyone three months or less behind on their mortgage please feel free to
direct them to my off-list email address and I'd be happy to give them
the details of what they'll have to do to apply. Also the website
address is http://www.moneymanagement.org/ ('http://www.moneymanagement.org/') In a time when so much is
being written about the scams being perpetrated against people desperate
to keep their homes you are a credit to the professions of banking and
community development and proof that these two terms are not an
oxymoron.



http://www.skcllc.net ('http://www.skcllc.net') is the companion website to the Internet radio
show "How to Be Poor in America"

How to Be Poor In America (HTBPIA) Daily Blog

Next Show: Tuesday 10am-11:00am January 27th

Subject: Part 2: How Specific Local Nonprofit Organizations Can Help You


This show can be heard at www.live365.com/stations/12spiritualpowers

You can reach me at Susan Kemp - skemp@skcllc.net


CDB list instructions http://www.runonthebank.net/cdblist.htm ('http://www.runonthebank.net/cdblist.htm')

[Community Development Banking List]

Original message from: skemp@skcllc.net

Alan - back when I was out in the world (before retirement) a large part of
my work involved finding information for non-profit organizations as well as
individuals in need. It has really bothered me that Washington keeps talking
about money to help people in foreclosure without telling those same people
where to find it. So I went on a treasure hunt so to speak. Someone on this
list steered me to one of them but there are a large number of national
non-profits administering some of the bailout money as we speak. Below is
one of the press releases from MMI/PHASES website which stands for
"Preserving Homeownership and Savings Education Strategy (PHASES)" You've
probably heard of the other programs they work in conjunction with, HOPE and
Neighborhood Works. I started with my local Neighborhood Works program and
then moved to a lengthy conference call with HOPE. From there I provided
lots of paperwork, completed their application and took the online credit
counseling program which was actually pretty impressive. The $7,500 paid to
catch up my mortgage came at the end of a long work filled rainbow.
Regarding April's questions, remember I did not get a new mortgage but
received funding to catch up the existing mortgage. Anything the money
helped pay for like to reappraisal belongs to me since having to pay for it
is part of the final transaction. SK.



HSBC Provides Additional $1 Million Grant to Support Innovative
Financial Education and Home Preservation Initiative


HOUSTON (October 16, 2008) - Money Management International
<http://www.moneymanagement.org/> ('http://www.moneymanagement.org/>') (MMI), the nation's largest nonprofit
credit and debt counseling and education agency, today announced the
official launch of their foreclosure prevention program, which has grown
from a successful pilot program started in July 2007. With receipt of its
second $1 million grant from HSBC-North America
<http://www.hsbcusa.com/ourcompany> ('http://www.hsbcusa.com/ourcompany>') , MMI is able to expand its Preserving
<http://www.mmiphases.com/> ('http://www.mmiphases.com/>') Homeownership and Savings Education Strategy
(PHASES) program.

Utilizing the HSBC funds, the PHASES program provides grants for up to
$7,500-an increase from from $5,000 during the pilot phase-to qualified
homeowners who are striving to recover from a temporary financial setback.
As part of the program, the PHASES team provides one-on-one financial
counseling sessions to help keep families in their homes and effectively
manage their personal finances.

During the pilot phase of the program, MMI and HSBC helped hundreds of
homeowners become current on outstanding mortgage payments and have provided
vital financial planning skills to keep consumers on the road to financial
stability. The pilot program's success is evidenced by its receipt of the
NeighborWorks America's 2008 Innovations in Homeownership Contest
<http://www.nw5.org/contest/> ('http://www.nw5.org/contest/>') , for its innovative post-purchase strategy
for consumers.

"HSBC is delighted to continue this partnership with MMI to provide the
resources families need to keep their homes, and feel more confident about
their future path, " said Tom Detelich, president, Consumer and Mortgage
Lending for HSBC Finance Corporation. "We are committed to working with MMI
and other top national and local community organizations to provide
practical tools to help families make an immediate difference and help plan
for the future."

MMI President and CEO Ivan Hand added, "In its pilot phase, the MMI PHASES
program helped more than 200 consumers keep their homes and build stronger
financial futures. With HSBC's support, and the work of our housing
counselors, the program was a great success and we're glad to announce our
expanded support for American homeowners."

