Congressional Reports

Ninth NFMC Congressional Report

On Oct. 22, 2013, NeighborWorks America released its ninth report to Congress on NFMC program activity. The report covers counseling activity reported by program Grantees and counselor training provided by NeighborWorks between March 1, 2008, and May 31, 2013.

Download report [PDF, 397 KB]

Download appendix [PDF, 1.2 MB]

Highlights of the report include:

  • 1,576,047 homeowners received foreclosure counseling during the reporting period.
  • Training funds used to provide 12,277 scholarships and create three online training courses for which 8,863 certificates of completion were issued.
  • Mortgage-related legal assistance provided to 41,849 homeowners.
  • Minority and low-income homeowners and neighborhoods, which have been disproportionately impacted by the foreclosure crisis, are well-served by the NFMC Program: 30 percent of NFMC Program clients were identified as racial minority homeowners, an additional 19 percent were of Hispanic origin, and 66 percent were classified as low income.
  • The percentage of NFMC program clients that reported having fixed-rate mortgages with interest rates below 8 percent increased from 30 percent in October 2008 to nearly 59 percent in May 2013.
  • The percentage of homeowners stating their primary reason for facing foreclosure is unemployment or under-employment is now 64 percent, up from 41 percent in October of 2008.
  • 10,530 homeowners with HAMP trial modifications received NFMC Program-funded counseling.
  • The NFMC Program allowed housing counseling organizations to enhance their capacity by creating more efficient counseling processes, strengthening their ability to communicate more effectively with mortgage servicers, and other operational improvements to help manage the demand for services.

The appendix provides additional information on the following topics:

  • NFMC counseling production summary.
  • Making Home Affordable and NFMC programs.
  • Counselor training.
  • Legal assistance to NFMC clients by states.
  • State-level details: service delivery and homeowner characteristics.
  • Counseling delivery to MSAs and rural areas of states.
  • Service to low-income and minority homeowners.
  • Demographic client data.
  • Service delivery maps.

Eighth NFMC Congressional Report

On Dec. 10, 2012, NeighborWorks America released its eighth report to Congress on NFMC program activity. The report covers counseling activity reported by program Grantees and counselor training provided by NeighborWorks between March 1, 2008, and Aug. 31, 2012.

Download report [PDF, 397 KB]

Download appendix [PDF, 1.2 MB]

Highlights of the report include:

  • 1,451,535 homeowners received foreclosure counseling during the reporting period.
  • Training funds used to provide 11,437 scholarships and create three online training courses for which 8,265 certificates of completion were issued.
  • Minority and low-income homeowners and neighborhoods, which have been disproportionately impacted by the foreclosure crisis, are well-served by the NFMC Program: 31 percent of NFMC Program clients were identified as racial minority homeowners, 20 percent were of Hispanic origin, and 66 percent were classified as low-income.
  • The percentage of NFMC program clients that reported having fixed-rate mortgages with interest rates below 8 percent increased from 30 percent in October 2008 to 57 percent in August 2012.
  • The percentage of homeowners stating their primary reason for facing foreclosure is unemployment or under-employment is now 58 percent, up from 41 percent in October of 2008, but down 4 percent from March 2012.
  • The NFMC program strengthened housing counseling organizations and enhanced their capacity through grant funds that helped them create improved methods of foreclosure counseling, communicate more effectively with mortgage servicers, and make process improvements, streamlining the counseling process to better manage the high demand for services.

The appendix provides additional information on the following topics:

  • NFMC program counseling production summary.
  • Counselor training.
  • Counseling delivery to MSAs and rural areas of states.
  • Service to low-income and minority homeowners
  • State-level details: service delivery and homeowner characteristics.
  • Legal assistance to NFMC clients by state.
  • Making Home Affordable and NFMC programs.
  • Demographic client data.
  • Service delivery maps.

