Foreclosure Prevention Counseling Report

The final report of evaluation of the first two years of the National Foreclosure Mitigation Counseling Program, by Neil Mayer, Peter Tatian, Ken Temkin, and Charles Calhoun is now available at http://www.urban.org/publications/412475.html. It shows that counseling is a powerful tool to improve loan modifications, cure delinquencies and foreclosure starts, reduce recidivism of cures once made, and reduce foreclosure completions.