The Federal Deposit Insurance Corporation and NeighborWorks America announced last week a series of one-day foreclosure prevention seminars in five high-foreclosure cities for support counselors, bankers, real estate professionals, and others involved in foreclosure outreach efforts. Freddie Mac said it is joining forces with Virginia's governor and the Virginia Foreclosure Prevention Task Force in June to offer free mortgage clinics that will help delinquent borrowers in the state avoid foreclosure. The Mortgage Relief Fund launched in December with the participation of five banks has now grown to 50 participating banks, the Federal Reserve Bank of Boston and the Massachusetts Bankers Association announced. The Philadelphia Mortgage Foreclosure Protection Plan was announced by the city's mayor on Wednesday to deal with an expected 8,500 foreclosures this year.
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