Seventh NFMC Congressional Report

On June 11, 2012, NeighborWorks America released its seventh report to Congress on NFMC program activity. The report covers counseling activity reported by program Grantees and counselor training provided by NeighborWorks between March 1, 2008, and March 19, 2012.

Download report [PDF, 397 KB]

Download appendix [PDF, 1.2 MB]

Highlights of the report include:

  • 1,360,689 homeowners received foreclosure counseling during the reporting period.
  • Training funds used to provide 10,853 scholarships and create three online training courses for which 7,856 certificates of completion were issued.
  • Mortgage-related legal assistance provided to 37,777 homeowners.
  • Minority and low-income homeowners and neighborhoods, which have been disproportionately impacted by the foreclosure crisis, are well-served by the NFMC Program: 31 percent of NFMC Program clients were identified as racial minority homeowners, an additional 20 percent were of Hispanic origin, and 66 percent were classified as low income.
  • The percentage of NFMC program clients that reported having fixed-rate mortgages with interest rates below 8 percent increased from 30 percent in October 2008 to greater than 53 percent in March 2012.
  • The percentage of homeowners stating their primary reason for facing foreclosure is unemployment or under-employment is now 62 percent, up from 41 percent in October of 2008.
  • 8,856 homeowners with HAMP trial modifications received NFMC Program-funded counseling.
  • The NFMC program allowed housing counseling organizations to enhance their capacity by creating more efficient counseling processes, strengthening their ability to communicate more effectively with mortgage servicers, and other operational improvements.

The appendix provides additional information on the following topics:

  • NFMC program counseling production summary.
  • Making Home Affordable and NFMC programs.
  • Counselor training.
  • Legal assistance to NFMC clients by states.
  • State-level details: service delivery and homeowner characteristics.
  • Counseling delivery to MSAs and rural areas of states.
  • Service to low-income and minority homeowners.
  • Client data.
  • Service delivery maps.

 


Sixth NFMC Congressional Report

On Sept. 13, 2011, NeighborWorks America released its sixth report to Congress on NFMC Program activity. The report covers counseling activity reported by program Grantees and counselor training provided by NeighborWorks between March 1, 2008 and June 30, 2011. Highlights of the report include:

  • 1,168,062 homeowners received foreclosure counseling during the reporting period.
  • Training funds used to provide 9,646 scholarships to 130 in-person trainings and create three online training courses for which 6,300 certificates of completion were issued.
  • Mortgage-related legal assistance provided to 32,851 homeowners.
  • Minority and low-income homeowners and neighborhoods, which have been disproportionately impacted by the foreclosure crisis, are well-served by the NFMC Program: 31 percent of NFMC Program clients were identified as racial minority homeowners, an additional 20 percent were of Hispanic origin, and 66 percent were classified as low income.
  • For the first time in the program, more than half of all clients – 53 percent – report holding fixed-rate mortgages with interest rates below 8 percent. This is a remarkable increase from 30 percent in October 2008.
  • The percentage of homeowners stating their primary reason for facing foreclosure is unemployment or under-employment is now 60 percent, up from 41 percent in October of 2008.
  • More than 7,230 homeowners with HAMP trial modifications received NFMC-funded counseling.
  • The NFMC program allowed housing counseling organizations to enhance their capacity by creating more efficient counseling processes, strengthening their ability to communicate more effectively with mortgage servicers and other operational improvements.

Download report [PDF, 397 KB]

Download appendix [PDF, 1.2 MB]

 


Fifth NFMC Congressional Report

On May 28, 2010, NeighborWorks America released its fifth report to Congress on NFMC program activity. The report covers counseling activity reported by program grantees and counselor training provided by NeighborWorks between March 1, 2008, and Jan. 31, 2010. The report also details the NFMC Program’s role in President Obama’s Making Home Affordable program and the successes and challenges counselors face when helping homeowners avoid foreclosure. Highlights of the report include:

  • 871,333 homeowners received counseling during the reporting period.
  • 6,314 scholarships provided to foreclosure counselors.
  • Descriptive statistics about clients served through the program.
  • Successful counseling strategies, including the importance of early intervention.
  • The challenges counselors face in the current economic environment.

