The consumer protection document concerning planned PACE loans in Ohio leaves many significant gaps: No clear enforcement and no consumer remedies, Underdeveloped ability to pay standard, Vague contractor requirements, Insufficient right to cancel and disclosures, No standard for effective energy efficiency improvements.
Group letter to support the CFPB's proposed rule to delay the mandatory compliance date of the revised Qualified Mortgage (QM) definition to October 1, 2022
Letter to Lender Placed Insurance Model Act (C) Working Group re: Real Property Lender Placed Insurance Model Act
Read More about Letter to David Altmaier in Support of the Center for Economic Justice's Comments
Several million homeowners are behind on their mortgages or are already in foreclosure as the nation continues to face a pandemic, with low-income communities and communities of color hit hardest. While currently available programs will help many homeowners avoid foreclosure, many other homeowners likely will lose their homes unless further steps are taken.