Homeownership & Foreclosure

Mortgage Servicing & Foreclosures

A strong housing system in the United States requires that low-income homeowners and homeowners of color be able to retain their homes even during economic hardship. NCLC works to promote innovative foreclosure prevention solutions and strengthen consumer protections in mortgage servicing, and works to prevent foreclosures and promote sustainability throughout the mortgage system, including FHA, Fannie Mae and Freddie Mac, VA, and USDA.

Featured

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NCLC Comment to FHFA Single Family Social Bond Request for Information

May 12, 2023

Letter to HUD on Modernization of Engagement With Single Family Mortgagors in Default

May 9, 2023

Group Comments to The Appraisal Foundation on USPAP Fifth Exposure Draft and Advisory Opinions: Nondiscrimination Language

April 28, 2023

Comments on the USDA Rural Housing Service’s Proposed Rule Regarding Mortgage Recovery Advances

March 28, 2023

Comments to HUD in Response to Proposed Rule Entitled Strengthening the Section 184 Indian Home Loan Guarantee Program

March 17, 2023

Letter urging Government Sponsored Enterprises (GSEs) and the Federal Housing Finance Agency (FHFA) to reform their note sale programs to ensure that borrowers avoid unnecessary foreclosure

March 10, 2023

Comments to HUD Regarding Mortgagee Letter 2023-03

March 7, 2023

Home Equity Lines of Credit Gaps in Coverage & Exemptions from Regulations

February 22, 2023

Coalition Comments to the Task Force on New Americans on Expanding Language Access Within the Financial Services Sector

February 7, 2023

Comments & Letters

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NCLC Comment to FHFA Single Family Social Bond Request for Information

May 12, 2023

Letter to HUD on Modernization of Engagement With Single Family Mortgagors in Default

May 9, 2023

Group Comments to The Appraisal Foundation on USPAP Fifth Exposure Draft and Advisory Opinions: Nondiscrimination Language

April 28, 2023

Comments on the USDA Rural Housing Service’s Proposed Rule Regarding Mortgage Recovery Advances

March 28, 2023

Comments to HUD in Response to Proposed Rule Entitled Strengthening the Section 184 Indian Home Loan Guarantee Program

March 17, 2023

Letter urging Government Sponsored Enterprises (GSEs) and the Federal Housing Finance Agency (FHFA) to reform their note sale programs to ensure that borrowers avoid unnecessary foreclosure

March 10, 2023

Comments to HUD Regarding Mortgagee Letter 2023-03

March 7, 2023

Coalition Comments to the Task Force on New Americans on Expanding Language Access Within the Financial Services Sector

February 7, 2023

Joint Letter to The Appraisal Foundation Regarding USPAP Exposure Draft: Nondiscrimination Language

February 3, 2023

Reports

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Report: How GSE Note Sales Undermine Homeownership

January 30, 2023

Appendix C: Long Summaries of Loss Mitigation Rules for Government-Backed Loans

February 19, 2020

Obtaining Mortgage Relief for Victims of Disasters: A Practice Guide for Advocates

February 15, 2020

Stopping Foreclosures with the RESPA Servicing Rules

June 24, 2016

Opportunity Denied: How HUD’s Note Sale Program Deprives Homeowners of the Basic Benefits of Their Government-Insured Loans

May 2, 2016

At a Crossroads: Lessons from the Home Affordable Modification Program (HAMP)

January 22, 2013

Issue Briefs

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Fighting Zombie Second Mortgages: Helping Borrowers Whose Second Mortgages Have Been Dormant for Years and Are Now Coming to Life to Feed on the Equity in Their Homes

April 1, 2022

Home Equity Lines of Credit Gaps in Coverage & Exemptions from Regulations

February 22, 2023

Homeowner Assistance Fund: Overview and FAQs

May 1, 2022

Ensuring Access to Sustainable Homeownership: 2022 Priorities

March 1, 2022

HUD Should Provide Additional COVID Loss Mitigation Options for HECM Borrowers

August 5, 2021

Why Homeowner Assistance Fund Programs Should Be Accessible to Homeowners in Bankruptcy

July 1, 2021

Joint Statement on Supervisory and Enforcement Practices Regarding the Mortgage Servicing Rules in Response to the COVID-19 Emergency and the CARES Act

June 8, 2021

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

January 1, 2021

Building a California Seawall Against the Tsunami of Debt Collection Caused by COVID-19: Mortgage Relief

November 17, 2020

Testimony

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The LIBOR Transition: Protecting Consumers and Investors

November 2, 2021

Alys Cohen’s testimony at U.S. House Hearing on Mortgage Servicers’ Implementation of the CARES Act

July 16, 2020

Testimony Before House Financial Services Regarding Oversight of Mortgage Servicers’ Implementation of the CARES Act

July 16, 2020

Press Releases

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Nketiah “Ink” Berko Returns to NCLC as Equal Justice Works Fellow

May 11, 2023

CFPB to Host Field Hearing on “Zombie Second Mortgage Debt” in Brooklyn

April 20, 2023

Federal Housing Finance Agency to Codify Collection of Mortgage Applicants’ Language Preference

April 19, 2023

Advocates Welcome Mandatory Collection of Language Preference Data by Fannie Mae and Freddie Mac

March 1, 2023

Advocates Praise FHA’s Expansion of Access to Foreclosure Alternatives

January 31, 2023

Fannie Mae/Freddie Mac Note Sales Undermine Homeownership

January 30, 2023

Advocates Applaud Federal Housing Finance Agency’s Move to Require Mortgage Lenders to Obtain Applicants’ Language Preference

May 3, 2022

Advocates Push for Increased Enforcement and Later Rule Sunset to Prevent Improper Foreclosures as the CFPB Issues Final Servicing Rule

June 28, 2021

Advocates Applaud HUD’s Actions to Protect Vulnerable Widows and Widowers and Prevent Avoidable Foreclosures

May 12, 2021

From the NCLC Digital Library

Mortgage Servicing and Loan Modifications

The most complete treatise on the new loan modification programs and rights to deal with mortgage servicers.

Read Chapter One

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