HUNTINGTON, W.Va. (WSAZ) – Struggling mortgage lending giant Freddie Mac has invested nearly $9 billion in West Virginia home loans, helping nearly 90,000 families.
In Ohio, Freddie Mac invested more than $140 billion, helping more than a million families, while it invested more than $43 billion in Kentucky, serving more than 430,000 families.
Regardless of what mortgage companies are being discussed, more consumers are struggling to pay their bills.
A local spokesperson with Consumer Credit Counseling said, on average, they counsel about 350 people a month. Normally, only about 30 of those sessions deal with mortgages. During the last month, nearly 100 people requested help paying their mortgage.
Jeff Wise said if you're running behind on a payment, you need to seek help immediately. More and more mortgage companies are helping customers by reducing interest rates or forgiving past due amounts.
If you need assistance, you can call consumer credit counseling at 800-281-5969 or by going to this site:
http://cccswv.com