Latest HUD Action Will Prevent Up-Charging in Reverse Mortgage Loans
Advocates Applaud HECM-For-Purchase Policy Change that Will Protect Older Borrowers
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Reforming Property Tax Foreclosure Laws to Promote Sustainable Homeownership
Property tax systems can foster sustainable homeownership, be fair and reasonable for property owners, and still provide the revenue needed for quality public services.
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Groups Celebrate Updated Energy Efficiency Rules for New U.S.-Backed Homes
Advocates and industry groups welcomed newly adopted energy codes today for federally supported homes across the country.
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ProPublica: New Legislation Would Expand Access to Disaster Relief, Provide Help With Titles for Large Number of Black Landowners
Appearing in ProPublica on April 23, 2024, Lizzie Presser covers the introduction of a legislative package on Tuesday that would expand heirs’ property owners’ access to disaster relief and provide assistance in clearing titles. Nketiah “Ink” Berko, an Equal Justice Works fellow, sponsored by the Rossotti Foundation, at the National Consumer Law Center, says that…
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NPR Morning Edition: VA fixes a home loan debacle, but many vets who were affected won't get help
Airing during NPR’s Morning Edition on April 23, 2024, Chris Arnold and Quil Lawrence talk to NCLC Senior Attorney Steve Sharpe for a segment on efforts to assist veterans at the highest risk of foreclosure–but it won’t help everyone. “Borrowers who are put into unaffordable modifications and default should be able to immediately access VASP……
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Nearly 300 Organizations and a Local Elected Official Urge Biden Administration to Immediately Release Fair Housing Rule
Groups implore White House to follow through on its commitments to create inclusive, resource-rich communities free of discrimination with the amenities everyone needs to thrive.
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Advocates Urge Biden-Harris Administration to Complete Important Work Reforming the Home Valuation Process to End Appraisal Bias
Advocates commend the Administration for its leadership in organizing the first-ever interagency task force focused on addressing appraisal bias.
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Coalition Letter to U.S. Census Bureau on National Housing Loss Rate
Coalition letter from affordable housing, civil rights, public data, community development and philanthropic organizations urging the U.S. Census Bureau to add questions that measure residential displacement to an existing survey, as a first step in establishing a national housing loss rate. A combined rate measuring foreclosures, evictions and other forms of home loss would serve…
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New VA Program to Provide Home Loan Assistance to Active-Duty Servicemembers and Veterans
The U.S. Department of Veterans Affairs' VA Servicing Purchase (VASP) program will help VA borrowers facing financial hardships avoid unnecessary foreclosures.
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CNN: 40-year mortgages offer a route to homeownership — at steep risk and cost
Appearing in CNN Underscored on April 8, 2024, Alaya Linton, Andrew Pentis, and Katie Lowery talk to Sarah Bolling Mancini about 40-year mortgages that make monthly payments smaller but increase the total cost of repayment. “In the first five or six years of a 30-year mortgage, almost all of the payment is going towards interest.…
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Letter to House Committee on Veterans' Affairs
This letter outlines VA's authority to create its VA Servicing Purchase program.
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Homeowners at Risk: Nationwide Survey Reveals Critical Gaps the CFPB Must Address to Prevent Foreclosures
The Consumer Financial Protection Bureau (CFPB) is currently working on a proposed regulation to update its mortgage servicing rule to permanently allow for streamlined loss mitigation reviews. The National Consumer Law Center (NCLC) conducted a nationwide survey in January 2024 to shed light on certain ongoing challenges that create an elevated risk of foreclosure. More…
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