This letter outlines VA's authority to create its VA Servicing Purchase program.
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…
NCLC Housing Expert Testifies before House Committee on Veterans’ Affairs, Highlights Need for Additional Mortgage Relief Options for Military Veterans
Testimony of Steve Sharpe Before U.S. House Committee on Veterans’ Affairs Regarding the State of the U.S. Department of Veterans Affairs (VA) Home Loan Guaranty Program
Steven R. Sharpe, Senior Attorney, National Consumer Law Center, testified on behalf of its low-income clients during “Sink or Swim? A Deep Dive into the Current State of VA’s Home Loan Program in a Competitive Market” before the United States House Committee on Veterans’ Affairs, Subcommittee on Economic Opportunity. We applaud VA for recognizing the…
Keeping it in the Family: Legal Strategies to Address the Challenge of Heirs Property and Prevent Home Loss
This report highlights and evaluates the efficacy of various laws and policies aimed at helping owners of heirs property, a significant driver of land loss in communities of color.
A new report looks at reducing the racial wealth gap by slowing the rate of home loss in communities of color through heirs property.