Sens. Dean Heller and Catherine Cortez Masto of Nevada called on mortgage industry leaders to provide relief and financial assistance to victims of the Oct. 1 mass shooting at the Route 91 Harvest Festival in Las Vegas.
Named the deadliest mass shooting in modern American history, the Las Vegas massacre has left hundreds of families with funeral costs, medical bills and emotional trauma that may hinder their ability to meet financial commitments, according to the senators.
"We write to you today to ask that your organizations do whatever they can to ease the burdens that may be faced by victims, survivors and their families at this difficult time or in the future. Importantly, should the issue arise, we would ask that you not initiate or finalize any legal foreclosure proceedings that would lead to a victim or their family's eviction during their recovery," wrote Heller and Cortez Masto.
"If victims and survivors have difficulty with future mortgage or other loan payments, we ask that you would work with those individuals to offer tailored solutions, which could include forbearance plans and loan modifications, to help ensure that their financial wellbeing is taken care of. Finally, we ask that you streamline documentation requests and paperwork burdens for any impacted borrowers and dedicate additional staff to process any requests from victims and their families," they continued.
The letter was sent to Wells Fargo, JPMorgan Chase, Bank of America, Nationstar Mortgage, Ocwen Financial Corp., Citi, US Bank Home Mortgage, Walter Investment Management, PHH Mortgage, Quicken Loans, the Federal Housing Finance Agency, Federal Housing Administration, Fannie Mae and Freddie Mac.