Download or read book Foreclosure Counseling Outcome Study written by Anna Jefferson and published by . This book was released on 2014-07-03 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report documents the circumstances of housing counseling clients enrolled in foreclosure and pre-purchase counseling in fall 2009 at a broad sample of the Dept. of Housing and Urban Development (HUD)-funded housing counseling agencies across the country. It provides information on who accesses counseling services when facing challenges in paying their mortgage loan, what services those clients obtain, and identifies the outcomes the clients experienced in the following 18 months). Some findings include: Most study participants had tried to contact their servicer when they first fell behind but had not been successful in negotiating with their lenders; and with a counselor's help, 69% of counselees obtained a mortgage remedy, and 56% were able to become current on their mortgages. Figures and tables. This is a print on demand report.
Download or read book Foreclosure Counseling Outcome Study written by and published by . This book was released on 2012 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Foreclosure Counseling written by Anna Jefferson and published by . This book was released on 2012 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Effectiveness of Foreclosure Counseling in St Louis A Report Prepared for the Metro St Louis Foreclosure Intervention Task Force and Beyond Housing written by and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of the study was to investigate who is receiving foreclosure counseling, the sorts of outcomes that homeowners are facing at the end of the counseling process and some of the benefits of counseling compared to some of the costs associated with foreclosure. [...] Limitations of the Analysis If the primary goal of the study was to uncover the extent to which -counseling matters,‖ the scope of the study limits the authors' ability to authoritatively answer this question. [...] The foreclosures are clustered in the south-east portion of the city, the northern portion of the city, and the northern area of the county, with smaller clusters elsewhere. [...] The lack of variation in the sustainability data-i.e., the fact that a large majority of the homeowners remained owners of 18 The Effectiveness of Foreclosure Counseling in St. [...] By lining up the costs of foreclosures with the costs of counseling, policy analysts at all levels of this -foreclosure policy system‖ receive a more complete picture of the importance of counseling-not just in the sense of equity and fairness but also in the sense of the long terms costs to local, state and the national economy.
Download or read book Foreclosure Prevention and Intervention written by United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity and published by . This book was released on 2008 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Foreclosure Counseling with Latino Households written by Maria Y. Rodriguez and published by . This book was released on 2016 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social work practice and scholarship was historically rooted in the development and analysis of policy (Rodriguez, Ostrow, & Kemp, 2016). Yet, little work has extended our knowledge base on the factors surrounding the development of housing policy and its impact on the populations we serve. The dearth of housing policy research within social welfare is particularly troubling in light of the recent foreclosure crisis (2007-2012). Notably, low-income and Latino households were disproportionality represented in the foreclosure crisis (Hall, Crowder, & Spring, 2015; Rugh, 2014), suggesting that foreclosure mitigation policies should have been crafted with these groups in mind. This dissertation aims to investigate how these households fared in the development of foreclosure mitigation policies, in order to understand how responsive policy makers can be to the context of social problems. Using a three-paper format, this dissertation investigates the development, implementation, and impact of the National Foreclosure Mitigation Counseling (NFMC) program. The dissertation uses a policy process centered conceptual framework to explain how certain groups were left out of NFMC's purview. Each paper addresses one of the three levels of social work practice: micro, mezzo, and macro. Results indicate that, beyond being adversely impacted by the foreclosure crisis, communities of color have reaped little benefit from foreclosure mitigation policy as a result of the social constructions they are assigned during the policy making process. Latino households in particular, while experiencing a rising contender status in the federal housing policy arena, are nonetheless not benefiting from foreclosure mitigation policy in ways commiserate with the impact of the crisis on this demographic group. Recalibrating the social work research agenda toward policy study is the most direct way to address the social and economic conditions that prevent the most vulnerable from claiming and exercising full citizenship in the United States today.
Download or read book Estimating the Effects of Foreclosure Counseling for Troubled Borrowers written by J. Michael Collins and published by . This book was released on 2014 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Starting in 2008, the number of homeowners losing their homes to foreclosure began increasing dramatically. Given that troubled borrowers may not fully understand their options for modifying their mortgage, lenders and policymakers have reacted to rising foreclosure filings by increasing the use of third-party default counseling programs. However, the existing literature on mortgage default counseling provides little convincing evidence on the effectiveness of counseling on borrower outcomes. This study employs multiple identification strategies to assess the impacts of counseling on receipt of loan modifications and keeping one's home. We find evidence of negative selection into counseling; however, once this negative selection is controlled for, counseling is consistently found to increase the probability that borrowers will receive a modification. We also find some evidence that counseling reduces the probability that a borrower will lose his or her home to foreclosure. Moreover, among borrowers who received a loan modification, those who were counseled were less likely to subsequently default. Lastly, we consistently find that when a homeowner receives counseling is an important determinant of his or her final outcome: those who receive counseling when current or in the early stages of default are much more likely to receive a modification or keep their homes than those who receive counseling when seriously delinquent.
