AFREF joined our partners to send a letter urging HUD to take further steps to protect FHA borrowers facing COVID-related hardships form foreclosure, including requiring servicers to communicate the availability of several loss mitigation options, providing guidelines for contacting borrowers before the end of a forbearance, and collect performance data on COVID-19 loss mitigation options and make this information available to the public.
Letters to Congress: Letter Supporting the Nomination of Rep. Marcia Fudge as the Next HUD Secretary
AFR joined a letter expressing strong support for the nomination of Rep. Marcia Fudge as the next Secretary of the Department of Housing and Urban Development. The letter cited Rep. Fudge’s stand-out qualifications, her long track record of working across party lines and with a wide range of stakeholders, and her demonstrated lifelong commitment to advancing the civil rights of all people. It urged the Senate to support her prompt confirmation.
Letters to Regulators: Letter Urging HUD to Take Action to Protect Borrowers in Upcoming LIBOR Transition
Americans for Financial Reform Education Fund, Center for Responsible Lending, National Consumer Law Center, National Fair Housing Alliance, and Student Borrower Protection Center sent a joint letter urging HUD to transition to the Secured Overnight Financing Rate (SOFR) and share its LIBOR transition plan as soon as possible. This transition plan should include providing direction to housing counselors about the process and a targeted outreach plan to provide borrowers and all stakeholders with timely, accurate information so that they know what to expect in the months to come.
For over 45 years, the disparate impact doctrine has allowed people to chip away at policies that have a discriminatory effect even if there is no intent to discriminate. When the need to address systemic racism is so urgent, and the costs of failing to do so are so devastating, HUD has chosen to finalize a rule that effectively dismantles this essential tool for fighting injustice.
Joint letter asking FHFA, HUD, VA and USDA to provide tenants with a mechanism to identify whether their apartment, home, or manufactured housing is covered by the tenant protections in the CARES Act
Coalition letter to FHA on clarifying and improving protections for borrowers facing hardship related to covid-19.
Letter to HUD asking for needed protections for reverse mortgage borrowers facing challenges due to COVID-19
Coalition letter to HUD opposing changes to AFFH rule.
Letter to HUD opposing the set of deregulatory efforts now under way that are withdrawing crucial commonsense oversight from the housing and financial markets, enabling discrimination, and thereby increasing barriers to affordable housing
If the proposed rule went into effect, HUD’s assessment of whether localities were meeting their AFFH obligations would not include consideration of race, religion, national origin, families with children, or other protected classes that the Fair Housing Act was intended to shield from discrimination. The proposed rule eliminates the community participation process, which was proven to be extremely effective in helping communities develop meaningful fair housing goals, and does not even have a requirement that state and local governments conduct a fair housing analysis for their communities at all.