Mortgage Servicing & Foreclosures Archives

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Letter to Congress Regarding Support for Mortgage Provisions of the HEROES Act

July 28, 2020

The undersigned consumer, civil rights, community, housing, labor, and other public interest organizations write to urge Congress to include mortgage protections in the next recovery package or other upcoming COVID-19 legislation.

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Joint Letter to HUD Requesting an Extension for Comments on FHA Defect Taxonomy for Servicing Loans

November 19, 2021

Letter urging HUD to delay by 120 days the December 27, 2021 deadline for comments to the proposed FHA Defect Taxonomy for Servicing Loan Reviews.

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Joint Letter to HUD Advocating for Clarity in the Foreclosure Timelines

November 5, 2021

NCLC, Center for Responsible Lending (CRL), and Housing Policy Council letter to HUD re: Request for COVID-19 foreclosure timeline clarifications to promote modifications.

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IRS Guidance Stating That HAF Assistance Is Not Taxable Income

November 8, 2021

This revenue procedure addresses the Federal income tax treatment and information reporting requirements for payments made to or on behalf of financially distressed individual homeowners by certain entities with funds allocated from the Homeowner Assistance Fund (HAF), which was established in response to the coronavirus disease (COVID-19) pandemic.

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HUD Should Provide Additional COVID Loss Mitigation Options for HECM Borrowers

August 5, 2021

COVID Relief: Forward Mortgages vs. Reverse Mortgages (HECMs)

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Homeowners Need a Homeowner Assistance Fund and Additional Relief to Prevent a Coming Foreclosure Crisis

January 1, 2021

Several million homeowners are behind on their mortgages or are already in foreclosure as the nation continues to face a pandemic, with low-income communities and communities of color hit hardest. While currently available programs will help many homeowners avoid foreclosure, many other homeowners likely will lose their homes unless further steps are taken.

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All

Letter to Congress Regarding Support for Mortgage Provisions of the HEROES Act

Joint Letter to HUD Requesting an Extension for Comments on FHA Defect Taxonomy for Servicing Loans

Joint Letter to HUD Advocating for Clarity in the Foreclosure Timelines

IRS Guidance Stating That HAF Assistance Is Not Taxable Income

HUD Should Provide Additional COVID Loss Mitigation Options for HECM Borrowers

Homeowners Need a Homeowner Assistance Fund and Additional Relief to Prevent a Coming Foreclosure Crisis

Support NCLC