More troubling signs point to potential increase in defaults

More troubling signs point to potential increase in defaults

And yet we introduce a 100% LTV mortgage

Calgary housing market a canary in the shale mine?

Home prices, sales plummet alongside price of crude oil

Here's why the loanDepot CEO loves the CFPB

Regulatory environment huge barrier to entry
W S
Servicing / The Ticker

NeighborWorks foreclosure program rescues 1.6 million homeowners

foreclosure paper

Nearly 1.6 million homeowners have received foreclosure prevention counseling from local nonprofits, national intermediaries and state housing finance agencies, according to nonprofit NeighborWorks America. The organization's National Foreclosure Mitigation Counseling program shared updated statistics this week.

“Although the economy is improving, there are still many homeowners who need foreclosure prevention counseling and the NFMC program continues to assist thousands of families,” said NeighborWorks America CEO Eileen Fitzgerald.

“A homeowner who receives help from the NFMC program saves significant money and time and, importantly, often is able to remain in their home. The NFMC program has provided counseling in every state, the District of Columbia and Puerto Rico. We’re proud to spotlight the excellence and perseverance of homeownership counselors in helping people to stay in their homes,” she added. 

Recent Articles by HousingWire Staff

Comments powered by Disqus