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.
Safeguard Properties is the largest mortgage field services company in the U.S. Founded in 1990 by Robert Klein and based in Valley View, Ohio, the company inspects and maintains defaulted and foreclosed properties for mortgage servicers, lenders, and other financial institutions. Safeguard employs approximately 1,700 people, in addition to a network of thousands of contractors nationally. Website: www.safeguardproperties.com.