Informing the public about the Federal Reserve
I'm having a problem paying my mortgage every month. What can I do to prevent foreclosure?
If you are unable to pay--or haven't paid--your mortgage, contact your lender or the company that collects your mortgage payment as soon as possible. Mortgage lenders may want to work with you on a payment solution, and you may have more options if you contact them early. Call the phone number or visit the website listed on your monthly mortgage statement or payment coupon book. Explain your financial situation and offer to work with your lender to find the right payment solution for you.
You may also contact the Homeowner’s HOPE Hotline at 888-995-HOPE (888-995-4673) or a housing counseling agency. You can find a list of counseling resources at NeighborWorks and on the U.S. Department of Housing and Urban Development's (HUD) website or by calling (800) 569-4287.