A significant number of homeowners do not have a deed in their name, which puts them at risk of losing their home to a variety of threats. Tangled title situations can occur when homes are passed on from generation to generation without a will or without the filing of a probate petition. Sometimes, even when…
Read More about Digital Library: Homeowner Tactics to Overcome Problems with Tangled Titles
FHA’s 203(k) program enables individuals and families to finance and rehabilitate an aged home. In this high-demand housing market, changes to the 203(k) could increase the utilization of this loan program, especially among prospective first-time homebuyers.
WASHINGTON – The Federal Housing Finance Agency’s (FHFA) proposed rule to codify several existing measures to ensure a fair and accessible housing finance system will require housing giants Fannie Mae and Freddie Mac (the Enterprises) to collect and report information about mortgage applicants’ language preference, according to Americans for Financial Reform Language Access Task Force…
The Summer Mortgage Conference will feature sessions on post-pandemic loss mitigation options, RESPA caselaw updates, and a variety of hot topics in the representation of homeowners.
Comments submitted on behalf of civil rights and consumer advocacy organizations regarding the request for public input issued by the Financial Access and Education Subcommittee of the White House Task Force on New Americans. The consumer groups urge the Financial Access and Education Subcommittee to incorporate policies that would explicitly expand language access within the…
The undersigned civil rights and consumer advocacy organizations write to explain why we are at this time declining the invitation to join The Appraisal Foundation’s (TAF’s) Council to Advance Residential Equity (“Council”). Recent research and news stories highlight how appraisal bias impacts consumers and communities of color and exacerbates the racial wealth gap, which means…
The groups strongly support HUD’s plan to issue guidance on ROVs, but the proposed Mortgagee Letter needs substantial improvement. It should be revised to provide clear, strong standards for mortgagees and a uniform ROV disclosure for borrowers. Comments submitted by: Consumer Action, Long Island Housing Services, Inc., Mountain State Justice, Inc., NAACP Legal Defense and…
Government-Sponsored Enterprises (GSEs) Undercut Goals of Expanding Homeownership Through Bulk Sales of Homes to Investors WASHINGTON – Today, the National Consumer Law Center released a report examining how Fannie Mae’s and Freddie Mac’s bulk sale of 700,000 home loans to private investors has undercut their goals of supporting and expanding homeownership. Fannie Mae and Freddie…
Read More about Fannie Mae/Freddie Mac Note Sales Undermine Homeownership
A Call for Reform By: Andrea Bopp Stark, Alys Cohen, Steve Sharpe, Geoff Walsh Congress has charged the housing giants Fannie Mae and Freddie Mac (the government-sponsored enterprises or GSEs) with the goals of supporting and expanding homeownership. Yet, during the COVID-19 pandemic, the Federal Housing Finance Agency (FHFA), Fannie and Freddie have undercut—and continue…
Read More about Report: How GSE Note Sales Undermine Homeownership
Please support NCLC's work to advance consumer rights and economic justice with a tax-deductible contribution today!
Donate
