Alys Cohen, Director of Federal Housing Advocacy at the National Consumer Law Center (NCLC) testified on behalf of the low-income clients of NCLC regarding the VA Home Loan Guaranty Program. NCLC supports the goal of promoting affordability for Veteran homeowners, and recognizes the key role the VA Home Loan Program plays in providing housing stability…
NCLC’s Alys Cohen Urges VA To Take Steps to Keep Veterans in Their Homes
The rights of homeowners facing financial hardship to modify their FHA-insured mortgage payments are of special significance.
Read More about Digital Library: Seven Key Changes to the FHA Waterfall
This letter urges HUD to retain policy on the use of third-party vendors in order to avoid misalignment of servicer incentives.
Kim Robinson, Bradley Skougard, Desiree Skougard, Tammy Santorii, Arthur Whitney, Michelle Hinds, and Bradley Hinds, on behalf of themselves and all others similarly situated v. D.R. Horton, Inc., & DHI Mortgage Company, Ltd., 6:25-cv-01904 (D. Nev.) This class action lawsuit seeks nationwide relief from a deceptive home-selling and financing scheme employed by D.R. Horton Inc.,…
Read More about Robinson et al v. D.R. Horton, Inc., and DHI Mortgage Company, Ltd.
NCLC provided comments to the Department of Housing and Urban Development (HUD) describing the importance of the federally-insured reverse mortgage program for older adults living on limited income. Federally insured reverse mortgages are a much safer option for older homeowners than alternative “equity release” products being sold by private investors with little to no government…
Frankie Santiago, Nicole Nerohna, Joseph Neronha, Maria Neronha & Onny Jules, on behalf of themselves and all others similarly situated v. D.R. Horton, Inc., & DHI Mortgage Company, Ltd., 6:25-cv-01904 (M.D. Fla.) This class action lawsuit seeks relief from a deceptive home-selling and financing scheme employed by D.R. Horton Inc., the nation’s largest homebuilding company,…
Read More about Santiago v. D.R. Horton, Inc., and DHI Mortgage Company, Ltd.
Patricia Gout, on behalf of herself and all others similarly situated v. Unison Agreement Corp., Unison Investment Management, LLC, and Real Estate Equity Exchange, Inc., CGC-25-629062 (Cal. Super. Ct.) This class action complaint seeks relief for California borrowers against predatory mortgage lender Unison Agreement Corp. and its affiliates. The case asserts that the defendants dupe…
The letter urges the agencies to preserve the 2024 regulation prohibiting “disparate impact” discrimination (2023 Disparate Impact Rule), which appropriately ensures that landlords, lenders, and others use the fairest policy available to provide housing and lending opportunities for all. Without any public notice and comment, HUD has sent a “Final Rule” entitled “HUD’s Implementation of…
Read More about Coalition letter to HUD and OMB Opposing Weakening of Disparate Impact Rule
We support HUD’s ongoing commitment to sustainable homeownership. As HUD notes, this mission is consistent with HUD’s core obligation of protecting the Mortgage Mutual Insurance Fund. Importantly, it also aligns with HUD’s statutory duty of “meet[ing] the housing needs of the borrowers that the single family mortgage insurance program under this subchapter is designed to…
Read More about NCLC Comment to HUD on Buy Now Pay Later Products
This comment letter makes suggestions to FHA’s proposed Equity Saver Sale (ESS) program in order to make it more efficient for FHA, borrowers, and mortgage servicers.
Read More about NCLC Comment to FHA's Equity Saver Sale (ESS) Proposal
This joint advocacy and industry letter supports FHA’s loss mitigation program.
Read More about Joint Advocacy/Industry Letter on FHA Loss Mitigation
