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The Homeowner Crisis Resource Center was established in October 2007 by the National Foundation for Credit Counseling (NFCC) to help homeowners who find themselves at risk of losing their homes due to foreclosure or are concerned about their future ability to meet mortgage payment obligations. At the end of the second quarter of 2007, more than 900,000 subprime loans were at least 30 days delinquent. Current trends suggest that there will be just over 1 million foreclosure starts this year. Experts say that 2 million subprime mortgages will reset to higher rates in the next 18 months[1].

The NFCC Homeowner Crisis Resource Center provides homeowners with the following:

  • Direct access to certified, government-authorized housing counselors through a toll-free hotline (866) 557-2227 or an online locator at the Web site
  • A self-diagnostic test, the Mortgage Reality Check, to help homeowners assess their situation and provide steps if it shows that they may be at risk
  • Additional information and financial tools, including resources about foreclosure options and contacting lenders or loan servicers.

The National Foundation for Credit Counseling has the largest national network of nearly 1,000 nonprofit, community-based offices and more than 1,200 certified housing counselors to assist homeowners.


  1. "Remarks by Secretary Henry M. Paulson, Jr. on Current Housing and Mortgage Market Developments Georgetown University Law Center". 2007-10-17. Retrieved 2007-10-24.

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