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Raleigh, N.C. — UNC Center for Community Capital Director Roberto Quercia testified today before a N.C. General Assembly committee about the results of the Center’s research on the impact of counseling in reducing home mortgage foreclosures.

“The research indicates that quality counseling reduces default and foreclosure risks and, as such, it should be an integral part of such a response,” Quercia told members of the N.C. House of Representatives Select Committee on Rising Home Foreclosures. “This means that with counseling, borrowers are more likely to be able to stay in their homes and financial institutions are likely to resolve problems faster and with a lower incidence of borrower relapsing.”

The committee is examining the usefulness of counseling as a means of reducing home foreclosures and invited Quercia to testify after committee members raised several questions about the usefulness of counseling in reducing foreclosures.

Quercia shared highlights of several Center studies, “Post-purchase Counseling and Default Resolutions among Low- and Moderate-Income Borrowers,” “The Effectiveness of Community Based Foreclosure Prevention” and “The Promise of Post-Purchase Services.” In these studies, Center researchers found that proactive, well-timed counseling offered by well-trained counselors minimizes the likelihood of home loss and reduces costs to all stakeholders.

Home ownership finance is a key area of research and analysis 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. The Center’s in-depth analyses help policymakers, advocates and the private sector find sustainable ways to expand economic opportunity to more people, more effectively. For more information, visit

Topics(s): Affordable Homeownership, Default, Bankruptcy, & Foreclosure, Mortgage Finance
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