WASHINGTON (8/22/12)--The U.S. Treasury's Community Development Financial Institution (CDFI) Fund has added a new Foreclosure Solutions Resource Bank to its homepage.
The webpage includes reference materials and information on foreclosure prevention training for financial institution staff. The training resources include links to e-learning courses and government-run training programs.
The resources, which were compiled with the help of NeighborWorks America, will help financial institutions improve their understanding of foreclosure intervention counseling and learn how to effectively implement a counseling program in their communities, the CDFI Fund said.
The new page "will be an essential tool for CDFIs navigating the intricacies of foreclosure intervention," the CDFI Fund added in a release.
The CDFI Fund as part of its mission helps locally based financial institutions offer small business, consumer and home loans in communities and populations that lack access to affordable credit. Credit unions that are certified to take part in the CDFI program may apply for as much as $2 million in funding to help maintain their credit union's presence in the community. CDFI fund distributions are merit-based.
For the CDFI Fund release, use the resource link.