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Tag Archives: National Urban League

Wells Fargo Teams with National Urban League to Aid Homeowners

Wells Fargo and the National Urban League have released the second edition of ""The Foreclosure Workbook: The Complete Guide to Understanding Foreclosure and Saving Your Home."" The resource offers information to aid homeowners behind on their mortgage payments. Through its affiliates that manage homeownership and foreclosure prevention programs, the Urban League will distribute about 7,500 copies of this latest edition to distressed homeowners across the country.

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Industry, Lawmakers Faceoff with Regulators on QRM’s Default Impact

The debate over what constitutes a Qualified Residential Mortgage (QRM) is heating up, with a pivotal argument centered around whether or not the proposed QRM stipulations will actually lower the risk of default. In one corner you have the handful of regulators charged with putting the definition of QRM into the rule book, and in the other corner you have just about everybody else, with consumer advocates joining mortgage bankers in a rare showing, and congressional lawmakers standing firmly alongside them.

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