Mortgage Servicing & Foreclosures Archives

Coronavirus Emergency: Mortgage Relief for Consumers - How States Can Help

October 13, 2020

The federal CARES Act provided much-needed relief for certain borrowers who could not make their monthly mortgage payments. The Act allowed borrowers who were experiencing a financial hardship due to COVID–19 to pause mortgage payments for up to 12 months. These forbearance plans however only covered federally backed mortgages (Fannie Mae, Freddie Mac, FHA, USDA,…

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

September 23, 2022

Non Judicial Foreclosure State