AG's announces foreclosure prevention consortium

By The Associated Press

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

A news release 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.

Read more in Tuesday’s NEMS Daily Journal newspaper.