TheÂ NFCC has received a grant of $250,000 from Wells Fargo & Company to support the delivery of foreclosure-prevention counseling. The NFCC appreciates Wells Fargo & Company for recognizing the continued need for nonprofit foreclosure-prevention counseling, and supporting it through this grant to the NFCC and its member agency network.Â
â€œWells Fargoâ€™s commitment to funding nonprofit credit counseling speaks volumes about their concern for the financial stability of todayâ€™s struggling homeowner,â€ said Susan C. Keating, president and CEO of the NFCC.Â â€œThrough this grant, people fearing foreclosure will continue to have access to substantive help.â€
Housing counseling has proven to increase the likelihood of the borrower bringing the delinquent loan current, staying current, and being able to remain in their home.Â Â These remedial efforts bring stability to the consumer, the neighborhood, the community and the overall housing market.Â
â€œSince the mortgage crisis began, close to three million consumers have received housing counseling through an NFCC Member HUD-approved housing counseling agency, and the demand remains high,â€ said Keating.
â€œMany feel that housing led America into the economic decline, thus housing will need to lead the way out. Housing counseling is key to the countryâ€™s economic recovery,â€ she continued.
NFCC Member Agencies are located in close to 800 communities and represent 2,500 Certified Credit Counselors, with nearly 2,000 of them having the additional designation of Certified Housing Counselor.Â Last year, NFCC Member Agencies assisted 3.1 million consumers, more than 770,000 around housing issues.