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w <br />~. <br />FOR RELEASE <br />CONTACT: Jackie Nelson <br />LSS Communications Office <br />651.969.2286 <br />jackie.nelson(a~lssmn.org <br />LSS FINANCIAL COUNSELING JOINS NEW STATEWIDE EFFORT <br />TO PREVENT FORECLOSURES <br />(May 5, 2011) -Homeowners with Fannie Mae loans that are struggling to meet their <br />monthly mortgage payments have a new service available to them that will accelerate <br />and improve the process for seeking a loan modification or other resolution. <br />It's part of a new partnership between Fannie Mae and the Minnesota Home Ownership <br />Center, two organizations working with housing counseling providers statewide to <br />facilitate this first-of-its-kind service nationwide. LSS Financial Counseling Service, the <br />largest statewide provider of foreclosure prevention counseling in Minnesota, has <br />already helped several homeowners with Fannie Mae loans find a fast and workable <br />resolution for their unique situations. <br />"This is a big step forward for many Minnesota homeowners who are falling behind or <br />facing foreclosure and don't have time to wait for lengthy resolutions," explained Ruth <br />Hutchins, housing counseling supervisor with LSS Financial Counseling Service. <br />"Using a new tool to facilitate loan modification applications and other resolutions, we <br />