Advocates, Members of House Committee on Veterans’ Affairs Call on VA to Revive VASP Program
Abrupt End of Program to Help Veterans Avoid Foreclosure Leaves Them at Risk of Home Loss
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Abrupt End of Program to Help Veterans Avoid Foreclosure Leaves Them at Risk of Home Loss
The letter raises substantial concerns about how recent actions at FHFA and HUD are worsening our housing crisis – despite public commitment from leadership to address it.
Read More about Coalition Letter to FHFA, HUD and the U.S. Treasury Department on the Housing Crisis
Veterans Affairs Servicing Purchase Program Provided ‘Last Resort’ for Veterans, Congress Must Act Quickly to Fill the Gap
Read More about Abrupt End of VASP Program Leaves Veterans, Families at Risk of Home Loss
The lack of housing supply is a significant issue and presents a barrier to homeownership. However, housing supply is only one half of the housing crisis problem; the other half is affordability. Homeownership rates will not increase, no matter how many new homes are built, if these homes are too expensive for consumers to purchase.…
Hodges v. NewRez, LLC d/b/a Shellpoint Mortgage Servicing and The Bank of New York Mellon, 1:25-cv-10147 (D. Mass.) The case seeks classwide relief against mortgage servicer NewRez, LLC, and loan holder Bank of New York Mellon for their mishandling of “zombie” second mortgages. The complaint alleges that the defendants failed, as a matter of systematic…
The NCLC Zombie Mortgage Checklist provides suggestions for gathering information and documents to help determine if an advocate’s client has a zombie second mortgage and if there may be claims against the lender or servicer that would enable a client to challenge the foreclosure, negotiate an affordable loan modification, and obtain other relief to allow…
Read More about Checklist for Identifying a Zombie Second Mortgage