Tag Archives: COVID-19

a series of houses

Joint Letter: Letter Urging the Biden Administration to Provide Greater Assistance for Homeowners in COVID Relief Plan

AFR joined a letter urging President-Elect Biden to expand assistance to homeowners in the upcoming COVID-19 relief package. The letter called on the Biden administration to support the establishment of a Housing Assistance Fund, provide funding for HUD-approved housing counseling agencies and legal assistance, and to support several legislative measures to prevent the coming tsunami of foreclosures that likely will be concentrated in low-income communities and communities of color.

A pair of hands writing on paper with a pen

Letters to Regulators: Joint Letter Opposing the VA’s Proposed COVID-19 Veterans Assistance Partial Claim Payment Program

AFR Education Fund signed onto a letter opposing the VA’s Proposed COVID-19 Veterans Assistance Partial Claim Payment Program. The letter stated that the proposal cannot achieve its goal of providing a solution for veteran borrowers’ COVID hardships, and urged the VA to revise the proposal to align with existing programs at FHA, USDA, and the Government Sponsored Enterprises. Specifically, the letter stated that the VA should not require monthly payments, funds should not accrue interest, access to the program should be streamlined, and the program should not have a limited time window for relief.

sign for the CFPB outside a building

Kraninger Lets Industry “Drive the Agenda” at CFPB Even During COVID-19 Pandemic

Kathleen Kraninger, the current director of the Consumer Financial Protection Bureau,  told an audience of bankers at a November  2019 industry gathering that “you are really helping drive the agenda.” Unfortunately for the public and for consumer financial protection, the Kraninger agenda and the Wall Street lobby’s priorities are indeed all too similar, and that has proved true even during the COVID-19 pandemic and massive economic distress it has produced.

the front side of an apartment building

Letters to Regulators: Joint Letter to FHFA, Fannie Mae & Freddie Mac on the need to notify tenants of applicable protections during COVID-19

AFR Ed Fund and 59 other organizations sent a letter to FHFA, Fannie Mae, and Freddie Mac asking them to provide ways for tenants to be able to determine whether their homes qualify for additional protections as a result of their landlord’s forbearance so that they can plan accordingly and protect themselves from eviction and other consequences.