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Initiatives meant to increase access to credit have rekindled the debate over whether housing counseling is the best and most cost-effective way for preparing consumers to become mortgage borrowers.
December 2 -
The Consumer Financial Protection Bureau issued a proposal Thursday that would institute new foreclosure protections for consumers after the agency found its previous mortgage rules didn't go far enough.
November 20 -
Only eleven months after cheering Federal Housing Finance Agency Director Melvin Watt's confirmation, Senate Democrats are fed up with the pace of reforms at the agency.
November 19
New York State Attorney General Eric Schneiderman today announced the launch of a financial consumer education web app called AGScamHelp. The site lets consumers look up housing counselors and legal services providers in a database to see if they've been approved by the federal or state government.
The database contains information about all the mortgage assistance relief services providers in the state attorney general's Homeowner Protection Program.
"While my office is committed to cracking down on scam operations that target struggling New Yorkers, the most powerful tool against these frauds is to ensure that consumers are informed and aware of the free services that are available to them through our Homeowner Protection Program," Schneiderman said in a statement.
A recent report by the Center for New York City Neighborhoods and the Lawyers' Committee for Civil Rights Under Law found that more than 2,700 foreclosure scam claims were filed between March 2010 and September 2014.
