Research

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9/1/2014
National Foreclosure Mitigation Counseling Program Evaluation: Final Report, Rounds 3 Through 5
The Urban Institute completed a four-year evaluation of Rounds 3 through 5 of the National Foreclosure Mitigation Counseling (NFMC) program. Using a representative NFMC sample of 137,000 loans and a comparison non-NFMC sample of 103,000 loans, the Urban Institute was able to employ robust statistical techniques to isolate the impact of NFMC counseling on loan performance through June 2013. The final evaluation of Rounds 3 through 5 conducted by Urban Institute indicates that the NFMC program continues to have positive effects for homeowners participating in the program Counseled homeowners were more likely to cure a serious delinquency or foreclosure with a modification or other type cure, stay current after obtaining a cure, and for NFMC clients who cured a serious delinquency, avoid foreclosure altogether.
10/1/2013
NeighborWorks Green Organizations: 2013 Designee Profiles
This publication profiles the 2013 network members recognized by the NeighborWorks Green Organization Designation program. The designation indicates those network members who have demonstrated a commitment to sustainable operations and principles. Read this publication to learn from their practices.
8/1/2013
Disaster Preparedness and Recovery For Community Development Organizations
The purpose of this handbook is to provide community development organizations (CDOs) with basic information useful for the following: - Developing organizational continuity of operations plans. - Proactively assisting their communities with preparedness. - Pre-planning for recovery and actual disaster recovery. More detailed information on these topics can be obtained from Web sites referenced at the end of this document. Typically after disasters, the vast majority (80%) of the affected population is able to manage its own recovery. The remaining 20% will need special assistance that CDOs and nonprofit organizations are uniquely positioned to provide. The kinds of assistance victims need varies greatly based on the type of disaster or crisis that has occurred and on each individual household's particular circumstances. CDOs have aided their communities' recovery from disaster with counseling services such as foreclosure prevention, help with the Federal Emergency Management Agency and Small Business Association (FEMA and SBA) process, disaster recovery case management, rehabilitation services, recovery fundraising, volunteer management, new construction management, assistance in development of economic recovery, temporary housing to disaster victims, funding for day care, providing meeting spaces for recovery planning, communication with clientele, mental health services and so on. CDOs have also worked with local government to create a recovery that is sustainable and creates a better community than prior to the disaster. CDOs have responded to the needs of their existing clientele as well as disaster victims who were not in need of the CDOs' services previously. In order for CDOs to be positioned to provide assistance they must still be operational after the storm has passed. The first section of this handbook is a workbook designed to assist CDOs with step-by-step development of an organizational business continuity plan (BCP). The second portion of this handbook lists steps that organizations can take to work with emergency management leaders in their communities to encourage individual households and communities to be better prepared for natural and man-made disasters. The third and fourth sections of this handbook address issues associated with recovery. There is a guide to pre-planning for recovery, a guide to developing a disaster recovery notebook and best practices, and considerations and opportunities for housing, economic and community recovery are suggested. A resources section is included to provide additional information on preparedness for and recovery from disasters.
6/1/2013
Scaling Financial Coaching: Critical Lessons and Effective Practices
The Financial Capability Demonstration Project, launched in 2010 with support from the Citi Foundation, showed what it takes to launch, enhance, evaluate, and increase the scale of financial coaching programs nationally. Specifically, the project results validate the use of financial coaching as a method of helping low- and moderate-income consumers to save money, pay down debt, and improve their credit scores.
3/1/2013
Navigating the Road to Housing Recovery
Navigating the Road to Housing Recovery is a comprehensive guide to resources and steps to take for those affected by Hurricane Sandy. If you have already begun to repair or rebuild your home, or if you are planning to do so soon, Navigating the Road to Housing Recovery is written for you. If you were a renter when the storm hit and have been displaced from your home, you will find some resources in this guide, and as the recovery progresses, more will become available. If you owned a house that you were forced out of by the storm, but have not yet made a decision to repair or rebuild, the information in this guide can help you make an informed decision.
3/1/2013
Pre-Purchase Counseling Impacts on Mortgage Performance: Empirical Analysis of NeighborWorks America's Experience
NeighborWorks America's (NeighborWorks) nationwide network of affiliates offers pre-purchase homebuyer counseling and education throughout the country. Using information on about 75,000 loans originated between October 2007 and September 2009, Neil Mayer and Associates together with Experian analyzed the impact of pre-purchase counseling and education, provided by NeighborWorks' network, on the performance of counseled borrowers' mortgages. It compares mortgage performance for counseled buyers over two years after the mortgages are originated, compared to mortgage performance of borrowers who receive no such services. The study's findings show that pre-purchase counseling and education works: clients receiving pre-purchase counseling and education from NeighborWorks organizations are one-third less likely to become 90+ days delinquent over the two years after receiving their loan than are borrowers who do not receiving pre-purchase counseling from NeighborWorks organizations. The finding is consistent across years of loan origin, even as the mortgage market changed in a period of financial crisis. It applies equally to first-time homebuyers and repeat buyers.
3/1/2013
Experian Report 2012
Neil Mayer and Associates, together with Experian, conducted a study on the effectiveness of NeighborWorks pre-purchase homeownership counseling and education. Using information from about 75,000 loans originated between October 2007 and September 2009, analyzed the impact of pre-purchase counseling and education, provided by NeighborWorks' network, on the performance of counseled borrowers' mortgages. Overall, the study found clients receiving pre-purchase counseling and education from NeighborWorks organizations are one-third less likely to become 90+ days delinquent over the two years after receiving their loan than are borrowers who do not receive pre-purchase counseling from NeighborWorks organizations.
12/1/2012
NeighborWorks Green Organizations: 2012 Designee Profiles
The NeighborWorks Green Organization designation recognizes NeighborWorks network members who incorporate healthy and sustainable principles into every facet of their operations and throughout their lines of business. NeighborWorks announced the first group of designees in December 2012 and will be granting new designations annually. NeighborWorks' goal is, by 2016, to have two-thirds of its over 235 network members achieve the NeighborWorks Green Organization Designation, transforming the work of the network in support of creating and sustaining a Network of Excellence. See Profiles of the first 16 NeighborWorks Green Organizations announced in December 2012.
8/1/2012
Community Stabilization Case Studies: Showcasing Innovative Strategies in the NeighborWorks America Network
This paper profiles eight community stabilization efforts . It reveals local and regional challenges and shows how strong partnerships, defined target areas, and deliberate community engagement were often crucial components in successful community stabilization and recovery. Read these case studies to learn how the non-profit community development organizations have emerged as the vanguards of stabilization efforts, rebuilding homes and deploying resources to bring life back to ailing communities in response to the foreclosure crisis.
12/1/2011
Urban Institute NFMC Evaluation 2011
This report documents the outcome from a three-year evaluation of the National Foreclosure Mitigation Program. Overall, the Urban Institute evaluation demonstrates that the NFMC program is having its intended effect of helping homeowners facing loss of their homes through foreclosure.
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