The PHASES program is currently available to homeowners in Arizona,
California, Connecticut, Florida, Illinois, Maryland, Massachusetts,
Michigan, Nevada, New Jersey, New York, Ohio, Pennsylvania, Texas, and
Virginia. To learn more about the MMI PHASES program, call 888-589-6959 or
visit www.MMIPHASES.com
<http://www.moneymanagement.org/PressRoom/www.MMIPHASES.com> ('http://www.moneymanagement.org/PressRoom/www.MMIPHASES.com>') .



<http://www.skcllc.net/> ('http://www.skcllc.net/>') http://www.skcllc.net ('http://www.skcllc.net') is the companion website to
the Internet radio show "How to Be Poor in America"
<http://howtobepoorinamerica.blogspot.com/> ('http://howtobepoorinamerica.blogspot.com/>') How to Be Poor In America
(HTBPIA) Daily Blog
Listen to "How To Be Poor In America" Tuesday February 10th at 10AM.
on Internet radio
<http://www.live365.com/stations/12spiritualpowers/schedule> ('http://www.live365.com/stations/12spiritualpowers/schedule>')
live365.com/stations/12spiritualpowers
The subject is: Learning to Live a "No Money" Life
You can reach me at Susan Kemp - skemp@skcllc.net



From: Alan Cameron [mailto:alan@idahocul.org]
Sent: Monday, February 02, 2009 1:57 PM
To: April Charney; SKemp; communitydevelopmentbanking-l@cornell.edu
Subject: RE: I Get To Keep My House



Susan,

All of the questions in the last post are good ones and should be seriously
considered before signing any mortgage documents. I looked on the websites
you mentioned in your post and cannot find any information relating to any
federally funded mortgage assistance program called "Phases". I know there
are a lot of programs out there, some of which keep a pretty low profile,
but I thought I was aware of most of them and had not heard of Phases so any
further information you can provide would be very helpful.



Alan D. Cameron

President/CEO

Idaho Credit Union League

2270 Vista Avenue

P.O. Box 5158

Boise, ID 83705

800-627-1820

208-343-4841

Fax: 208-343-4841

acameron@idahocul.org

[Community Development Banking List]

Original message from: alan@idahocul.org

Susan,

All of the questions in the last post are good ones and should be
seriously considered before signing any mortgage documents. I looked on
the websites you mentioned in your post and cannot find any information
relating to any federally funded mortgage assistance program called
"Phases". I know there are a lot of programs out there, some of which
keep a pretty low profile, but I thought I was aware of most of them and
had not heard of Phases so any further information you can provide would
be very helpful.



Alan D. Cameron

President/CEO

Idaho Credit Union League

2270 Vista Avenue

P.O. Box 5158

Boise, ID 83705

800-627-1820

208-343-4841

Fax: 208-343-4841

acameron@idahocul.org





________________________________

From: bounce-3526031-5852922@list.cornell.edu
[mailto:bounce-3526031-5852922@list.cornell.edu] On Behalf Of April
Charney
Sent: Friday, January 30, 2009 3:50 PM
To: SKemp; communitydevelopmentbanking-l@cornell.edu
Subject: RE: I Get To Keep My House



Did you get a life of loan history to determine if all the charges were
correct?



Did you get credit repair?



Did you get an agreement signed by an entity that has authority to sign
for whoever owns your loan?



Did you avoid a 1099?



Did you gain a current appraisal to make sure you are not underwater?



Did you gain access to a lawyer to evaluate your potential consumer
claims relating to the origination and servicing of your loan?



________________________________

From: bounce-3522627-9285219@list.cornell.edu
[mailto:bounce-3522627-9285219@list.cornell.edu] On Behalf Of SKemp
Sent: Friday, January 30, 2009 3:42 PM
To: communitydevelopmentbanking-l@cornell.edu
Subject: I Get To Keep My House

I consider this list directly responsible for helping me keep my home.
Your excellent advice and explanations helped me understand what the
bank was saying. One wonderful list member in particular steered me to
the Federally-funded mortgage assistance program called PHASES. Today
PHASES cut me a check to pay the entire amount of back mortgage arrears.
They negotiated with my mortgage company and made sure I was in the
information loop at all times. There were some definite hoops to jump
through and a lot of paperwork to complete. I also had to make financial
commitments to always pay the mortgage on time, adhere to a budget and
check in with them every three months for the next year. If you know of
anyone three months or less behind on their mortgage please feel free to
direct them to my off-list email address and I'd be happy to give them
the details of what they'll have to do to apply. Also the website
address is http://www.moneymanagement.org/ ('http://www.moneymanagement.org/') In a time when so much is
being written about the scams being perpetrated against people desperate
to keep their homes you are a credit to the professions of banking and
community development and proof that these two terms are not an
oxymoron.



