Foreclosure Archives - Page 3 of 13 - Americans for Financial Reform

National Faith, Community and Labor Leaders Call on FHFA Director Watt to Take Action to Help Homeowners and Communities

“We write to you now on behalf of the millions of families who are still struggling with negative home equity, as well as those who are in danger of losing their homes through foreclosure, and the neighbors and communities hurt by foreclosures around them. The need to swiftly reverse the government sponsored enterprise (GSE) policy on principal reduction remains a major priority for many organizations and community members.”

AFR Statement on Confirmation of Mel Watt to Head the FHFA

“Mel Watt’s confirmation as director of the Federal Housing Finance Agency is heartening news for American families and communities…  Under his leadership, the FHFA can be a help rather than a hindrance in efforts to deal with the foreclosure crisis, assist homeowners, and ensure broad access to sustainable and affordable credit.”

AFR Statement on Senate Vote to Filibuster Mel Watt Nomination

On Oct. 31, the Senate voted to filibuster the nomination of Representative Mel Watt as Director of the Federal Housing Finance Agency. This was an appalling vote on several levels. In the first place, the 46 Senators who said No to cloture were using

AFR Statement on Nomination of Mel Watt to Lead FHFA

“It is past time for new leadership at FHFA, and we urge swift action to bring about that change.”

AFR in the News: Community Advocates Seek Better Data on Mortgage Relief

Without a neighborhood-by-neighborhood breakdown, “it is impossible to measure the impact of the national mortgage settlement in any meaningful way.”

More than 100 Watchdog Groups Demand Full Fair-Lending Compliance and Disclosure in National Mortgage Settlement

On Wednesday, March 27th, a coalition made up of 109 civic groups sent a letter to Mortgage Settlement Monitor Joe Smith and the Executive Monitoring Committee highlighting concerns with the slow pace of change on the ground for hardest-hit communities and the need for greater oversight.

Public Interest Groups Send Letter to Mortgage Settlement Monitor Expressing Concern for Hardest Hit Communities

AFR joined more than 100 public interest groups in sending a letter to the mortgage settlement monitor stressing the need for greater transparency to ensure the effectiveness of this settlement agreement for communities of color and other hardest-hit communities

Wide Range of Groups Oppose FHFA G-fee Proposal

FHFA’s proposal to charge more in states with consumer protections has elicited letters of strong opposition from housing and consumer advocates, members of Congress, legal and policy experts, Attorneys General, state legislators, and others.

AFR in the News: Consumer Groups Want Fair Lending Data Added to Mortgage Settlement

“Consumer groups are urging the monitor of the national mortgage settlement to add data on race, ethnicity and geography to determine whether the five largest servicers are offering relief to communities hit hardest by foreclosures,” The American Banker reports. In an Oct. 31 article, The

AFR Letter: Keep Tabs on Racial Dimension of Mortgage Settlement

AFR’s foreclosure working group has appealed to the monitor of the national mortgage settlement to include race, ethnicity, and geography in a public process of evaluation. In a letter to Joseph Smith of the North Carolina-based Office of Mortgage Settlement Oversight, the working group pointed