Mortgage Servicing & Foreclosures Archives

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Support for the Improving Language Access in Mortgage Servicing Act of 2021

May 12, 2021

A coalition of organizations write to express our support for HR 3009, the Improving Language Access in Mortgage Servicing Act of 2021. LEP borrowers face many challenges that impede their full participation in the consumer marketplace, including, specifically, their ability to obtain and preserve ownership of a home. The Improving Language Access in Mortgage Servicing…

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Letter in support for Senate Bill 2131, the Improving FHA Support for Small Dollar Mortgages Act

June 24, 2021

A coalition of consumer and racial justice advocacy groups write in support of the Improving FHA Support for Small Dollar Mortgages Act, which addresses the need to increase access to sustainable mortgage lending for homebuyers who are buying homes with sale prices under $100,000. It has been well documented that banks are not currently serving…

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Stopping Foreclosures with the RESPA Servicing Rules

June 24, 2016

The Real Estate Settlement Procedures Act permits the borrower to demand that a mortgage servicer cancel or postpone a foreclosure sale when the servicer has initiated the foreclosure while still evaluating the borrower for loss mitigation options or during the 120-day pre-foreclosure waiting period.

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Slip Opinion in Obduskey v. Mccarthy & Holthus LLP

March 20, 2019

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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Single-Family Loan Sale Program: Advance Notice of Proposed Rulemaking and Request for Public Comment

May 31, 2019

On behalf of the clients and communities we represent, the undersigned organizations request that HUD extend the date for public comment on its recently released Advance Notice of Proposed Rulemaking (ANPR) on the Loan Sale Program until it has provided up-to-date information on the performance of the program, including both DASP and HECM sales, as…

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Single Family Housing Loan Quality Assessment Methodology Defect Taxonomy

June 28, 2019

Thank you for the opportunity to comment on the defect taxonomy for FHA servicing. We understand that HUD will use this defect taxonomy as a tool to evaluate lender and servicer compliance with their regulations, and our comments focus on the mortgage servicing components of the taxonomy.

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All

Support for the Improving Language Access in Mortgage Servicing Act of 2021

Letter in support for Senate Bill 2131, the Improving FHA Support for Small Dollar Mortgages Act

Stopping Foreclosures with the RESPA Servicing Rules

Slip Opinion in Obduskey v. Mccarthy & Holthus LLP

Single-Family Loan Sale Program: Advance Notice of Proposed Rulemaking and Request for Public Comment

Single Family Housing Loan Quality Assessment Methodology Defect Taxonomy

Support NCLC