Foreclosure Prevention Consortium Formed in Mississippi

By: The Associated Press
By: The Associated Press

Mississippi Attorney General Jim Hood says
his office has created the Mississippi Foreclosure Prevention Consortium to assist struggling homeowners.

The A.g.'s office says the consortium was created through funding from the national mortgage settlement with the nation's five largest mortgage providers in the wake of the housing crisis.

Mississippi received about $13.5 million to prevent foreclosures and financial fraud. About $5.8 million was allocated to create the consortium and the remaining $7.7 million was sent to the state's
general fund.

The consortium includes Money Management International, Mississippi Home Corporation, Mississippi Center for Justice, Mississippi Center for Legal Services, North Mississippi Rural
Legal Services, and Mississippi Military Department.

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