FORECLOSURE RESOURCE CENTER

Information to help address the ongoing challenges in the mortgage market.

Consumer Information

• NeighborWorks Foreclosure Hotline - 888 995 HOPE
  
• Foreclosure Resources for Consumers (The Federal Reserve Board of Governors)
  
• You may be paying too much for your mortgage
  
• Filing a Bank Related Complaint
  

Events and Conferences

• Presentations and handouts from Fixing the Foreclosure System - a workshop on modernizing the foreclosure process to ensure the best long-term outcomes for consumers and neighborhoods. October 4, 2007. Sponsored by the Federal Reserve Bank of Minneapolis.

Policy and Regulation

• Loan Modification
  
• Regulation Z (Truth in Lending)
  
• Federal and State Agencies Announce Pilot Project to Improve Supervision of Subprime Mortgage Lenders
  
• Federal Financial Regulatory Agencies and CSBS Issue Statement on Loss Mitigation Strategies for Servicers of Residential Mortgages
  

Community Resources

• StableCommunities.org
  
• NeighborWorks America - foreclosure prevention information
  
• Hope Now - foreclosure prevention information
  

Research and Publications

Credit risk data may help target foreclosure mitigation,
What local areas are being especially hard hit by foreclosure?
fedgazette, September 2007.

Targeting Foreclosure Interventions: An Analysis of Neighborhood Characteristics Associated with High Foreclosure Rates in Two Minnesota Counties, Community Affairs Report 2007-1. [1,197 KB PDF]

Fed-led research reveals need for better Twin Cities foreclosure data, Findings and recommendations from an analysis of foreclosure data for the Twin Cities metropolitan area. Community Dividend, Issue 4, 2006.

Foreclosure Mitigation Toolkit for Communities

Resources for community leaders to assess their foreclosure situation, reduce preventable foreclosures, provide support to troubled homeowners and stabilize neighborhoods.

• Mitigation Toolkit - 4 Steps