Around election time, politicians like to talk-the-talk about the importance of small businesses to economic vitality. Often overlooked in the rhetoric is the contribution of new non-profit organizations to regional economies. Non-profits have the same ability to attract outside capital through donations and grant awards, increase employment, and produce a ripple effect of economic activity [...]
Freddie Mac, Non-Profit Groups Team Up to Help Discouraged Borrowers Pursue Loan Modifications
02/16/2010 By Leave a Comment
Freddie Mac and 13 national and local non-profit organizations today announced a pilot effort to convince discouraged delinquent borrowers to pursue mortgage workouts that can save their homes and steer clear of foreclosure. Freddie Mac’s new Borrower Help Centersin Chicago, Phoenix, San Bernardino and Washington, DC are designed to provide free, confidential one-on-one “holistic” mortgage [...]
Not For profit Fundraising Downturn
10/27/2008 By Leave a Comment
Not for profit organizations both large and small from wall street to main street are feeling the impact on donations and fundraising as a result of the national current economic climate.The financial pinch will only deepen in the coming months given the potential of a Global recession now taking shape. The potential impact is just [...]
Not for profit sector and economic down turn
10/21/2008 By Leave a Comment
The current economic downturn is a bloated up financial crisis caused by the erroneous banking system. The banks refuse to take measures beyond the so-called ‘light touch regulation’. As their regulatory authority is being constantly challenged, they have begun to aggressively embrace newer methods of funding the failed mortgage lending. These complex financial instruments have [...]