Last week Marc Guimond dropped a mind grenade in the comments that I just got around to. Susan Keating, NFCC President, has thrown a temper tantrum about the Homeownership Preservation Foundation, complaining that the "the HPF has been extremely aggressive in their efforts to force agencies to join their NFMCP intermediary." They think the HPF is attempting to gain a monopoly over housing counseling.
If you know anything about the NFCC and the credit counseling industry, this line of argument is hilarious. As Mark put it in his comment:
Susan Keating of the NFCC is complaining about referral services and mandatory membership in an organization????
Don't believe a word of this nonsense from the NFCC. It's pathetic; sour grapes. The NFCC wants to be the only Sheriff in town. This complaint has nothing to do with serving homeowners or consumers; it's about the NFCC wanting total control of the industry. Period. And they're not content to gain the control they so desperately crave by simply being excellent; no, they're threatening to demand government oversight hearings to crush their enemies. This from the same organization that's been fending off those kinds of threats from consumer law groups and anti-bankruptcy reform activists for years.
If they wanted a seat at this table, they should have been way out in front of the housing situation the way the HPF was. The HPF was committed to this work years before the current troubles in the housing market; they didn't just suddenly decide to help homeowners because it would get them good press. If the NFCC truly put the needs of consumers and homeowners first, they would have been more directly involved in homeownership preservation much sooner, before there was government money being thrown at the problem.
The NFCC is pathetic.