Brothers Redevelopment Inc Blogs Blogs - Evidence shows - again - that housing counseling works
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Sep 16

Written by: BRIBlogger
Tuesday, September 16, 2014 9:22 AM 

The research exhibits what we have known since we started providing housing counseling: Those who meet with a housing counselor have a better chance of avoiding foreclosure. Housing counseling is about helping clients achieve positive outcomes.

 

The research exhibits what we have known since we started providing housing counseling: Those who meet with a housing counselor have a better chance of avoiding foreclosure. Housing counseling is about helping clients achiee\ve positive outcomes.

The latest Urban Institute evaluation of NFMC housing counseling performance is out, and the numbers are impressive. Two of the highlights reported when comparing counseled to non-counseled households:

Change in odds of receiving a loan modification: 2.83 times greater,

Change in odds of re-defaulting on a loan-modification cure - 70 percent smaller; change in re-defaulting on a non-modification cure, 72 percent small.

Link to the NeighborWorks summary, Executive Summary and full study. http://www.neighborworks.org/nfmceval14

 

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