Opinion of the Supreme Court of the United States in Obduskey v. Mccarthy & Holthus LLP NCLC submitted an amicus brief in support of the consumer’s argument that non-judicial foreclosures are covered under the FDCPA, clarifying that mortgages are debts, the law firm in question was a debt collector, and the letter in question was…
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The form written request copied below can be used to obtain from the servicer of the debtor’s mortgage information about the owner of the mortgage. This information is particularly useful in determining the proper party in foreclosure proceedings, for exercising rescission rights, for naming the proper party in bankruptcy lien strip off and claim objection…
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The U.S. Department of Housing and Urban Development’s Federal Housing Administration insures mortgage loans made by private lenders to encourage the lenders to make home loans to low- and moderate-income homeowners. Borrowers with FHA-insured mortgages who experience financial hardship during their mortgage term may be eligible for FHA’s loss mitigation program, which includes options, such as loan modifications, to enable them to save their homes.
Read More about Recommendations to Improve FHA’s Foreclosure Avoidance Program
Recommendations by Americans For Financial Reform Coalition for Treasury Department Implementation of the Homeowner Assistance Fund
CDFIs are uniquely suited to promote community development and expand financial inclusion.At times, however, we see CDFIs use “financial inclusion” as the central purported justificationfor permitting irresponsible lending practices, unreasonably high interest rates, and erosion oflongstanding consumer protections.
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When homeowners are struggling to make their mortgage payments after a major disaster, it is critical for their advocates to understand the different programs and protections enacted for their support. The majority of mortgage loans (three out of five) made in the United States are government-sponsored or government-insured, and, as a result, the rules governing…
Read More about Obtaining Mortgage Relief for Victims of Disasters: A Practice Guide for Advocates
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