http://www.skcllc.net ('http://www.skcllc.net') is the companion website to the Internet radio
show "How to Be Poor in America"

How to Be Poor In America (HTBPIA) Daily Blog

Next Show: Tuesday 10am-11:00am January 27th

Subject: Part 2: How Specific Local Nonprofit Organizations Can Help You


This show can be heard at www.live365.com/stations/12spiritualpowers

You can reach me at Susan Kemp - skemp@skcllc.net



CDB list instructions http://www.runonthebank.net/cdblist.htm ('http://www.runonthebank.net/cdblist.htm')



CDB list instructions http://www.runonthebank.net/cdblist.htm ('http://www.runonthebank.net/cdblist.htm')

[Community Development Banking List]

Original message from: rvaldez@bcloftexas.org

Is the funds a straight out grant or administered like a partial claim or
rescue loan fund?

I along with our local state task force was unaware of the PHASES program.
This is good information to provide to our foreclosure program participants.


Raquel Valdez

Director of Corporate Strategies

BCL of Texas

2212 S. Congress| Austin | TX | 78704

w 512.383.0025 | 888.385.1975 | f 512.912.9869

<mailto:rvaldez@bcloftexas.org> rvaldez@bcloftexas.org |
<http://www.bcloftexas.org/> ('http://www.bcloftexas.org/>') www.bcloftexas.org



About BCL of Texas

Established in 1990 as a statewide not-for-profit Certified Development
Corporation, BCL of Texas successfully promotes business and community
development and provides business capital and commercial real estate loans
throughout Texas. True to its mission to create jobs through business
development, BCL of Texas has helped to create jobs for more than 3,500
Texans. In addition to providing businesses with counseling and technical
assistance, BCL of Texas originates, underwrites, processes, closes and
services business loans to healthy, growing businesses. The organization
also offers homeownership program, helping customers remain responsible and
successful homeowners. BCL of Texas is a member of the nationwide
NeighborWorksR Network, which engages in revitalization strategies that
strengthen communities and transform lives. For more information go to
www.bcloftexas.org



P please consider the environment before printing this e-mail



From: bounce-3531245-9252943@list.cornell.edu
[mailto:bounce-3531245-9252943@list.cornell.edu] On Behalf Of SKemp
Sent: Monday, February 02, 2009 3:11 PM
To: communitydevelopmentbanking-l@cornell.edu
Subject: RE: I Get To Keep My House



Alan - back when I was out in the world (before retirement) a large part of
my work involved finding information for non-profit organizations as well as
individuals in need. It has really bothered me that Washington keeps talking
about money to help people in foreclosure without telling those same people
where to find it. So I went on a treasure hunt so to speak. Someone on this
list steered me to one of them but there are a large number of national
non-profits administering some of the bailout money as we speak. Below is
one of the press releases from MMI/PHASES website which stands for
"Preserving Homeownership and Savings Education Strategy (PHASES)" You've
probably heard of the other programs they work in conjunction with, HOPE and
Neighborhood Works. I started with my local Neighborhood Works program and
then moved to a lengthy conference call with HOPE. From there I provided
lots of paperwork, completed their application and took the online credit
counseling program which was actually pretty impressive. The $7,500 paid to
catch up my mortgage came at the end of a long work filled rainbow.
Regarding April's questions, remember I did not get a new mortgage but
received funding to catch up the existing mortgage. Anything the money
helped pay for like to reappraisal belongs to me since having to pay for it
is part of the final transaction. SK.



HSBC Provides Additional $1 Million Grant to Support Innovative
Financial Education and Home Preservation Initiative


HOUSTON (October 16, 2008) - Money Management
<http://www.moneymanagement.org/> ('http://www.moneymanagement.org/>') International (MMI), the nation's largest
nonprofit credit and debt counseling and education agency, today announced
the official launch of their foreclosure prevention program, which has grown
from a successful pilot program started in July 2007. With receipt of its
second $1 million grant from HSBC-North America
<http://www.hsbcusa.com/ourcompany> ('http://www.hsbcusa.com/ourcompany>') , MMI is able to expand its Preserving
<http://www.mmiphases.com/> ('http://www.mmiphases.com/>') Homeownership and Savings Education Strategy
(PHASES) program.

