Foreclosure Prevention Financing Models
In the height of the mortgage crisis, major banks and CDBIs around the country are all working to provide alternative financing structures that can assist consumers who may either be in default on their home loans or may be precariously close to it. In this context, unique public-private and philanthropic partnerships are being nurtured so that at-risk consumers can be refinanced. NCIF compiled a list of products and partnerships successful in supporting these consumers. Our goal is to make this knowledge available to other institutions so that the products can be replicated, thereby magnifying the net benefit to home-owners.