New VA Program to Provide Home Loan Assistance to Active-Duty Servicemembers and Veterans
The U.S. Department of Veterans Affairs' VA Servicing Purchase (VASP) program will help VA borrowers facing financial hardships avoid unnecessary foreclosures.
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CNN: 40-year mortgages offer a route to homeownership — at steep risk and cost
Appearing in CNN Underscored on April 8, 2024, Alaya Linton, Andrew Pentis, and Katie Lowery talk to Sarah Bolling Mancini about 40-year mortgages that make monthly payments smaller but increase the total cost of repayment. “In the first five or six years of a 30-year mortgage, almost all of the payment is going towards interest.…
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Coalition Letter to U.S. Census Bureau on National Housing Loss Rate
Coalition letter from affordable housing, civil rights, public data, community development and philanthropic organizations urging the U.S. Census Bureau to add questions that measure residential displacement to an existing survey, as a first step in establishing a national housing loss rate. A combined rate measuring foreclosures, evictions and other forms of home loss would serve…
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Advocates Urge Biden-Harris Administration to Complete Important Work Reforming the Home Valuation Process to End Appraisal Bias
Advocates commend the Administration for its leadership in organizing the first-ever interagency task force focused on addressing appraisal bias.
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Letter to House Committee on Veterans' Affairs
This letter outlines VA's authority to create its VA Servicing Purchase program.
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Homeowners at Risk: Nationwide Survey Reveals Critical Gaps the CFPB Must Address to Prevent Foreclosures
The Consumer Financial Protection Bureau (CFPB) is currently working on a proposed regulation to update its mortgage servicing rule to permanently allow for streamlined loss mitigation reviews. The National Consumer Law Center (NCLC) conducted a nationwide survey in January 2024 to shed light on certain ongoing challenges that create an elevated risk of foreclosure. More…
