Mortgage Resolution Partners (MRP) is a Community Advisory firm working to stabilize local housing markets and economies by keeping as many homeowners with underwater mortgages in their homes as possible.
America is experiencing an historic national mortgage crisis. Due to a collapse of home values, one in five mortgaged homeowners owe more than their homes are worth; more than eleven million families are now underwater. Nearly three million of these families are in default and on their way to foreclosures that will depress home prices further, causing still more foreclosures. MRP seeks to stem this tide. (Click here to see the severity of underwater mortgages in the U.S.)
The Program: Community Action to Restore Equity and Stability (CARES™)
Implementation of the CARES™ program by local governments acts as a catalyst for similar programs in other communities and for broader policy changes, helping to alleviate the US mortgage crisis.
Where is CARES™? How Can You Help?CARES™ is currently being considered by a number of communities in California, Illinois, New York as well as other states. Click here to find out how to bring CARES™ to your community.
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