This is a Fact Sheet in opposition to MA S.705 & H.1106: An Act relative to home investments. This is an industry bill that is being run across the country that defines shared appreciation agreements as not being residential mortgage loans, thus exempting them from federal and state mortgage lending rules and protections.
Read More about Massachusetts H.1106 Will Legalize Hiding Dangerous Mortgage Terms
The government will now only address illegal discrimination in the rare instances when the bad actor is caught red-handed.
Read More about Presidential Action Enables Discrimination in Housing and Lending
NCLC experts and authors Sarah Mancini and Andrea Bopp Stark walk through the NCLC Digital Library Housing Toolbox—a powerful resource designed to help you tackle some of the most complicated and urgent housing law challenges including zombie second mortgages, tangled titles, and mortgage servicing pleadings. Navigate the NCLC Digital Library’s vast collection of legal tools…
Watch Recording Read More about NCLC Digital Library Toolbox Webinar: Housing Topics
The document is the NCLC/CRL Statement for the Record for the March 11, 2025 Subcommittee on Economic Opportunity Legislative Hearing.
Washington State HB 1464 regarding home equity sharing agreements will expose Washington homeowners to a dangerous loan product. The bill lacks adequate protections and codifies the deceptive claim that these products are not loans. NCLC urges legislators to oppose it.
Read More about Testimony Against Washington State HESA Bill HB 1464
In November 2024, a provision in the Economic Development bill (Section 269) created a dangerous loophole for homeowners by granting a blanket waiver of liability for non-profit Shared Appreciation Mortgages (SAMs), stripping away crucial consumer protections and leaving homeowners vulnerable to predatory lending practices. S.731 / H.1145 closes the loophole created by Section 269 and…
With the assistance of Gupta Wessler, we filed for leave to file an amicus brief in Weingot v. Unison Agreement Corp. (E.D.N.Y.) to assist the court in reaching a decision on the first case involving a home equity investment loan to reach summary judgment. The brief provides background on Unison’s business model and support for…
Read More about Amicus Brief: Weingot v. Unison Agreement Corp. et al.
The Mortgage Conference in Los Angeles, California features expert-led sessions on the fundamentals of mortgage law and the latest updates on foreclosure prevention policies and practices.
NCLC will pursue common-sense regulatory and legislative reforms to ensure fairness, fight fraud, and protect consumers in 2025.
This report covers the ways that financial institutions across the financial services industry serve, or fail to serve, people with limited English proficiency.
Sarah B. Mancini will recommend policy reforms to protect aspiring homeowners from deceptive financing
