Group Letter Urging Federally-Backed Investors & the CFPB to Improve Communications for Borrowers with Home Equity
A group of representatives from consumer advocacy, civil rights, and housing industryorganizations met to discuss an emerging issue. Namely, the rise in home prices over the last several years has resulted in positive equity for many homeowners, including borrowers who are delinquent and could possibly benefit from a retail sale of the property in lieu…