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Foreclosure – Module 5

June 22 , 10:00 am EDT December 31 , 12:00 pm EST

Self-paced, available on demand through December 31.

This module has three sub modules. Module 5.1 covers the industry practices that cause foreclosures, the regulatory changes and legal settlements that have helped to shape our foreclosure response today. Participants are exposed to key foreclosure related documents, judicial and non-judicial foreclosures, and they will know how to evaluate financial situations to find the best option to avoid foreclosures. Module 5.2 provides information about programs for foreclosure prevention and the forms and requirements for a loss mitigation package. We discuss streamlined servicer processes that keep everyone accountable. We cover the process of evaluating client information to determine FHA and conventional loss mitigation, and how to do the math for surplus income. We also cover mortgage default scams and how to report them. Module 5.3 explains the costs and consequences of foreclosure, short sale, deed in lieu as well as the credit impact of these life decisions. We cover the transitioning process and foreclosure timeline and how it varies between loan types, as well as the action steps for recovery – budgeting, financial coaching, education and engagement.

If you have any questions feel free to contact training@ncrc.org

Early registration ends on Jun 20, 2021.
Regular registration starts on Jun 21, 2021 and ends on Dec 30, 2021.
Late registration starts on Dec 31, 2021.
(GMT-05:00) Eastern Time (US & Canada)
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Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

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