Report description [PDF, 80 KB]

Executive summary [PDF, 161 KB]

Full congressional report [PDF, 3.7 MB]


Fourth NFMC Congressional Report

On Nov. 16, 2009, NeighborWorks America released its fourth report to Congress on NFMC program activity. As of that date, the program had provided 762,284 struggline homeowners with foreclorseure prevention counseling.

The report covers counseling activity reported by program grantees and counselor training provided by NeighborWorks between March 1, 2008, and Aug. 18, 2009. It includes a preliminary analysis of the effectiveness of the NFMC Program through a matching effort conducted by the Urban Institute. The report also details the NFMC program’s role in President Obama’s Making Home Affordable program and the successes and challenges counselors face when helping homeowners avoid foreclosure.

Highlights of the report include:

  • 633,294 homeowners received counseling during the reporting period.
  • 5,237 scholarships provided to foreclosure counselors.
  • Descriptive statistics about clients served through the program.
  • Successful counseling strategies, including the importance of early intervention.
  • The challenges counselors face in the current economic environment.

Report description [PDF, 45 KB]

Executive summary [PDF 132 KB]

Full report [PDF, 3.4 MB]


Third NFMC Congressional Report

On June 2, 2009, NeighborWorks America released its third report to Congress on NFMC program activity. The report shows that as of May 31, 2009, the NFMC program had provided 405,172 struggling homeowners with foreclosure prevention counseling.

The report covers counseling activity reported by program Grantees and counselor training provided by NeighborWorks between March 1, 2008, and March 31, 2009. It includes a preliminary look at the effectiveness of the NFMC program through a matching effort conducted by the Urban Institute that looks at the post-counseling status of loans held by NFMC program clients. The report also details the NFMC program’s role in President Obama’s Making Home Affordable program.

Highlights of the report include:

    • 373,169 homeowners received counseling during the reporting period.
    • 4,447 scholarships provided to foreclosure counselors.
    • Descriptive statistics about clients served through the program.
    • Information on the loan status of clients previously counseled through the program.
    • Successful counseling strategies, including the importance of early intervention.
    • The challenges counselors face in the current economic environment.

Report description [PDF, 56 KB]

Executive summary [PDF 129 KB]

Full Report [PDF, 4.1 MB]


Second NFMC Congressional Report

On Feb.25, 2009, NeighborWorks America released its second report on homeowners receiving counseling through the NFMC program in February 2008. The report covers counseling activity reported by program grantees between March 1, 2008, and Jan. 15, 2009. The report looks at the reasons clients are defaulting, monthly mortgage payment, demographic information, geographic location of clients receiving NFMC program counseling, and the challenges counselors face when working with clients. The report also shows that in calendar year 2008, 3,264 scholarships were awarded to nonprofit staff members who provide foreclosure counseling, and 1,825 certificates of completion have been earned in the online foreclosure basics course.

Report description [PDF, 43 KB]

Executive summary [PDF, 116]

Full report [PDF, 5.7 MB]


First NFMC Congressional Report

On Oct. 30, 2008, NeighborWorks America submittedan interim report to Congress on the impact of the National Foreclosure Mitigation Counseling (NFMC) program. The report reveals that as of Sept. 15, 2008, nearly $55 million has been disbursed to NFMC program grantees, and 105,071 homeowners in all 50 states have been provided assistance to address their mortgage delinquency and foreclosure challenges. The report includes such information asreason for default, monthly mortgage payment,demographic information and geographic location of homeowners who received NFMC counseling. The report also shows that during the same time period, scholarships have been provided through the NFMC program to 2,555 nonprofit staff members who provide foreclosure counseling and 4,608 training certificates in foreclosure-related courses have been issued.

Brief description [PDF, 37 KB]

Executive summary [PDF, 213 KB]

Full report [PDF, 5.5 MB]