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	<title>Comments on: Mortgages &amp; Securitisation</title>
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	<description>We are a venture investor</description>
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		<title>By: J. Powers</title>
		<link>http://montrealstartup.com/blog/2007/02/23/mortgages-securitisation/comment-page-1/#comment-29</link>
		<dc:creator>J. Powers</dc:creator>
		<pubDate>Tue, 08 Jan 2008 20:33:45 +0000</pubDate>
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		<description>Check out the Neighborhood Assistance Corporation of America (NACA).  https://www.naca.com/index_main.jsp

They deliver subprime products (using funds set aside by larger commercial banks like Citi and BoA) to borrowers in need, but require that the borrowers attend financial education courses in order to get the money.  Their delinquency rate is about half of the national average (remember that NACA&#039;s portfolio is all subprime borrowers, while the nat&#039;l avg. includes subprime and prime).</description>
		<content:encoded><![CDATA[<p>Check out the Neighborhood Assistance Corporation of America (NACA).  <a href="https://www.naca.com/index_main.jsp" rel="nofollow">https://www.naca.com/index_main.jsp</a></p>
<p>They deliver subprime products (using funds set aside by larger commercial banks like Citi and BoA) to borrowers in need, but require that the borrowers attend financial education courses in order to get the money.  Their delinquency rate is about half of the national average (remember that NACA&#8217;s portfolio is all subprime borrowers, while the nat&#8217;l avg. includes subprime and prime).</p>
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