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Homeownership & Foreclosure

Homeownership plays a key role in economic mobility. Yet Black homeownership rates are lower than a decade ago, and Black and Latino homeowners face the greatest risk of foreclosure. NCLC seeks to expand access to sustainable homeownership for low-income consumers and communities of color by removing barriers to affordable mortgages and establishing solutions for homeowners seeking to save their family home in the face of economic hardship.

Key Topics

FHA Loans

Working to preserve affordable homeownership in the Federal Housing Administration loan program.

Libor

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

Manufactured Housing

Promoting sustainable practices for consumers in manufactured housing.

Mortgage Lending

Promoting sustainable and equitable homeownership for low-income families.

Mortgage Servicing & Foreclosures

Preserving homeownership with foreclosure prevention and servicing advocacy.

Property Assessed Clean Energy (PACE) Loans

Protecting PACE borrowers against fraud, unaffordable loans, and foreclosure.

Reverse Mortgages

Working to keep reverse mortgages safe and prevent foreclosures.

State Foreclosure Laws & Policy

Promoting state policies and using state law to prevent foreclosure.

Featured

Recent Resources

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

June 1, 2023

Nketiah “Ink” Berko Returns to NCLC as Equal Justice Works Fellow

May 11, 2023

ProPublica: The Ugly Truth Behind ‘We Buy Ugly Houses’

May 11, 2023

Letter to HUD on Modernization of Engagement With Single Family Mortgagors in Default

May 9, 2023

Digital Library: Special Mortgage Topics

May 1, 2023

NBC News: “With car repossessions and home foreclosures rising, some Americans are living on a financial cliff”

April 29, 2023

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

April 28, 2023

Leading Civil Rights and Housing Groups Support FHFA’s Critical Updates to the Mortgage Pricing Framework

April 28, 2023

Bloomberg Law: “CFPB Warns Debt Collectors on Time-Barred ‘Zombie’ Mortgages

April 26, 2023

Comments & Letters

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Letter to HUD on Modernization of Engagement With Single Family Mortgagors in Default

May 9, 2023

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

April 28, 2023

Coalition Letter Supporting Final Rule on Affirmatively Furthering Fair Housing

April 24, 2023

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

April 17, 2023

Comments on the USDA Rural Housing Service’s Proposed Rule Regarding Mortgage Recovery Advances

March 28, 2023

Comments to HUD in Response to Proposed Rule Entitled Strengthening the Section 184 Indian Home Loan Guarantee Program

March 17, 2023

Comments to HUD Regarding Mortgagee Letter 2023-03

March 7, 2023

Group Letter to the VA Regarding Incorporating Civil Rights and Consumer Perspectives in Appraisal Policies

February 8, 2023

Joint Letter to The Appraisal Foundation Regarding USPAP Exposure Draft: Nondiscrimination Language

February 3, 2023

Reports

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Compendium of Existing Laws that Foster Resident Ownership of Manufactured Home Communities

March 14, 2023

Too Damn High: How Junk Fees Add to Skyrocketing Rents

March 13, 2023

Report: How GSE Note Sales Undermine Homeownership

January 30, 2023

Summary of State Manufactured Home Notice and Right of First Refusal Laws

January 1, 2021

Appendix C: Long Summaries of Loss Mitigation Rules for Government-Backed Loans

February 19, 2020

Obtaining Mortgage Relief for Victims of Disasters: A Practice Guide for Advocates

February 15, 2020

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

July 14, 2016

Stopping Foreclosures with the RESPA Servicing Rules

June 24, 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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Home Equity Lines of Credit Gaps in Coverage & Exemptions from Regulations

February 22, 2023

2023 Consumer Protection Federal Priorities

January 13, 2023

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

January 9, 2023

Advocating at the Local Level

September 28, 2022

Homeowner Assistance Fund: Overview and FAQs

May 1, 2022

Fighting Zombie Second Mortgages: Helping Borrowers Whose Second Mortgages Have Been Dormant for Years and Are Now Coming to Life to Feed on the Equity in Their Homes

April 1, 2022

Ensuring Access to Sustainable Homeownership: 2022 Priorities

March 1, 2022

FAQ: Homeowner Assistance Funds and Reverse Mortgages

March 1, 2022

2022 Consumer Protection Federal Priorities

February 18, 2022

Testimony

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Testimony Before the Connecticut General Assembly Regarding Raised Bill No. 988

February 14, 2023

Testimony Before Maryland General Assembly Regarding H.B. 23

January 24, 2023

Testimony Regarding MD H.B. 71, the Manufactured Housing Modernization Act

January 21, 2022

The LIBOR Transition: Protecting Consumers and Investors

November 2, 2021

Press Releases

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Nketiah “Ink” Berko Returns to NCLC as Equal Justice Works Fellow

May 11, 2023

Leading Civil Rights and Housing Groups Support FHFA’s Critical Updates to the Mortgage Pricing Framework

April 28, 2023

CFPB to Host Field Hearing on “Zombie Second Mortgage Debt” in Brooklyn

April 20, 2023

Federal Housing Finance Agency to Codify Collection of Mortgage Applicants’ Language Preference

April 19, 2023

Advocates Welcome Mandatory Collection of Language Preference Data by Fannie Mae and Freddie Mac

March 1, 2023

Reverse Mortgage Servicing Problems Put Homeowners At Risk

February 6, 2023

Advocates Praise FHA’s Expansion of Access to Foreclosure Alternatives

January 31, 2023

Fannie Mae/Freddie Mac Note Sales Undermine Homeownership

January 30, 2023

Advocates Applaud Federal Housing Finance Agency’s Move to Require Mortgage Lenders to Obtain Applicants’ Language Preference

May 3, 2022

Amicus Briefs

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Amicus Brief in Tyler v. Hennepin

March 6, 2023

Amicus Brief in Massachusetts Fair Housing Center and Housing Works, Inc. v. HUD

October 13, 2020

Amicus Brief in the Township of Mount Holly v. Mt. Holly Gardens Citizen in Action

October 28, 2013

Amicus Brief in First American Financial Corporation v. Denise P. Edwards

October 18, 2011

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