As National Homeownership Month comes to an end, we are thrilled to congratulate Daniel Burnham, one of our very own housing counselors, who was named the 2012 Homeownership Preservation Foundation (HPF) Counselor of the Year.
Over the last several years, HUD-approved housing counseling organizations like MMI have provided effective foreclosure prevention counseling to millions of struggling homeowners.
In fact, according to the National Foundation for Credit Counseling (NFCC), recent studies have demonstrated that struggling homeowners who receive housing counseling are 67 percent more likely to remain current on their mortgage after receiving a loan modification than are non-counseled borrowers.
These studies demonstrate the important role that housing counseling agencies can play in assisting the nearly five million homeowners who are delinquent on their mortgage or already in foreclosure.
In the last year alone, HPF received more than one million calls from homeowners across the country. And, according to HPF, “It is because of compassionate, professional counselors like Mr. Burnham that so many homeowners are able to reach a sustainable solution and avoid foreclosure.”