Where Is the Funding for Nonprofit Housing Counseling?

by Rick Cohen, NonProfit Quarterly
Thursday, January 19th, 2012

The news is stunning. At the end of 2011, approximately four years since the crescendo of the mortgage foreclosure crisis, the U.S. Department of Justice (DOJ) has reached a settlement with Bank of America (BofA) concerning discriminatory lending practices by the BofA unit that used to be Countrywide Financial Corporation. In 2008, Bank of America acquired Countrywide and they have been paying for it in penalties and fees ever since, cleaning up the mess of failing mortgages and displaced home purchasers that Countrywide left behind. 


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