In the present work we deal with the scattering dispersion and attenuation of elastic waves in different types of nonhomogeneous media. The iterative effective medium approximation based on a single scattering consideration, for the estimation of wave dispersion and attenuation, proposed in Tsinopoulos et al., [Adv. Compos. Lett. 9, 193-200 (2000)] is examined herein not only for solid components but for liquid suspensions as well. The iterations are conducted by means of the classical relation of Waterman and Truell, while the self-consistent condition proposed by Kim et al. [J. Acoust. Soc. Am. 97, 1380-1388 (1995)] is used for the convergence of the iterative procedure. The single scattering problem is solved using the Ying and Truell formulation, which with a minor modification can accommodate the solution of scattering on inclusions in liquid. Theoretical results for several different systems of particulates and suspensions are presented being in excellent agreement with experimental data taken from the literature.