A review of our 2021 supervision activities revealed unfair acts and practices, and other violations, by mortgage servicers. Here’s what to be aware of and how to find the resources you need if you’re struggling to make your mortgage payments.
If you have a mortgage backed by HUD/FHA, USDA, or VA and are struggling to make payments due to the pandemic, you can request initial forbearance anytime during the COVID-19 National Emergency.
Support volunteerism including community-based efforts to provide free tax preparation services to people with low incomes.
Many federal student loan borrowers will have their loans transferred to a new servicer. If your loans are currently being serviced by FedLoan Servicing or Granite State, this article can help you prepare for the transition to a new servicer.
Scammers are preying on renters and landlords in need of emergency rental assistance. Learn how to spot a rental assistance scam and use a federal tool to help you find your local rental assistance program.
Following the recent earthquake, people in the United States are trying to connect with family and friends in Haiti, including finding ways to send money directly. Here are resources to safely send money overseas, as well as tips to help loved ones recover and rebuild.
En efecto desde el 31 de agosto del 2021, la nueva normativa les exige a los administradores hipotecarios ofrecerles a los propietarios, oportunidades reales para evitar el “foreclosure” y mantenerse en sus viviendas, mientras algunos programas federales de aplazamiento comienzan a expirar.
Effective August 31, 2021, a new rule requires mortgage servicers to provide meaningful opportunities for homeowners to avoid foreclosure and keep their homes as certain federal forbearance programs begin to expire.
Due to a U.S. Supreme Court decision, the CDC eviction moratorium has ended. If you’re having trouble catching up on rent, utilities, or other housing expenses, here are options and resources to help you get back on your feet.
La moratoria al desalojo del CDC ha terminado gracias a una decisión de la Corte Suprema de Justicia. Si tiene problemas para ponerse al día con la renta, servicios básicos, u otros costos de vivienda, le mostramos opciones para ayudarle a recuperarse.
This post is the fifth in a series documenting trends in consumer credit outcomes during the COVID-19 pandemic. Access to new credit cards has decreased, but access to mortgages and auto loans has increased since the start of the pandemic.
This post is the fourth in a series documenting trends in consumer credit outcomes during the COVID-19 pandemic. Credit card limits stagnated or declined for most credit score groups early in the pandemic, but have been rising in recent months. Despite a spike in accounts closed by creditors at the start of the pandemic, accounts are not being closed at unusual rates.
When tenants can’t pay the rent, this can be hard on landlords too. Get the facts about federal rental assistance and find out how to take advantage of help that’s available to you.
If you were a college student enrolled in an eligible college or university on or after March 13, 2020, you may qualify for emergency financial aid grants that can be used to cover expenses or costs from food, housing, course materials, technology needs, health care, child-care expenses, or money owed to your school.
Si no puede pagar la renta y teme que le desalojen, sepa que el 3 de agosto del 2021, el CDC ha emitido una nueva moratoria a los desalojos. Le mostramos lo que necesita saber al respecto.
If you are unable to pay rent and worried about eviction, the CDC issued a new eviction moratorium on August 3, 2021. Here’s what you need to know.
Some federal protections put in place to protect homeowners from foreclosure and renters from eviction during the COVID-19 pandemic ended on July 31. If you are having trouble making your rent or mortgage payments, it’s important to take action to prevent foreclosure or eviction.
Algunas de las protecciones federales que fueron establecidas para proteger a los propietarios de vivienda del “foreclosure” o ejecución financiera, y a los inquilinos del “eviction” o desalojo durante la pandemia del COVID-19, terminaron el 31 de julio. Si usted tiene problemas para pagar su renta o hipoteca, es importante que actúe ahora para prevenir la ejecución o el desalojo.
This post is the third in a series documenting trends in consumer credit outcomes during the COVID-19 pandemic. The economic disruption of the pandemic does not appear to have caused consumers to run up large credit card balances. The opposite seems to be the case, since April 2020, credit card balances and utilization rates have continued to decline, and the share of credit card borrowers that carry a balance rather than pay in full have also declined.
The COVID-19 pandemic has made it difficult for renters and landlords to cover housing costs. A new Rental Assistance Finder tool allows people to search for local help with rent, utilities, and moving costs.
The federal foreclosure moratoria are set to expire July 31st, and lenders and mortgage servicers can start foreclosing on homes as soon as August 1st. Homeowners who are behind on their mortgages must act now to save their homes.
Today is the 10th anniversary of the Consumer Financial Protection Bureau. The CFPB is proud to celebrate 10 years of protecting consumers, and looks forward to the next decade.
This post is the second in a series documenting trends in consumer credit outcomes during the COVID-19 pandemic. Since July 2020, consumers have transitioned out of assistance to varying degrees across all credit products, but a significant share of mortgage borrowers continue to receive assistance.
Many landlords are having trouble making ends meet during the pandemic when tenants can’t pay their rent. Learn more about emergency rental assistance and how it can help you and your tenants get through these difficult times.
Our digital toolkit provides media, intermediaries, and other stakeholders with the latest information and resources to help educate struggling renters and mortgage borrowers of their protections and relief options.
