NC S1216

Extends the Emergency Program to Reduce Home Foreclosures from October 31, 2010 to May 31, 2013, expanding coverage from "subprime loans" to all "home loans" as broadly defined.

Establishes a State Home Foreclosure Prevention Trust Fund with a $75 filing fee per home loan, allocating funds to administrative costs (up to 30%), housing counselor grants (up to 40%), and legal service provider grants (up to 30%).

Requires mortgage servicers to provide borrowers with 45-day pre-foreclosure notice detailing past due amounts, available options, and contact information for lenders, HUD-approved counselors, and the Office of Commissioner of Banks.

Increases S.A.F.E. mortgage licensing fees: branch office licenses from $125 to $300, mortgage loan originator renewal fees from $67.50 to $125, and authorizes administrative processing fees up to $75 for licensing status changes.

Revises predatory lending thresholds by reducing the points and fees cap from 5% to 4% for loans of $20,000 or more, and excludes certain mortgage insurance premiums exceeding 1.25% of loan amount from "points and fees" calculations.