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Closing the Gaps: What States Should Do to Protect Homeowners From Foreclosure

April 8, 2013
Mortgage Lending

This brief, co-authored by CRL and Consumers Union, examines recent legal and regulatory efforts to help troubled homeowners avoid foreclosure. These include rules by the Consumer Financial Protection Bureau to standardize how servicers act and communicate with homeowners, the National Mortgage Settlement negotiated with major servicers by 49 state Attorneys General, California's Homeowner Bill of Rights, and other state laws.

The brief then recommends ways for state policymakers to close gaps in these efforts to prevent unnecessary foreclosures.