Homeowners who received foreclosure counseling through the federally funded National Foreclosure Mitigation Counseling program obtained loan modifications that resulted in significantly lower monthly mortgage payments than they would have received without counseling, according to NeighborWorks America. The program has helped reduce borrowers’ monthly payments on their homes by an average of $2,100 in annual savings for each counseled homeowner. This represented more than $372 million in annual savings to homeowners who received...