Comments have been submitted on behalf of civil rights and consumer advocacy organizations in support of the Federal Housing Finance Agency's notice of proposed rulemaking on Equitable Housing Finance and Fair Lending Supervision.
Originally appearing in The Wall Street Journal on June 4, 2023, Nicole Friedman and Ben Eisen discuss long-dormant mortgages that are coming back to bite with NCLC’s Andrea Bopp Stark. “All of a sudden we saw these second mortgages come out from under the woodwork. It’s a moneymaking opportunity.” Andrea Bopp Stark, a senior attorney…
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
Joint comments were filed by NCLC, other consumer groups, and others on problems with the NAIC’s proposed model state law for regulating private mortgage insurance, drafted by the Center for Economic Justice
Read More about Consumer Comments on NAIC Revision Model Private Mortgage Insurance Act
Co-published with The Dallas Morning News and Shelterforce and appearing in ProPublica on May 11, 2023, Anjeanette Damon, Byard Duncan and Mollie Simon detail a ProPublica investigation that found HomeVestors franchisees used deception and targeted the elderly, infirm, and those close to poverty and quotes NCLC’s Sarah Bolling Mancini. “If your business model is convincing homeowners to sign…
Read More about ProPublica: The Ugly Truth Behind 'We Buy Ugly Houses'
In the comment, NCLC urges FHFA to focus its social impact bond program on reducing the racial homeownership gap and on supporting expanded homeownership for other underserved communities.
Read More about NCLC Comment to FHFA Single Family Social Bond Request for Information
