Dollar Bank Announces its Tenth Annual 'Mortgages for Mothers' Workshop

Tue Mar 3, 2009 11:49am EST

* Reuters is not responsible for the content in this press release.

Teaching the Right Way to Reach Homeownership for Ten Years

PITTSBURGH, March 3 /PRNewswire/ -- With today's headlines highlighting
stories of borrowers lured into sub-prime loans and now facing foreclosure, it
seems Dollar Bank's approach for the past ten years has been the right one. At
least that's what Mona Generett thinks. She's Dollar Bank's VP for Community
Development and the designer of the bank's "Mortgages for Mothers" Workshop,
set for Saturday, March 7, 2009 at the Sheraton Station Square.

"There are no shortcuts when it comes to buying a home," Generett explained.
"For the past ten years, we have been holding these free workshops to teach
would-be borrowers the right way to reach homeownership. At our workshop, we
explain to potential borrowers the complexities of the mortgage process and
help them design a plan to buy a house within their means and to obtain a
mortgage that they can afford."

"Highlighting the workshop each year are inspirational presentations by new
homeowners, who overcame their own problems with the help of Dollar Bank's
credit counselors and obtained a mortgage," Generett continued.  "For those
that need it, we encourage attendees to rebuild their credit with the help of
our homeownership counselors, who have helped scores of would-be borrowers
understand and resolve their credit problems and confidently buy a home they
can afford."

Celebrating its tenth year, the "Mortgages for Mothers" workshop usually
attracts more than 300 female heads of households looking to buy a home.

Attendees will learn about the various mortgage loan programs available to
them and come to understand the importance and power of credit. They will even
get a chance to discuss their individual credit reports with a credit
professional.

KDKA TV's Lynne Hayes-Freeland, a single mom herself, will moderate the
session.

"Mortgages for Mothers" is only one part of Dollar Bank's efforts to provide
special help to those would-be borrowers who have special needs.  On a daily
basis, Dollar Bank homeownership counselors help would-be homeowners by
holding educational classes, private credit restoration counseling sessions,
special savings programs and other informational and motivational group
sessions.  

The "Mortgages for Mothers" home buying workshop will begin at 9:00 a.m. on
Saturday, March 7, 2009 at the Sheraton Station Square on Pittsburgh's
Southside.
 

For more information, please call 1-800-345-DOLLAR or visit our website at
www.dollarbank.com.

SOURCE  Dollar Bank

James F. Carroll, Jr., V.P. Public Affairs of Dollar Bank, +1-412-261-8852
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