Housing Counselors See Better Results on Loan Modifications
The Urban Institute has published a study showing that homeowners who work with housing counselors do better with their loan modifications than those who do not use the services of a counselor. Of the borrowers in the study, 36% of those who received counseling re-defaulted on their loans, compared to 49% of those who did not receive counseling.
SOURCE: Wall Street Journal, 12/20/2010
Forward