Working Paper on Home Foreclosure Prevention Financing Models

National Community Investment Fund (NCIF) is pleased to release a Working Paper on Home Foreclosure Prevention Financing Models. As we go through the current financial crisis, a number of us are working hard to provide solutions to help at-risk customers stay in their homes. The objective of our work is to provide summaries of products and strategies that are being provided by financial institutions - banks, thrifts, credit unions, non-depositories, federal agencies and home loan banks. These products access different pots of money in a very creative and innovative manner.

We hope that there will be two possible outcomes of this:
1. Replication: that these products and strategies will be replicated in other locales by other financial institutions so that many more customers will be supported.
2. Product Development: that other products and strategies will be provided to us/the industry on work that is being done. This is not an exhaustive list of products and hence please do send us your comments and additions to this paper.

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