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

September 24, 2024

Comments to HUD’s Proposed Note Sale Rule

September 16, 2024

Comments on HUD’s Handbook for Modernization of Engagement with Borrowers in Default

September 13, 2024

Comments to CFPB Regarding Streamlining Mortgage Servicing for Borrowers Experiencing Payment Difficulties; RESPA Regulation X

September 9, 2024

Coalition Letter to CFPB on Streamlining of Mortgage Servicing

September 9, 2024

Coalition Letter to CFPB Commenting on the Bureau’s Proposal to Expand Language Access in the Mortgage Market

September 9, 2024

Joint Letter to the CFPB on Language Access in Mortgage Servicing

September 9, 2024

“What the Heck, Dude!”: How States Can Fight Rental Housing Junk Fees

September 5, 2024

What the Heck, Dude! New Report Focuses on How States Can Fight Rental Housing Junk Fees

September 5, 2024

Comments & Letters

View All for Comments & Letters
Comments to HUD’s Proposed Note Sale Rule

September 16, 2024

Comments on HUD’s Handbook for Modernization of Engagement with Borrowers in Default

September 13, 2024

Comments to CFPB Regarding Streamlining Mortgage Servicing for Borrowers Experiencing Payment Difficulties; RESPA Regulation X

September 9, 2024

Coalition Letter to CFPB on Streamlining of Mortgage Servicing

September 9, 2024

Coalition Letter to CFPB Commenting on the Bureau’s Proposal to Expand Language Access in the Mortgage Market

September 9, 2024

Joint Letter to the CFPB on Language Access in Mortgage Servicing

September 9, 2024

Comments on FHA Defect Taxonomy

August 26, 2024

Texas Comment Letter to FEMA on Equity Interim Final Rule

July 22, 2024

Coalition Letter to FHFA on Federal Home Loan Bank Reform

July 15, 2024

Reports

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

September 24, 2024

“What the Heck, Dude!”: How States Can Fight Rental Housing Junk Fees

September 5, 2024

Keeping it in the Family: Legal Strategies to Address the Challenge of Heirs Property and Prevent Home Loss

January 29, 2024

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

November 2, 2023

Property Tax Foreclosures on Heirs Property: The Devastating Consequences and Recommendations for Prevention

August 22, 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

Issue Briefs

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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

Reforming Property Tax Foreclosure Laws to Promote Sustainable Homeownership

May 22, 2024

Homeowners at Risk: Nationwide Survey Reveals Critical Gaps the CFPB Must Address to Prevent Foreclosures

February 21, 2024

What States Can Do to Reduce Property Tax Foreclosures

October 10, 2023

Heirs Should Not Be Subject to Florida’s Homestead Tax Exemption Penalty

August 22, 2023

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

February 22, 2023

2023-2024 Consumer Protection Federal Priorities

January 13, 2023

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

January 9, 2023

Testimony

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Testimony of Steve Sharpe Before U.S. House Committee on Veterans’ Affairs Regarding the State of the U.S. Department of Veterans Affairs (VA) Home Loan Guaranty Program

February 15, 2024

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

July 11, 2023

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 & News

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What the Heck, Dude! New Report Focuses on How States Can Fight Rental Housing Junk Fees

September 5, 2024

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

August 13, 2024

Legislation to Reduce Property Tax Foreclosures Clears Budget Hurdle

July 22, 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

Consumer and Industry Advocates Outline Reforms to Property Tax Foreclosure Laws to Promote Sustainable Homeownership

May 22, 2024

NCLC Advocates Promote Consumer Protections for Energy Efficiency Financing in New Book

May 20, 2024

Digital Library: Three Important New Protections Preventing Home Foreclosures

May 14, 2024

HUD Takes Aim at Discriminatory Practices by Tenant Screening Companies and Housing Providers

May 3, 2024

Amicus Briefs

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Amicus Brief: Voss v. Quicken Loans, LLC et al.

August 22, 2024

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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