Strengthening the Case for Homeownership Counseling: Moving Beyond "A Little Bit of Knowledge"

W04-12: The announcement of the NeighborWorks® Center for Homeownership Education and Counseling (NCHEC) presents a legitimate and appropriate opportunity to assess what the research literature on homeowner education and counseling (hereafter referred to as “counseling”) suggests about the efficacy and impact of counseling. The answer will have further value with the release of pricing data in the 2004 Home Mortgage Disclosure Act data (HMDA) and the continued seasoning of highly leveraged affordable loans and rising interest rates…