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NCLC submitted comments on HUD's proposed rule to amend the regulation on the mandatory meeting that mortgage servicers must have with borrowers early in the default process.
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amend the regulation on the mandatory meeting that mortgage servicers must have with borrowers early in the default process.
Read More about Group Letter Commenting on HUD's Proposed Rule on Borrower Engagement
This letter follows up on the joint August 24, 2023 letter to HUD on partial claim eligibility.
Read More about Follow-up Letter to FHA Regarding ML 2023-03
This letter asks HUD to expand eligibility requirements for the partial claim to borrowers who have quickly recovered from their hardship.
Read More about Joint Letter to HUD Regarding Partial Claim Eligibility
The letter, joined by sixty-three non-profit organizations, supports HUD’s proposed Payment Supplement Partial Claim program as a necessary innovation to provide FHA-insured borrowers who have fallen behind on their loans with the payment relief needed to help them avoid foreclosure.
In these comments, the National Consumer Law Center and the Center for Responsible Lending provided detailed comments to HUD’s proposed Payment Supplement Partial Claim program, which will help borrowers avoid unnecessary foreclosure.
Read More about NCLC and CRL Comments to HUD's Proposed Payment Supplement Partial Claim