Utilizing the HSBC funds, the PHASES program provides grants for up to
$7,500-an increase from from $5,000 during the pilot phase-to qualified
homeowners who are striving to recover from a temporary financial setback.
As part of the program, the PHASES team provides one-on-one financial
counseling sessions to help keep families in their homes and effectively
manage their personal finances.

During the pilot phase of the program, MMI and HSBC helped hundreds of
homeowners become current on outstanding mortgage payments and have provided
vital financial planning skills to keep consumers on the road to financial
stability. The pilot program's success is evidenced by its receipt of the
NeighborWorks America's 2008 Innovations in Homeownership Contest
<http://www.nw5.org/contest/> ('http://www.nw5.org/contest/>') , for its innovative post-purchase strategy
for consumers.

"HSBC is delighted to continue this partnership with MMI to provide the
resources families need to keep their homes, and feel more confident about
their future path, " said Tom Detelich, president, Consumer and Mortgage
Lending for HSBC Finance Corporation. "We are committed to working with MMI
and other top national and local community organizations to provide
practical tools to help families make an immediate difference and help plan
for the future."

MMI President and CEO Ivan Hand added, "In its pilot phase, the MMI PHASES
program helped more than 200 consumers keep their homes and build stronger
financial futures. With HSBC's support, and the work of our housing
counselors, the program was a great success and we're glad to announce our
expanded support for American homeowners."

The PHASES program is currently available to homeowners in Arizona,
California, Connecticut, Florida, Illinois, Maryland, Massachusetts,
Michigan, Nevada, New Jersey, New York, Ohio, Pennsylvania, Texas, and
Virginia. To learn more about the MMI PHASES program, call 888-589-6959 or
visit <http://www.moneymanagement.org/PressRoom/www.MMIPHASES.com> ('http://www.moneymanagement.org/PressRoom/www.MMIPHASES.com>')
MailScanner has detected a possible fraud attempt from
"www.moneymanagement.org" claiming to be www.MMIPHASES.com.



http://www.skcllc.net ('http://www.skcllc.net') <http://www.skcllc.net/> ('http://www.skcllc.net/>') is the companion website to
the Internet radio show "How to Be Poor in America"
<http://howtobepoorinamerica.blogspot.com/> ('http://howtobepoorinamerica.blogspot.com/>') How to Be Poor In America
(HTBPIA) Daily Blog
Listen to "How To Be Poor In America" Tuesday February 10th at 10AM.
on Internet radio
<http://www.live365.com/stations/12spiritualpowers/schedule> ('http://www.live365.com/stations/12spiritualpowers/schedule>')
live365.com/stations/12spiritualpowers
The subject is: Learning to Live a "No Money" Life
You can reach me at Susan Kemp - skemp@skcllc.net



From: Alan Cameron [mailto:alan@idahocul.org]
Sent: Monday, February 02, 2009 1:57 PM
To: April Charney; SKemp; communitydevelopmentbanking-l@cornell.edu
Subject: RE: I Get To Keep My House



Susan,

All of the questions in the last post are good ones and should be seriously
considered before signing any mortgage documents. I looked on the websites
you mentioned in your post and cannot find any information relating to any
federally funded mortgage assistance program called "Phases". I know there
are a lot of programs out there, some of which keep a pretty low profile,
but I thought I was aware of most of them and had not heard of Phases so any
further information you can provide would be very helpful.



Alan D. Cameron

President/CEO

Idaho Credit Union League

2270 Vista Avenue

P.O. Box 5158

Boise, ID 83705

800-627-1820

208-343-4841

Fax: 208-343-4841

acameron@idahocul.org







CDB list instructions http://www.runonthebank.net/cdblist.htm ('http://www.runonthebank.net/cdblist.htm')

[Community Development Banking List]

Original message from: skemp@skcllc.net

It's a straight out grant. I had to agree to keep the mortgage payments
current, take their online finance training and check in quarterly about how
things are going for us financially. In our case we're saving a small amount
of money each month to prove to PHASES that we're serious about getting back
on our feet. The toughest part of obtaining the foreclosure grant is meeting
the required debt to income ratio. We had to show, through submitting our
financial documents, that we have reached the point where our income was
larger than our debts. It makes sense if you consider it. I recently read
that the principal problem with foreclosure programs is that, without
refinancing and thereby lowering the amount of the monthly mortgage payment,
without at least a little discretionary income people still couldn't meet
the original mortgage payment that got them in trouble in the first place.
The bottom line is that when you get into financial trouble what you really
need is plain old cash and after 25+ years in the grant world it's a pretty
rare program that offers that. I guess it's a sign of the times that cash
programs are finally popping up.

