Washington, D.C. – As communities across the country struggle to find ways to deal with the impact of the foreclosure crisis, the practice of foreclosure mediation intervention is gaining popularity.
UNC Center for Community Capital Director Roberto G. Quercia discussed the latest research findings and lessons learned about best mediation practices at “Foreclosure Mediation Programs: A Workshop to Discuss Emerging Research and Evaluation Practices,” a March 7 forum hosted by the Access to Justice Initiative at the U. S. Department of Justice.
The Access to Justice Initiative focuses on improving access to justice for all Americans, regardless of status, income or wealth. Among its projects is one to promote foreclosure mediation programs that provide alternatives to foreclosure that benefit both the homeowner and the lender.
Mortgage finance is a key area of focus for the UNC Center for Community Capital, the leading center for research and policy analysis on the transformative power of capital on households and communities in the United States. Part of the College of Arts and Sciences at the University of North Carolina at Chapel Hill, the center offers data and analysis that helps policymakers, advocates and the private sector find sustainable ways to expand economic opportunity to more people more effectively. For more information, visit www.ccc.unc.edu or call (919) 843-2140.
Topics(s): Affordable Homeownership, Default, Bankruptcy, & Foreclosure, Mortgage Finance