Published research on credit counseling and mortgage termination is surprisingly scarce, despite substantial growth in this industry. While the purpose of counseling is to help low-income borrowers to handle better debt, and thus prevent default, counseling could also improve these borrowers...

CDFI serve an important social function because by providing access to financial services to underserved low-income individuals and families. Understanding what governance mechanisms promote efficient use of scarce resources that these organizations possess matters because only sustainable...