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.

Zombie Second Mortgage Resources

October 3, 2022

These NCLC Digital Library resources explain what zombie second mortgages are, why they are such a problem, and ways homeowners can stop foreclosures.

Read More about: Zombie Second Mortgage Resources
July 11, 2024
May 14, 2024

Recent

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Hodges v. NewRez, LLC d/b/a Shellpoint Mortgage Servicing and The Bank of New York Mellon

January 21, 2025

Checklist for Identifying a Zombie Second Mortgage

January 7, 2025

How States Can Protect Homeowners Facing Zombie Second Mortgages: Suggested Language for a Second Mortgage Foreclosure Bill

November 26, 2024

Comments to Massachusetts Division of Banks on Proposed Amendments to Debt Collection and Mortgage Servicing Rules

November 12, 2024

NPR: Massachusetts is going after a company collecting on ‘zombie second mortgages

November 1, 2024

Comments to HUD’s Proposed Guidance on Partial Claims and Payoffs

October 10, 2024

Comments to CFPB Regarding Streamlining Mortgage Servicing for Borrowers Experiencing Payment Difficulties; RESPA Regulation X

September 9, 2024

Coalition Letter to CFPB on Streamlining of Mortgage Servicing

September 9, 2024

Coalition Letter to CFPB Commenting on the Bureau’s Proposal to Expand Language Access in the Mortgage Market

September 9, 2024

Comments & Letters

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Comments to Massachusetts Division of Banks on Proposed Amendments to Debt Collection and Mortgage Servicing Rules

November 12, 2024

Comments to HUD’s Proposed Guidance on Partial Claims and Payoffs

October 10, 2024

Comments to CFPB Regarding Streamlining Mortgage Servicing for Borrowers Experiencing Payment Difficulties; RESPA Regulation X

September 9, 2024

Coalition Letter to CFPB on Streamlining of Mortgage Servicing

September 9, 2024

Coalition Letter to CFPB Commenting on the Bureau’s Proposal to Expand Language Access in the Mortgage Market

September 9, 2024

Joint Letter to the CFPB on Language Access in Mortgage Servicing

September 9, 2024

Texas Comment Letter to FEMA on Equity Interim Final Rule

July 22, 2024

NCLC CRL Statement for the Record for June 12 Legislative Hearing on Pending Legislation

June 12, 2024

Joint Letter Urging Extension of VA Foreclosure Pause

May 7, 2024

Reports

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Keeping it in the Family: Legal Strategies to Address the Challenge of Heirs Property and Prevent Home Loss

January 29, 2024

Property Tax Foreclosures on Heirs Property: The Devastating Consequences and Recommendations for Prevention

August 22, 2023

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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Checklist for Identifying a Zombie Second Mortgage

January 7, 2025

How States Can Protect Homeowners Facing Zombie Second Mortgages: Suggested Language for a Second Mortgage Foreclosure Bill

November 26, 2024

Reforming Property Tax Foreclosure Laws to Promote Sustainable Homeownership

May 22, 2024

Homeowners at Risk: Nationwide Survey Reveals Critical Gaps the CFPB Must Address to Prevent Foreclosures

February 21, 2024

What States Can Do to Reduce Property Tax Foreclosures

October 10, 2023

Heirs Should Not Be Subject to Florida’s Homestead Tax Exemption Penalty

August 22, 2023

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

February 22, 2023

Zombie Second Mortgage Resources

October 3, 2022

Homeowner Assistance Fund: Overview and FAQs

May 1, 2022

Testimony

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Testimony of Steve Sharpe Before U.S. House Committee on Veterans’ Affairs Regarding the State of the U.S. Department of Veterans Affairs (VA) Home Loan Guaranty Program

February 15, 2024

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 & News

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NPR: Massachusetts is going after a company collecting on ‘zombie second mortgages

November 1, 2024

NCLC Co-Director of Advocacy Testifies at CFPB Field Hearing on Abusive Land Contracts

August 13, 2024

CFPB Proposed Rule Requiring Language Access in Mortgage Servicing Will Help Homeowners Avoid Foreclosure

July 11, 2024

Consumer and Industry Advocates Highlight Measures to Counter Rise in Elder Real Estate Fraud and Financial Exploitation

June 14, 2024

Consumer and Industry Advocates Outline Reforms to Property Tax Foreclosure Laws to Promote Sustainable Homeownership

May 22, 2024

Digital Library: Three Important New Protections Preventing Home Foreclosures

May 14, 2024

HUD Takes Aim at Discriminatory Practices by Tenant Screening Companies and Housing Providers

May 3, 2024

Final FHFA Rule on Racial Equity, Language Access, and Fair Lending Oversight Will Aid Underserved Communities

May 1, 2024

Latest HUD Action Will Prevent Up-Charging in Reverse Mortgage Loans 

April 26, 2024

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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