Homeownership & Foreclosure

Mortgage Lending

Homeownership is the key to building wealth and economic opportunity in the United States. NCLC works to preserve and expand homeownership for low-income families and communities of color, supporting policies that promote sustainable homeownership and remove barriers to affordable and fair mortgages.

NCLC Co-Director of Advocacy Testifies at CFPB Field Hearing on Abusive Land Contracts

August 13, 2024

Sarah B. Mancini will recommend policy reforms to protect aspiring homeowners from deceptive financing 

Read More about: NCLC Co-Director of Advocacy Testifies at CFPB Field Hearing on Abusive Land Contracts
August 9, 2024
June 14, 2024

Featured

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Fact Sheet for Regulating Shared Appreciation Mortgages; Massachusetts HD3988 / SD913

February 18, 2025

Testimony Against Washington State HESA Bill HB 1464

February 14, 2025

Amicus Brief: Weingot v. Unison Agreement Corp. et al.

January 22, 2025

Home Equity Investment Loans Are Subprime Mortgages: Federal and State Policymakers Should Update Rules to Protect Consumers

October 21, 2024

2025 Consumer Protection Federal Priorities

October 21, 2024

Cracking the Code: Understanding and Overcoming Language Barriers in Consumer Finance

September 24, 2024

NCLC Co-Director of Advocacy Testifies at CFPB Field Hearing on Abusive Land Contracts

August 13, 2024

Myths and Facts About Ways to Increase Small Dollar Mortgage Lending 

August 9, 2024

Policy Recommendations: Ways to Prevent Built-to-Fail Land Contracts and Lease-Options From Hijacking the American Dream of Homeownership 

August 9, 2024

Comments & Letters

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NCLC Comments to CFPB on Fees Imposed in Residential Mortgage Transactions

August 2, 2024

Coalition Letter to FHFA on Federal Home Loan Bank Reform

July 15, 2024

Coalition Letter to Federal Housing Finance Agency on Title Insurance Waiver Pilots

July 12, 2024

Comments to VA on Revisions to VA-Guaranteed or Insured Interest Rate Reduction Refinancing Loans

April 25, 2024

Coalition Comments to the VA Regarding Loan Guaranty: Minimum Property Requirements for VA-Guaranteed and Direct Loans

February 9, 2024

Coalition Letter to Federal Housing Finance Agency Supporting Retention of Loan Purchase Targets for Duty to Serve

December 6, 2023

Coalition Comment Letter to Federal Insurance Office on Climate-Related Data Collection

December 4, 2023

Reconsiderations of Value of Residential Real Estate Valuations: Comments on Proposed Interagency Guidance

September 19, 2023

Comments to Federal Regulators on Quality Control Standards for Automated Valuation Models (AVMs)

August 21, 2023

Reports

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Cracking the Code: Understanding and Overcoming Language Barriers in Consumer Finance

September 24, 2024

Report: How GSE Note Sales Undermine Homeownership

January 30, 2023

Toxic Transactions: How Land Installment Contracts Once Again Threaten Communities of Color

July 14, 2016

Opportunity Denied: How HUD’s Note Sale Program Deprives Homeowners of the Basic Benefits of Their Government-Insured Loans

May 2, 2016

Issue Briefs

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Fact Sheet for Regulating Shared Appreciation Mortgages; Massachusetts HD3988 / SD913

February 18, 2025

Home Equity Investment Loans Are Subprime Mortgages: Federal and State Policymakers Should Update Rules to Protect Consumers

October 21, 2024

2025 Consumer Protection Federal Priorities

October 21, 2024

Myths and Facts About Ways to Increase Small Dollar Mortgage Lending 

August 9, 2024

Policy Recommendations: Ways to Prevent Built-to-Fail Land Contracts and Lease-Options From Hijacking the American Dream of Homeownership 

August 9, 2024

Why Title Reviews Should Not Create Unnecessary Barriers to HAF Assistance

August 1, 2021

Why Homeowner Assistance Fund Programs Should Be Accessible to Homeowners in Bankruptcy

July 1, 2021

Homeowners Need a Homeowner Assistance Fund and Additional Relief to Prevent a Coming Foreclosure Crisis

January 1, 2021

Stabilizing Consumer Finances During and After the Coronavirus Crisis in California

May 19, 2020

Testimony

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Testimony Against Washington State HESA Bill HB 1464

February 14, 2025

Testimony of Sarah B. Mancini on Alternative Home Financing Before the Senate Banking Subcommittee on Housing, Transportation, and Community Development

July 11, 2023

The LIBOR Transition: Protecting Consumers and Investors

November 2, 2021

Press Releases & News

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NCLC Co-Director of Advocacy Testifies at CFPB Field Hearing on Abusive Land Contracts

August 13, 2024

Consumer and Industry Advocates Highlight Measures to Counter Rise in Elder Real Estate Fraud and Financial Exploitation

June 14, 2024

Detroit Free Press: UWM offers 0% down payment mortgages: Here are the risks, who’s eligible

May 31, 2024

Final FHFA Rule on Racial Equity, Language Access, and Fair Lending Oversight Will Aid Underserved Communities

May 1, 2024

Nearly 300 Organizations and a Local Elected Official Urge Biden Administration to Immediately Release Fair Housing Rule

April 18, 2024

CFPB and DOJ Sue Predatory Mortgage Lender for Reverse Redlining, Exploiting Consumers With Limited English Proficiency 

December 21, 2023

The Hill: For mortgage applications, two credit reports are better than three

November 8, 2023

The New York Times: Divvy Wants to Make Rent-to-Own Deals Easy. Many Customers Find Them Hard.

August 1, 2023

ProPublica: Senators Call for Further Oversight, Consumer Protections in Contract for Deed Real Estate Transactions

July 12, 2023

LIBOR

The LIBOR was a benchmark index, also known as a reference rate, commonly used in millions of adjustable rate mortgages, Home Equity Line of Credit (HELOCs), and student loans.

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From the NCLC Digital Library

Mortgage Lending

NCLC’s continuously updated treatise on origination, preemption, and litigation. Including new underwriting standards, automated valuation, and the ability-to-repay requirement, changes to uniform residential loan applications, and more.

Read Chapter One

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