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.

Digital Library: Supreme Court Stops Equity Theft in Property Tax Foreclosures

June 1, 2023

This article explains the May 25 Supreme Court decision involving property tax foreclosures, sets out the broad implications of the ruling in states other than just Minnesota, explains rights where a process to recover a surplus after foreclosure exists but is not meaningful, and discusses the proper amount of compensation due to the homeowner. This…

Read More about: Digital Library: Supreme Court Stops Equity Theft in Property Tax Foreclosures
May 1, 2023
April 19, 2023

Featured

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

February 9, 2024

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

December 21, 2023

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

Letter to the FHFA regarding mortgages for new homes backed by the GSE to meet updated energy codes

November 30, 2023

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

November 8, 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

Joint Comments on Adoption of Energy Efficiency Standards for New Construction of HUD- and USDA-Financed Housing: Preliminary Determination

August 7, 2023

Comments & Letters

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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

Joint Comments on Adoption of Energy Efficiency Standards for New Construction of HUD- and USDA-Financed Housing: Preliminary Determination

August 7, 2023

Coalition Comments to FHFA on Equitable Housing Finance, Language Access, and Fair Lending Oversight

June 26, 2023

Group Comments to The Appraisal Foundation on USPAP Fifth Exposure Draft and Advisory Opinions: Nondiscrimination Language

April 28, 2023

Coalition Comment to FHA on 203(k) Rehabilitation Mortgages, Including Energy Efficiency Loans

April 17, 2023

Reports

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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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Contracts That Offer Homeowners Cash for Home Equity Can Be Riskier Than They Look

January 9, 2023

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

Ohio’s New Residential PACE Programs Need Strong Consumer Protections to Prevent Homeowner Abuses

October 29, 2019

Guide for Homebuyers: Tips for Getting a Safe Mortgage You Can Afford

December 1, 2015

Testimony

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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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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

Exploiting the American Dream: NCLC Co-Director of Advocacy to Testify Before Senate Banking on Abusive Land Contracts

July 11, 2023

FHA to Require Mortgage Originators to Ask Borrowers about Language Preference

June 27, 2023

ProPublica: Sarah Bolling Mancini Discusses the Ugly Truth Behind HomeVestors

June 22, 2023

Digital Library: Supreme Court Stops Equity Theft in Property Tax Foreclosures

June 1, 2023

Digital Library: 28 Consumer Rights to Request Information, Company Record Retention Requirements

May 8, 2023

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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