NCLC hosts webinars and in-person conferences and trainings for attorneys with all levels of experience. Below, find a preview of selection of training materials made free to the public. For more information about NCLC trainings, visit nclc.org.
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Mortgage Training 2021
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Pre-conference Intensive B: Loan Modification Basics and Loss Mitigation for Fannie Mae and Freddie Mac Loans
For advocates newer to handling mortgage and foreclosure cases, gaining a clear understanding of the rules of loss mitigation is a crucial step. This intensive will cover the basics of loss mitigation terminology and the background loan modification rules for FHA and Fannie Mae and Freddie Mac mortgages. Understanding the rules that existed prior to the pandemic will allow advocates to better understand the pandemic-related overlays that have been created. Our main conference sessions will dive into the COVID-era policies, but this intensive will provide the foundational knowledge for advocates who are newer to this area or have not previously run the numbers. Like the other intensive, this will run over two afternoons, with two 90-minute sessions each day. We will utilize live presentations and breakout discussions, and walk through several examples using loan mod calculators. Topics we will include: general loan modification and loss mitigation terminology (applicable to all loans, including the private market); GSE Flex Mod calculations; FHA-HAMP calculations, FHA (non-COVID) waterfall of options, and general FHA defenses.
Session 2:
Loan Modification Basics and Loss Mitigation for Fannie Mae and Freddie Mac Loans (PowerPoint)
Pre-Conference Intensive B: Loan Mods 101, pt. 2 (Video)
Pre-Conference Intensive B: Loan Mods 101, pt. 3 (Video)
ALAS FHA Loss Mitigation Calculator
Waterfall Worksheet - Flex Modification
Template for Request for Information on Escrow Accounts
Session 3:
S3: FHA Loss Mitigation (PowerPoint)
FHA’s Loss Mitigation Waterfall—Problem Set & Cheat Sheet
Tangled Title
A significant number of homeowners do not have a deed in their name, which puts them at risk of losing their home to a variety of threats. Tangled title situations can occur when homes are passed on from generation to generation without a will or without the filing of a probate petition. Sometimes, even when a homeowner passes away with a will, probate delays may drag on for a year or longer, keeping a home’s title unclear.
Videos
Heirs property owners are at heightened risk of losing the family home to property tax foreclosure and a range of other threats. Heirs who inherit property without a will or who have not yet gone through probate may struggle to access available property tax relief. In this interview, Andrea Bopp Stark and Kristopher Smith describe why this problem exists and suggest policy solutions to address it.
This is a 2021 National Housing Resource Center (NHRC) webinar titled "Protecting Inter-Generational Wealth: Keeping the Family Homestead" concerning issues faced by a home's successors in interest (those who receive an interest in a home after a homeowner's death or divorce) but who are not on the mortgage. This raises issues dealing with mortgage servicers, obtaining loan modifications, and making mortgage payments. The webinar was presented by Sarah Mancini at NCLC and by Lisa Sitkin of the National Housing Law Project.
Zombie Second Mortgages
As the name suggests, zombie mortgages can be terrifying. They rise from the dead, appear without warning, and seize homes. And they are appearing now more than ever.
Videos
A Consumer Action train-the-trainer webinar with Andrea Bopp Stark, senior attorney with the National Consumer Law Center (NCLC); Stacey Tutt, Homeowner Assistance Fund coordinator and senior staff attorney with the National Housing Law Project (NHLP); and Araceli Jimenez, a HUD-certified housing and financial counselor with Administration of Resources and Choices (ARC).
The training covers: Foreclosure basics: Understanding mortgage delinquency and the foreclosure process; Foreclosure prevention options that help homeowners keep their home, as well as options that minimize negative consequences when exiting homeownership; An update on currently available homeowner relief or assistance programs; How HUD-certified housing counselors can help; When consumers should seek help from an attorney and where to find free or low-cost legal assistance.
Don't let Zombie Second Mortgages haunt your homeownership dreams! Join us in this video to arm yourself with knowledge and practical insights. Hit the like button, subscribe to our channel, and ring the notification bell, so you never miss out on crucial real estate and financial information.
On Wednesday, April 26, 2023, the Consumer Financial Protection Bureau (CFPB) visited Brooklyn, New York, where Director Rohit Chopra hosted a discussion with local community organizations, advocates, leaders, and members of the public about “zombie” second mortgages — debts that consumers thought were satisfied long ago by loan modifications or bankruptcy proceedings or that were written off by lenders as uncollectable — and other debt collection issues.
Video of CFPB Field Hearing on Zombie Mortgages with Director Chopra (Brooklyn, N.Y. April 26, 2023) (Note: Video begins at 46:52. Fast forward to that point for best experience or click here.)