The Nonprofit Behind Billions in Mortgage Aid Is a Mess

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The Nonprofit Behind Billions in Mortgage Aid Is a Mess

The Nonprofit Behind Billions in Mortgage Aid Is a Mess

Bloomberg-

Hoping to deliver relief to Americans pounded by the financial crisis, the government has poured billions of dollars into a sort of Red Cross for homeowners.

NeighborWorks America, a nonprofit chartered by Congress, distributes much of that money to counseling groups that dispense mortgage advice and sometimes financial aid.

A close look at the group reveals a house in disorder — with sweetheart contracts, document fudging and unexplained departures of top officials.

[BLOOMBERG]

Photographer: Bilyana Dimitrova via Bloomberg

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