My last HTBPIA radio show is this coming Tuesday. After that there'll only
be the webpage. My health is catching up with me again;



<http://www.skcllc.net/> ('http://www.skcllc.net/>') http://www.skcllc.net ('http://www.skcllc.net') is the companion website to
the Internet radio show "How to Be Poor in America"
<http://howtobepoorinamerica.blogspot.com/> ('http://howtobepoorinamerica.blogspot.com/>') How to Be Poor In America
(HTBPIA) Daily Blog
Listen to "How To Be Poor In America" Tuesday February 10th at 10AM.
on Internet radio
<http://www.live365.com/stations/12spiritualpowers/schedule> ('http://www.live365.com/stations/12spiritualpowers/schedule>')
live365.com/stations/12spiritualpowers
The subject is: Learning to Live a "No Money" Lifeddddd
You can reach me at Susan Kemp - skemp@skcllc.net

[Community Development Banking List]

Original message from: skemp@skcllc.net

This particular program is not designed for that but other programs such as
NeighborWorks are. It's an either or thing. Either a mandated non-profit can
negotiate with your mortgage company for a lower interest rate or you can
apply for a grant to catch up your back mortgage payments. We knew we could
handle the payments if only we could get caught up. Again, one of the
problems becomes that you're credit has most likely been destroyed because
you fell behind on everything. You need at least a little bit of decent
credit to get a refinance. NeighborWorks was willing to negotiate on our
behalf with HSBC but we wanted that to be a last resort. Hope this makes
sense. I think the best advice I can give is recognizing that every
situation is going to be unique. We might have made different decisions if
we'd had young children or we might have made different decisions if I
wasn't due to get my pension started or if my disability application hadn't
been approved. The most important thing, IMHO, is that there are options
available to the public that they are currently unaware of. With a listserv
the size of this one I suspect the public won't be unaware for long.



<http://www.skcllc.net/> ('http://www.skcllc.net/>') http://www.skcllc.net ('http://www.skcllc.net') is the companion website to
the Internet radio show "How to Be Poor in America"
<http://howtobepoorinamerica.blogspot.com/> ('http://howtobepoorinamerica.blogspot.com/>') How to Be Poor In America
(HTBPIA) Daily Blog
Listen to "How To Be Poor In America" Tuesday February 10th at 10AM.
on Internet radio
<http://www.live365.com/stations/12spiritualpowers/schedule> ('http://www.live365.com/stations/12spiritualpowers/schedule>')
live365.com/stations/12spiritualpowers
The subject is: Learning to Live a "No Money" Life
You can reach me at Susan Kemp - skemp@skcllc.net



From: April Charney [mailto:April.Charney@jaxlegalaid.org]
Sent: Wednesday, February 04, 2009 5:47 PM
To: SKemp; Raquel Valdez; communitydevelopmentbanking-l@cornell.edu
Subject: RE: I Get To Keep My House



Why no principal balance and/or interest rate reduction?

[Community Development Banking List]

Original message from: skemp@skcllc.net

Sorry for the confusion. HSBC put in a million dollars for the program but
PHASES began with a large Federal grant I believe. It doesn't matter who the
applicant's lender is. Check out this news release. It's very specific about
funding streams and would be useful to forward to your political
representative. Their actual website address is
http://www.moneymanagement.org ('http://www.moneymanagement.org')




For more information contact:
Jordan Gibennus
Pierpont Communications
713-627-2223 x 1153
jgibennus@piercom.com


Release Date: October 16, 2008




HSBC Provides Additional $1 Million Grant to Support Innovative
Financial Education and Home Preservation Initiative



HOUSTON (October 16, 2008) - Money Management
<http://www.moneymanagement.org/> ('http://www.moneymanagement.org/>') International (MMI), the nation's largest
nonprofit credit and debt counseling and education agency, today announced
the official launch of their foreclosure prevention program, which has grown
from a successful pilot program started in July 2007. With receipt of its
second $1 million grant from HSBC-North <http://www.hsbcusa.com/ourcompany> ('http://www.hsbcusa.com/ourcompany>')
America, MMI is able to expand its Preserving Homeownership and Savings
Education Strategy (PHASES) <http://www.mmiphases.com/> ('http://www.mmiphases.com/>') program.

