FOR IMMEDIATE RELEASE

For more information:

Karmela Lejarde, Communications Manager

703-761-1274

Reston, Va.—This week, the Obama administration detailed a mortgage relief plan designed to help up to nine million homeowners avoid foreclosure. The program provides incentives for lenders to modify or refinance loans into more affordable terms.

Struggling homeowners seeking to modify or refinance their loans need to contact the mortgage company that collects their monthly payments. MERS provides this important informational link through MERS® ServicerID, a free website and toll-free number (888-679-6377) that identifies the mortgage company that services loans registered on the MERS® System.

With MERS® ServicerID, and as a member of the Hope Now Alliance and sponsor of Mortgage Town for the National Consumers League, MERS has helped tens of thousands of homeowners facing foreclosure get in touch with their mortgage company so that they can modify their loan and hopefully stay in their homes.

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