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Joint comments on proposed interagency guidance regarding how financial institutions should handle reconsideration of valuation requests (more commonly known as ROVs) and consumer complaints about appraisals.
The National Consumer Law Center urges the Bureau to modify the mortgage servicing rules in Regulation X, 12 C.F.R. Part 1024, to provide consistent, fair, and transparent protections to borrowers across the mortgage market. NCLC requests that the Bureau remove the HELOC exemption from Regulation X sub-part C; remove the reverse mortgage exemption from Regulation…
The Underserved Mortgage Markets Coalition (UMMC) represents 30 national affordable housing organizations which are firmly committed to working with FHFA and the GSEs to increase affordable housing of all types in underserved markets. The coalition offers these policy recommendations to allow the GSEs to increase affordable housing opportunities and further the public’s understanding of their…
Read More about Letter to FHFA Director Sandra Thompson from Underserved Mortgage Markets Coalition
NCLC and NHLP submitted comments in strong support of the CFPB’s proposed consumer protection regulations for PACE loans, with recommendations to strengthen the proposal and help it more fully meet its goals.
Americans for Financial Reform Education Fund, along with 20 organizations in the housing, consumer protection, climate and environmental justice, and community investment spaces, submitted comments on the Consumer Financial Protection Bureau (CFPB)’s proposed rule on residential Property Assessed Clean Energy (PACE) financing. The comment urges the CFPB to finalize this rule swiftly to protect consumers.…
Read More about Americans for Financial Reform Coalition Comment to CFPB on PACE Rulemaking
Comments have been submitted on behalf of civil rights and consumer advocacy organizations in support of the Federal Housing Finance Agency's notice of proposed rulemaking on Equitable Housing Finance and Fair Lending Supervision.