Loan Modification Programs

• Our loan modification page explores what the industry and the Obama administration are doing to combat the foreclosure crisis. This section includes a handy chart summarizing the array of industry- and government-sponsored loan modification programs.

Sample Documents and Practice Aids

• Sample Forms, Letters, and Loan Documents. Many of these documents can be found in our new second edition of Foreclosure Prevention Counseling.
• Practice Aids. Includes a loan calculator, checklists, and much more.
• Helpful weblinks

For Housing Counselors

• HUD Housing Counseling Handbook
• FDIC Loan Modification Program Guide: "Mod in a Box"
• HAMP FAQ for Counselors
• Organizations helpful to counselors
  • Neighborworks
  • National Foreclosure Mitigation Counseling Program
  • HUD

Special Reports

• FORECLOSING A DREAM - State Laws Deprive Homeowners of Basic Protections (Feb. 2009)
  • Report PDF 538 KB
  • Press Release
  • Survey of State Foreclosure Laws PDF 336 KB
• NCLC Model State Foreclosure Rescue Scam Statute (MS Word) | Overview Memo
• More Reports

Press Releases, Letters

• Testimony: Foreclosure Rescue Fraud Act, S. 116/H.R. 1213: Legislative Solutions for Preventing Loan Modification and Foreclosure Rescue Fraud, May 6, 2009
• Testimony: Mortgage Lending Reform: A Comprehensive Review of the Current Mortgage System, March 11, 2009 PDF 198KB
• Coalition Letters to House and Senate on TARP and Foreclosure Prevention Legislation, January 13, 2009 PDF 29KB
• Letter re Section 102 of the Emergency Economic Stabilization Act of 2008, October 28, 2008 PDF 22KB
• Letter to Congress on Public Interest/Main Street Principles To Guide the Wall Street Rescue, September 24, 2008 PDF 93KB
• Letter in support of allowing loan modifications through bankruptcy in bank rescue bill, September 22, 2008 PDF 21KB
• More press releases and letters

Essential NCLC Books

Foreclosure Prevention Counseling
(NEW 2d ed. 2009)

Click here for free online access to many of the book's appendices, as well as forms, letters, and numerous other materials referred to in the book. The second edition is packed with new material. Order your copy online today!

Foreclosures

Part of NCLC's 18-volume series of legal manuals for attorneys. A thorough treatise on protecting homes from foreclosure, and what to do after foreclosure. More info or buy it online.

Government Agency Resources

• FHA, RHS, and VA Loans. Includes HUD mortgagee letters, guides, handbooks, agency policy statements, and more.
• Fannie Mae and Freddie Mac. With info on Freddie Mac's new Home Affordable Modification Program (May 2009).
• NCLC Reports articles on the Making Home Affordable Program and the FDIC NPV spreadsheet.
• Link to the Making Home Affordable administrative website for servicers.

Consumer Information

• Eight Things to Think About Before You Take a New Card
• Consumer Information on the Earned Income Tax Credit
• More consumer information from Foreclosure Prevention Counseling (2d ed.)

Lenders in Financial Distress

• Failed Banks. What to do when a bank that makes or holds a mortgage has failed.
• Lender Bankruptcy. Click here for recent rulings and developments in lender bankruptcy cases. Includes Judges’ orders pertaining to claim bar dates, transfer of assets, confirmation of plan, as well as voluntary petitions and chapter 11 plans.