Mortgage Servicing & Foreclosures Archives

Advocates Applaud Passage of $1.9 Trillion COVID-19 Economic Stimulus to Help Americans but Congress Must Ensure EIPs Feed Families, Not Debt Collectors

March 10, 2021

FOR IMMEDIATE RELEASE: MARCH 10, 2021 Washington, D.C. – Advocates at the National Consumer Law Center praised Congress for passing the $1.9 trillion American Rescue Plan Act of 2021 to help struggling families. But they noted that more needs to be done, especially to address the immediate risk, if Congress does not act quickly, that…

Advocates Applaud Senate Bill Fund to Help Millions of Families Keep Their Homes; Urge Inclusion In COVID Stimulus Bill

February 5, 2021

FOR IMMEDIATE RELEASE: FEBRUARY 5, 2021 Housing and Civil Rights Groups Call for Homeowner Assistance Fund to Avoid New Wave of Foreclosures and Devastating Effects for Communities of Color Today, leading housing and civil rights groups applauded Senator Jack Reed’s reintroduction of the Homeowner Assistance Fund bill as Congress and the Biden administration consider the…

Leading Civil Rights Groups Commend President Joe Biden’s Executive Action to Advance Fair Housing and Racial Equity

January 26, 2021

FOR IMMEDIATE RELEASE: January 26, 2021 Washington, D.C. — Today, leading civil rights groups commended President Joe Biden for taking action to advance racial equity for Americans in the first days of his term. The civil rights community asked the Biden-Harris Administration to take this critical step — to name racial justice as a key pillar of…

Important Wins, but Unmet Needs, in New Stimulus Package

December 22, 2020

New stimulus checks, broadband access and rental aid welcome, but foreclosure and student loan relief absent WASHINGTON, DC – Advocates welcomed the new stimulus bill passed by Congress last night, but warned that it has critical gaps that should be immediately filled by the incoming Biden Administration. “The new $600 stimulus payment, broadband aid, low-income…

CFPB Revamp of Mortgage Rules Will Protect Lenders from Legal Liability for Peddling Unaffordable Loans, Increase Foreclosures, and Create Instability in the Mortgage Market

December 10, 2020

FOR IMMEDIATE RELEASE: December 10, 2020 Washington, D.C. – Today, the Consumer Financial Protection Bureau (CFPB or Bureau) released two final rules revising the standards for determining a borrower’s ability to repay a mortgage and further limiting lender liability despite the lessons of the previous financial crisis, which led to millions of unnecessary foreclosures. By…

HUD Guts Civil Rights Rule Used to Address Systemic Discrimination in the Housing Market on the Dawn of an Eviction and Foreclosure Crisis

September 8, 2020

FOR IMMEDIATE RELEASE: September 8, 2020 National Consumer Law Center contacts: Jan Kruse ([email protected]) or Odette Williamson ([email protected]) National Consumer Law Center Advocates Urge HUD to Reverse Course and Restore Key Civil Rights Protections Washington, D.C. – In a continuing campaign to weaken civil rights protections, the U.S. Department of Housing and Urban Development (HUD)…

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