Joint comments were filed by NCLC, other consumer groups, and others on problems with the NAIC’s proposed model state law for regulating private mortgage insurance, drafted by the Center for Economic Justice
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Co-published with The Dallas Morning News and Shelterforce and appearing in ProPublica on May 11, 2023, Anjeanette Damon, Byard Duncan and Mollie Simon detail a ProPublica investigation that found HomeVestors franchisees used deception and targeted the elderly, infirm, and those close to poverty and quotes NCLC’s Sarah Bolling Mancini. “If your business model is convincing homeowners to sign…
Read More about ProPublica: The Ugly Truth Behind 'We Buy Ugly Houses'
In the comment, NCLC urges FHFA to focus its social impact bond program on reducing the racial homeownership gap and on supporting expanded homeownership for other underserved communities.
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WASHINGTON— Nketiah “Ink” Berko, a former NCLC intern, will return to the National Consumer Law Center upon his graduation from Yale Law School as an Equal Justice Works fellow to spend two years advancing access to justice for underserved communities. Equal Justice Works, the nation’s largest facilitator of opportunities in public interest law, named Berko,…
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On behalf of NCLC’s low-income clients, NCLC responds to HUD’s planned revision of the face-to-face meeting regulation, 24 C.F.R. § 203.604, as indicated on the agency’s regulatory agenda. By ensuring that servicers make a significant attempt to discuss loss mitigation options with borrowers, 24 C.F.R. § 203.604 facilitates the effective communication between borrowers and servicers…
Tangled title issues and zombie second mortgages are among the biggest housing issues facing consumers today. NCLC has compiled resources for advocates navigating both.
The National Fair Housing Alliance (“NFHA”) and the undersigned civil rights and consumer advocacy organizations are writing in response to the Appraisal Standards Board’s request for comment on the proposed changes to the Uniform Standards of Professional Appraisal Practice (“USPAP”), which would add nondiscrimination language to USPAP’s Ethics Rule as well as provide more detailed…
Originally appearing in NBC News on April 29, 2023, Rob Wile, Rania Soetirto, and Jasmine Cui quote Sarah Bolling Mancini regarding where consumers can find help if at risk of losing their home or vehicles. Help is indeed available for homeowners, said Sarah Bolling Mancini, a senior staff attorney at the nonprofit National Consumer Law Center. Some of…
Originally appearing in Bloomberg Law on April 26, 2023, Evan Weinberger quotes Andrea Bopp Stark in coverage of the Consumer Financial Protection Bureau’s advisory opinion on zombie second mortgages at the Fair Debt Collection Practices Act (FDCPA). “When there are no statements and there’s no notice, they don’t get that information and they can’t make…
Read More about Bloomberg Law: "CFPB Warns Debt Collectors on Time-Barred 'Zombie' Mortgages
On Wednesday, April 26, 2023 the Consumer Financial Protection Bureau (CFPB) visited Brooklyn, New York, where Director Rohit Chopra hosted a discussion with NCLC senior attorney Andrea Bopp Stark and local community organizations, advocates, leaders, and members of the public about “zombie” second mortgages.
Watch Recording Read More about CFPB Field Hearing on “Zombie Second Mortgage Debt” in Brooklyn
A significant number of homeowners do not have a deed in their name, which puts them at risk of losing their home to a variety of threats. Tangled title situations can occur when homes are passed on from generation to generation without a will or without the filing of a probate petition. Sometimes, even when…
Read More about Digital Library: Homeowner Tactics to Overcome Problems with Tangled Titles
Housing Law Experts to Probe “Zombie” Second Mortgages and Foreclosures on April 26 WASHINGTON — The Consumer Financial Protection Bureau’s (CFPB) upcoming field hearing will feature remarks from CFPB Director Rohit Chopra and leading national and local housing law advocates, including Andrea Bopp Stark, senior attorney at the National Consumer Law Center, on “zombie” second…
Read More about CFPB to Host Field Hearing on “Zombie Second Mortgage Debt” in Brooklyn
