U.S. Department of Housing and Urban Development approved counselors, 13 mortgage lenders, and Fannie Mae and Freddie Mac provided one-on-one services to 765 homeowners at the Saving Homes, Foreclosure Prevention Day sponsored by the Obama Administration and Congresswoman Eleanor Holmes Norton (D-DC). Norton said, "It was clear that Saturday's Foreclosure Prevention Day served a crying need in this town. With the loan modification rate in D.C. at less than two percent, we have begun to make sure that the Making Homes Affordable program lives up to its promise by helping hundreds of people receive loan adjustments." Paula McMillan, a Ward 5 resident, said she saw Norton's public service announcement (PSA) on TV about the free event after receiving calls from two different people saying they could help modify her home loan, one for a fee of $2,500 and the other for $3,000. After watching Norton's PSA, McMillan called her bank to put a stop payment on her checks ...
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