NCLC and CRL submitted comments in response to FHA’s draft handbook that support that draft and offer areas for improvement.
Read More about NCLC/CRL Comments in Response to Draft Handbook 4000.1
In this letter, consumer advocates and mortgage industry trade associations support HUD’s draft loss mitigation waterfall and make suggestions for improving it.
Read More about Joint Industry and Advocacy Comment on Draft FHA Handbook
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
We support the important protections HUD has put into place to help avoid unnecessary foreclosures for loans that may be sold in bulk sales of FHA-insured loans.
This letter responds to HUD’s proposed policy updates regarding meetings with borrowers in default in connection with its revision of 24 CFR 203.604.
Read More about Comments on HUD's Handbook for Modernization of Engagement with Borrowers in Default
NCLC submitted comments on HUD’s revised version of the Defect Taxonomy, which is a document that will be used when HUD assesses servicer compliance with FHA-insured rules.
NCLC, CRL and HPC write to urge FHA to consider adjusting the FHA Streamline Refinance program to allow closing costs to be rolled into the principal balance of the new loan. When paired with our recommendations for enhanced borrower protections for the program, this adjustment would enable more borrowers, particularly low-to-moderate income (LMI), Black, and…
In this letter, NCLC and CRL propose how FHA should shape its system for helping borrowers avoid foreclosure.
Read More about NCLC and CRL Proposal for FHA Loss Mitigation
In these comments, the National Consumer Law Center and the Center for Responsible Lending provided detailed comments to HUD’s revision of its Payment Supplement Partial Claim program, which will help borrowers avoid unnecessary foreclosure. See here for the comments submitted on the prior version of HUD’s Payment Supplement Partial Claim.
Read More about Updated NCLC and CRL Comments on HUD's Payment Supplement Partial Claim
The 78 undersigned affordable housing, consumer, health, energy efficiency, environmental, andbusiness organizations urge the FHFA to require that all mortgages for new homes backed by theGovernment Sponsored Enterprises (Enterprises) meet the energy code requirements currentlyproposed by the Department of Housing and Urban Development (HUD) and the U.S. Department ofAgriculture (USDA) for their mortgage products.
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
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.
Read More about Comment on HUD's Proposed Rule on Borrower Engagement