Utilizing the HSBC funds, the PHASES program provides grants for up to
$7,500-an increase from from $5,000 during the pilot phase-to qualified
homeowners who are striving to recover from a temporary financial setback.
As part of the program, the PHASES team provides one-on-one financial
counseling sessions to help keep families in their homes and effectively
manage their personal finances.

During the pilot phase of the program, MMI and HSBC helped hundreds of
homeowners become current on outstanding mortgage payments and have provided
vital financial planning skills to keep consumers on the road to financial
stability. The pilot program's success is evidenced by its receipt of the
NeighborWorks America's 2008 Innovations in Homeownership Contest
<http://www.nw5.org/contest/> ('http://www.nw5.org/contest/>') , for its innovative post-purchase strategy
for consumers.

"HSBC is delighted to continue this partnership with MMI to provide the
resources families need to keep their homes, and feel more confident about
their future path, " said Tom Detelich, president, Consumer and Mortgage
Lending for HSBC Finance Corporation. "We are committed to working with MMI
and other top national and local community organizations to provide
practical tools to help families make an immediate difference and help plan
for the future."

MMI President and CEO Ivan Hand added, "In its pilot phase, the MMI PHASES
program helped more than 200 consumers keep their homes and build stronger
financial futures. With HSBC's support, and the work of our housing
counselors, the program was a great success and we're glad to announce our
expanded support for American homeowners."

The PHASES program is currently available to homeowners in Arizona,
California, Connecticut, Florida, Illinois, Maryland, Massachusetts,
Michigan, Nevada, New Jersey, New York, Ohio, Pennsylvania, Texas, and
Virginia. To learn more about the MMI PHASES program, call 888-589-6959 or
visit www.MMIPHASES.com
<http://www.moneymanagement.org/PressRoom/www.MMIPHASES.com> ('http://www.moneymanagement.org/PressRoom/www.MMIPHASES.com>') .



About Money Management International
Money Management International (MMI) is a national HUD <http://www.hud.gov/> ('http://www.hud.gov/>')
-approved housing counseling agency and nonprofit credit and debt counseling
firm. MMI has been helping consumers trim their expenses, develop a spending
plan, and repay debts since 1958. Counseling is available by appointment in
branch offices and 24/7 by telephone and Internet. Services are available in
English or Spanish.


About HSBC North America Holdings Inc.
HSBC - North America comprises all of HSBC's U.S. and Canadian businesses,
including the former Household International businesses. The company's
businesses serve nearly 60 million customers in five key areas: personal
financial services, consumer finance, commercial banking, private banking
and corporate investment banking and markets. Financial products and
services are offered under the HSBC, HFC, and Beneficial brands.





<http://www.skcllc.net/> ('http://www.skcllc.net/>') http://www.skcllc.net ('http://www.skcllc.net') is the companion website to
the Internet radio show "How to Be Poor in America"
<http://howtobepoorinamerica.blogspot.com/> ('http://howtobepoorinamerica.blogspot.com/>') How to Be Poor In America
(HTBPIA) Daily Blog
Listen to "How To Be Poor In America" Tuesday February 10th at 10AM.
on Internet radio
<http://www.live365.com/stations/12spiritualpowers/schedule> ('http://www.live365.com/stations/12spiritualpowers/schedule>')
live365.com/stations/12spiritualpowers
The subject is: Learning to Live a "No Money" Life
You can reach me at Susan Kemp - skemp@skcllc.net



From: Farrah Perry [mailto:fperry@penquis.org]
Sent: Thursday, February 05, 2009 8:43 AM
To: SKemp; April Charney; Raquel Valdez;
communitydevelopmentbanking-l@cornell.edu
Subject: RE: I Get To Keep My House



Is this available to individuals with mortgages from HSBC only or to
individuals with mortgages from any lender? I understand the grant comes
from HSBC and you mentioned your mortgage was with HSBC so I wanted to
clarify who this is available to, as we pursue our state representatives to
get this program brought to our state.



Thank you!

Farrah