Mortgage Servicing & Foreclosures Archives

CFPB and DOJ Sue Predatory Mortgage Lender for Reverse Redlining, Exploiting Consumers With Limited English Proficiency

December 21, 2023

DOJ and CFPB jointly sue Colony Ridge for operating an illegal land sales scheme that targeted low-income Hispanic consumers.

Joint Industry Advocacy Letter on the Veterans Assistance Servicing Purchase Program

December 14, 2023

This is a joint letter between consumer groups and mortgage industry trade associations urging VA to adopt a system of targeting payment relief for its upcoming VA Servicing Purchase (VASP) program.

VA Foreclosure Pause Will Prevent Thousands of Veteran Foreclosures

November 20, 2023

The U.S. Department of Veterans Affairs called on mortgage servicers to pause foreclosures until May 31, 2024.

Policy Reform Post-Tyler v. Hennepin County: Preserving Homeownership, Preventing Vacancy, and Reducing Legal Risk

December 5, 2023

Watch the recorded webinar for an expert discussion of potential policy reforms that can help to address Tyler issues and create more equitable outcomes for individuals, neighborhoods, and cities.

Watch Recording Read More about Policy Reform Post-Tyler v. Hennepin County: Preserving Homeownership, Preventing Vacancy, and Reducing Legal Risk

What States Can Do to Reduce Property Tax Foreclosures

October 10, 2023

As homeowners struggle to recover from the pandemic and deal with soaring inflation, some risk losing their homes to a strict and often rapid tax lien foreclosure process.

Group Letter Commenting on HUD's Proposed Rule on Borrower Engagement

September 29, 2023

amend the regulation on the mandatory meeting that mortgage servicers must have with borrowers early in the default process.

Comment on HUD's Proposed Rule on Borrower Engagement

September 29, 2023

NCLC submitted comments on HUD's proposed rule to amend the regulation on the mandatory meeting that mortgage servicers must have with borrowers early in the default process.

Follow-up Letter to FHA Regarding ML 2023-03

September 25, 2023

This letter follows up on the joint August 24, 2023 letter to HUD on partial claim eligibility.

Letter to FHFA Director Sandra Thompson from Underserved Mortgage Markets Coalition

August 16, 2023

The Underserved Mortgage Markets Coalition (UMMC) represents 30 national affordable housing organizations which are firmly committed to working with FHFA and the GSEs to increase affordable housing of all types in underserved markets. The coalition offers these policy recommendations to allow the GSEs to increase affordable housing opportunities and further the public’s understanding of their…

Preventing Tax Foreclosures for Older Adults: Accessing Tax Relief Options

September 26, 2023

This National Center on Law & Elder Rights training will focus on one of the most important ways to prevent tax foreclosure: ensuring that low-income and older homeowners have access to all available exemptions and discounts. Many older adults who are at risk of tax foreclosure have not taken advantage of all the existing tax…

Joint Industry and Advocacy Letter to VA on Refund Program

August 31, 2023

NCLC joined with mortgage industry trade associations to urge VA to create a public process for commenting on their program to provide assistance to VA borrowers.

Joint Letter to HUD Regarding Partial Claim Eligibility

August 24, 2023

This letter asks HUD to expand eligibility requirements for the partial claim to borrowers who have quickly recovered from their hardship.

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