Mortgage Servicing & Foreclosures Archives

What Consumers Need to Know About Covid-19 Mortgage Relief

April 21, 2020

Federal and states government have announced measures to assist millions of Americans facing an inability to make their monthly mortgage payments due to the COVID-19 emergency. You should pay your mortgage if you can afford it. If you cannot make a mortgage payment, relief may be available. Under federal law, a servicer cannot start the…

Comments to the White House on Equitable Data Engagement and Accountability

October 3, 2022

Group comments to the White House re: Docket No. 2022-19007 Request for Information; Equitable Data Engagement and Accountability.

Letter to HUD Regarding Defect Taxonomy

July 5, 2022

Center for Responsible Lending, National Consumer Law Center (on behalf of its low-income clients), National Fair Housing Alliance, and National Housing Conference share reactions to the Defect Taxonomy straw proposal that the Housing Policy Council (HPC) sent to HUD on May 12, 2022. We think an effective defect taxonomy can be a critical tool in…

Coalition Letter to the CFPB Regarding "Zombie" Second Mortgages

September 27, 2022

On behalf of the low-income clients and communities we represent, the undersigned organizations urge the Bureau to take swift action against the loan holders, debt collectors, and mortgage servicers that are violating the Fair Debt Collection Practices Act (FDCPA), the Real Estate Settlement Procedures Act(RESPA) and the Truth in Lending Act (TILA) in their handling…

Model Foreclosure Mediation/Diversion Statute

Non Judicial Foreclosure State

Model Foreclosure Mediation/Diversion Statute

Judicial Foreclosure State

Supplemental Comments to the Federal Reserve Regarding the LIBOR Act

September 19, 2022

00-AG34 submitted by the Structured Finance Association and the National Consumer Law Center (on behalf of our low-income clients).

NCLC Comments to the Advisory Committee on Bankruptcy Rules Concerning Proposed Changes to the Mortgage Claim Rule

February 15, 2022

The National Consumer Law Center,1 on behalf of its low-income clients, submits these comments to the proposed amendments to Bankruptcy Rule 3002.1 and new Official Forms.

Model State Law on Mortgage Servicing

January 10, 2011

An outline

Survey of State Foreclosure Laws

Foreclosure report by state.

Group Letter Urging Federally-Backed Investors & the CFPB to Improve Communications for Borrowers with Home Equity

August 31, 2022

A group of representatives from consumer advocacy, civil rights, and housing industryorganizations met to discuss an emerging issue. Namely, the rise in home prices over the last several years has resulted in positive equity for many homeowners, including borrowers who are delinquent and could possibly benefit from a retail sale of the property in lieu…

Ensuring Access to Sustainable Homeownership: 2022 Priorities

March 1, 2022

As the effects of the COVID-19 economic crisis continue, foreclosure prevention and accessible lending are key housing priorities for 2022. Mortgage market data demonstrate the need for stronger policies.