Wells Fargo Supports Nonprofit Foreclosure-Prevention Counseling through NFCC Grant

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The National Foundation for Credit Counseling (NFCC) has received a grant of $250,000 from Wells Fargo & Company to support the delivery of foreclosure-prevention counseling.

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Since 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.

The National Foundation for Credit Counseling (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.

“Wells Fargo’s commitment to funding nonprofit credit counseling speaks volumes about their concern for the financial stability of today’s struggling homeowner,” said Susan C. Keating, president and CEO of the NFCC. “Through this grant, people fearing foreclosure will continue to have access to substantive help.”

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. These remedial efforts bring stability to the consumer, the neighborhood, the community and the overall housing market.

“Since 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,” said Keating.

“Many feel that housing led America into the economic decline, thus housing will need to lead the way out. Housing counseling is key to the country’s economic recovery,” 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. Last year, NFCC Member Agencies assisted 3.1 million consumers, more than 770,000 around housing issues.

The National Foundation for Credit Counseling (NFCC), founded in 1951, is the nation’s largest and longest serving national nonprofit credit counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior, and build capacity for its members to deliver the highest-quality financial education and counseling services. NFCC Members annually help more than three million consumers through close to 800 community-based offices nationwide. For free and affordable confidential advice through a reputable NFCC Member, call (800) 388-2227, (en Español (800) 682-9832) or visit http://www.nfcc.org. Visit us on Facebook: http://www.facebook.com/NFCCDebtAdvice, on Twitter: twitter.com/NFCCDebtAdvice, on YouTube: http://www.YouTube.com/NFCC09 and our blog: http://financialeducation.nfcc.org/.

Contact:
Gail Cunningham
(202) 677-4355 - direct
(240) 672-2700 – cell
gcunningham(at)nfcc(dot)org

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