Skip to main content

AG Reminds California Mortgage Servicers Of COVID-19 Obligations

Aug 05, 2020
Photo of San Francisco, California
Director of Events

California Attorney General Xavier Becerra issued a letter to 33 mortgage servicers, reminding them of their obligations to homeowners and tenants under the state's Homeowner Bill of Rights. The letter comes as homeowners throughout the state brace for a wave of COVID-19 related foreclosures and post-foreclosure evictions.Photo of Attorney General Xavier Becerra

"As the dual economic and public health crises continue, many California homeowners may fall behind on their mortgage payments," Becerra wrote in his letter. "During times like these, we must rely on laws, such as the California Homeowner Bill of Rights, to provide a safeguard for families who are one payment away from losing their homes. We take the rights of homeowners very seriously and expect all mortgage servicers to comply with the law."

Under the law, homeowners have a right to fairness and transparency during the pre-foreclosure and foreclosure process, according to a statement accompanying the letter. They also have a right to be given a "meaningful opportunity to avoid losing their home."

Becerra was part of a coalition of 35 attorneys general that sent letters to U.S. Department of Housing and Urban Development Secretary Ben Carson and Federal Housing Finance Agency director Mark Calabria requesting more protection for homeowners who felt the economic impact from the COVID-19 pandemic.

Read Becerra's letter to mortgage servicers.

 

California Homeowner Bill of Rights. PhotoCredit: State of CA Department of Justice

 

About the author
Director of Events
Navi Persaud is Director of Events at NMP.
Published
Aug 05, 2020
HUD Freezes Foreclosures On FHA Mortgages In Texas Flood Zone

Kerr County homeowners among hardest hit in disaster that’s claimed more than 100 lives

Jul 09, 2025
Fewer Canadians Hunt For U.S. Property

Largest component of international buyers in U.S. takes more than 25% hit

Jul 08, 2025
Fannie, Freddie Now Allow Lenders To Use VantageScore 4.0

Lenders will keep tri-merge credit scoring model; what this shift means

Fairway Independent Mortgage Corporation Announces Rebranding

Now Fairway Home Mortgage, company also donates $1M to support relief efforts in deadly Texas flooding

Jul 07, 2025
FHFA Chief Officially Calls For Investigation Of Federal Reserve Chairman Powell

Alleges Powell lied in testimony to Congress regarding Fed building renovations, says Fed Chair should be fired

BBB Will Impact Homeowners, Buyers

U.S. House and Senate must agree on certain tax, mortgage insurance premium deductions