Source: Michelle Singletary, Washington Post ( Free Registration )

The Neighborhood Assistance Corporation of America is doing something that should have been done a long time ago. Beginning this Saturday, the nonprofit housing advocacy organization will host a free, five-day “Save the Dream of Homeownership” event here in Washington where people can get immediate help restructuring their troubled mortgage loans.

Homeowners won’t have to wait weeks for a callback from their loan servicers. They won’t have to fret and fuss—and in some cases cuss—to get a mortgage servicing company to listen to their pleas to save their homes from foreclosure.

More than 300 NACA counselors, certified by the Department of Housing and Urban Development, will be at the Capital Hilton hotel to provide same-day, affordable mortgage restructurings that may include reduced interest rates and/or reduced loan balances.

Read Full Article: Help for harried homeowners