What is a zombie mortgage and why do families face so many risks of foreclosure on their homes and properties? For many homeowners, keeping up with one mortgage is already a struggle; now, imagine receiving a notice stating that there is now a second mortgage in your name and that if you do not pay […]
Fairway Independent Mortgage Corp. has agreed to pay nearly $10 million to settle allegations from the U.S. Department of Justice and the Consumer Financial Protection Bureau, accusations based on its alleged discriminatory practices, including lending discrimination in predominantly Black neighborhoods in the city of Birmingham. Following the agreement between the parties, the Department of Justice […]
The City of Albuquerque has discovered that a non-profit organization dedicated to housing, with which it had an agreement, misused city funds, putting some tenants at risk of eviction and even foreclosure. As a result of this discovery, the city has decided to cut ties with the organization. Regarding this, Gilbert Ramirez, Director of Albuquerque’s […]
The Richmond City Council in Virginia approved a resolution addressing what they called a “public crisis” due to the high number of evictions without legal representation, seeking to approve programs that ensure tenants have the right to an attorney during eviction or foreclosure proceedings. Findings from the RVA Eviction Lab at Virginia Commonwealth University revealed […]
