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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
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.…
These comments respond to proposed amendments to the Massachusetts Division of Banks (DOB) debt collection and mortgage servicing regulations. The comments raise concerns about DOB’s proposal to replace existing regulations with federal debt collection regulations (Regulation F) and to exempt “passive debt buyers.” The comments also propose suggestions to strengthen the DOB’s mortgage servicing regulations.
NCLC supports HUD’s proposal to require servicers to provide partial claim information in connection with a request for a mortgage payment.
Read More about Comments to HUD's Proposed Guidance on Partial Claims and Payoffs
This RESPA comment, with three appendices, generally supports and provides detailed feedback on the Bureau’s proposals to streamline loss mitigation procedures and to expand language access in mortgage servicing. It shares results of two related NCLC surveys of advocates and also supports providing stronger protections for successors in interest and for those with “zombie” second…
This coalition letter supports the Bureau’s efforts to streamline loss mitigation for mortgage borrowers and makes specific recommendations to improve the proposed RESPA rule. It also supports improving protections for successors in interest and those with zombie second mortgages and other home equity lines of credit.
Read More about Coalition Letter to CFPB on Streamlining of Mortgage Servicing