National Foreclosure Mitigation Counseling (NFMC) Program
In a recent update, the National Council of State Housing Agencies, (NCSHA) discusses the final evaluation of the National Foreclosure Mitigation Counseling (NFMC) Program by the Urban Institute (UI). Congress created the NFMC program in 2008 to address the nation’s foreclosure crisis through foreclosure mitigation counseling operated through state and local agencies and nonprofits.
NeighborWorks America (NeighborWorks), the organization responsible for administering the program, commissioned UI to conduct periodic progress reports on NFMC to fulfill Congress’ requirement that NeighborWorks report on the program’s results. This latest report focuses on funding rounds 3 through 5, which is represented by borrowers who received program counseling between July 2009 and June 2012, with the outcomes of these clients observed through June 2013.
To view the NCSHA update, please click here.
To view the UI final evaluation, please click here.
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