Download or read book Foreclosure Counseling Guide written by and published by Foreclosure Counselors, Inc.. This book was released on with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Counseling for Delinquent Mortgagors written by United States. Dept. of Housing and Urban Development. Office of Program Analysis and Evaluation and published by . This book was released on 1975 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Evidence Matters written by and published by . This book was released on 2012 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reducing Foreclosures written by Christopher Foote and published by DIANE Publishing. This book was released on 2009 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: Takes a skeptical look at a leading argument about what is causing the foreclosure crisis and what should be done to stop it. The authors focus on two key decisions: the borrower's choice to default on a mortgage and the lender's subsequent choice whether to renegotiate or modify the loan. Unaffordable loans, defined as those with high mortgage payments relative to income at origination, are unlikely to be the main reason that borrowers decide to default. The efficiency of foreclosure for investors is a more plausible explanation for the low number of modifications to date. Policies designed to reduce foreclosures should focus on ameliorating the effects of job loss rather than modifying loans to make them more affordable on a long-term basis. Illustrations.
Download or read book Help for Homeowners Facing Foreclosure written by sylvia black and published by Sylvia Black. This book was released on 2020-01-28 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you have been laid off or are facing unemployment, you can keep your home - - if you know the right steps to take. If your family is facing any of these changes and cannot pay your bills, now is the time to look closely at what you owe and what you earn, eliminating unnecessary spending and reaching out for help if you still cannot meet your financial obligations. Taking action now can help you protect your family from the loss of your home. And Affordable Homes and Apartments can help. First and foremost, if you can keep your mortgage current, do so. However, if you find that you are unable to make your mortgage payments, you may qualify for programs that you may not know about. Even for the unemployed and senior citizerns and those with bad credit may qualify for many of these programs never before thought of. This book will give you information you need to help you save your home from foreclosure. The information contained herein is for informational purposes only and Affordable Homes and Apartments cannot guarantee approval of any program listed herein. The sooner you call; the sooner help is available. We buy houses for cash. so if you haven't been able to get the help you need or want give Affordable Homes and Apartments a call we may be able to purchase your home and help you save your home and your credit. The contents of this book are being provided for informational purposes only. It is not intended to provide legal advice and should not substitute for the advice of an experienced real estate attorney. Also, the links and references to web sites and organizations are provided for informational purposes only. Affordable Homes and Apartments do not endorse any specific organization or web site and does not suggest that one source should be utilized to the exclusion of another and cannot guarantee approval.
Download or read book National Foreclosure Awareness written by Tia M. Selner-Monday and published by Facts of Foreclosure. This book was released on 2005-11 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This empowering handbook is designed to educate distressed homeowners about their options in the foreclosure process by giving valuable insight into what steps to take, who to talk to, and what to say.
Download or read book Home Foreclosures written by United States. Congress. House. Committee on the Judiciary. Subcommittee on Commercial and Administrative Law and published by . This book was released on 2010 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Protecting Minority Homeowners written by J. Michael Collins and published by . This book was released on 2014 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Millions of minority homeowners are at risk of losing their homes as a result of the housing crisis due to mortgage foreclosure and home repossession. One consumer-oriented policy response to this crisis is mortgage default counseling for borrowers. This study examines the rate at which minority borrowers seek default counseling and the resulting correlation between counseling and the probability that a borrower obtains a modification of his/her original mortgage contract terms. The results suggest that African Americans are more likely to be counseled, relative to Whites. However, Latinos or other non-White groups are no more or less likely to be counseled. The probability of loan modifications among counseled African Americans is also higher than other counseled borrowers. These results suggest that counseling policies and the public subsidy of default counseling may be one approach for promoting consumer financial well-being of these households, but also suggest counseling efforts might be better designed for other minority groups. These results also have implications for the application of counseling to other mortgage decisions, such as refinance.
Download or read book Analysis of Mortgage Default Clients and Mortgage Default Counseling at a Housing Counseling Agency written by Lucy Delgadillo and published by . This book was released on 2013 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purposes of the study were to create a profile of the mortgage default clientele and to examine how clientele were utilizing the counseling services at a housing counseling center. Aspects considered were loan type, time of delinquency when clients sought counseling, referrals of clients, and the point in counseling when an outcome was achieved (keeping the home or losing the home to foreclosure). Descriptive statistics were used to create a profile of clients, and Kaplan-Meier survival analysis was used to examine the utilization of services. In the context of survival analysis, clients were divided into three groups: survival (kept the home), foreclosure/bankruptcy (lost the home), and lost-to-follow up. Findings indicate that the role of the housing counselor might evolve according to the outcome of the default as well as the type of loan.
Download or read book Foreclosure Counseling written by and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
