Older Consumers Archive

Policy Analysis

Policy Briefs, Reports & Press Releases

• Press Release: NCLC Sues Nationstar Mortgage for conducting unnecessary reverse mortgage inspections, May 4, 2016
• Policy brief: Priorities for Consumers with HECM Reverse Mortgages, September 2015
• Press Release: Advocates Applaud HUD on New Reverse Mortgage Policy that Could Reduce Foreclosures on Surviving Spouses, June 2015
• Surviving the Borrower: Assumption, Modification, and Access to Mortgage Information after a Death or Divorce by Sarah Bolling Mancini and Alys Cohen, Pepperdine Law Review (forthcoming 2016), September 18, 2014
• Past, Present and Future Threats to Federal Safety Net Benefits in Bank Accounts, Margot F. Saunders, Johnson M. Tyler, University of North Carolina Banking Law Journal, Feb. 2012
• Report: Runaway Bandwagon: How the Government’s Push for Direct Deposit of Social Security Exposes Seniors to Predatory Bank Loans (July 2010)
• Report: Subprime Revisited: How Reverse Mortgage Lenders Put Older Homeowners’ Equity at Risk (Oct. 2009)

Comments and Testimony

• Comments to the U.S. Housing and Urban Development re: Federal Housing Administration (FHA) strengthening the Home Equity Conversion Program, July 18, 2016
• Testimony of NCLC Director of Litigation Stuart Rossman before the U.S. Senate Committee on Aging re: pension advance schemes, Sept. 30, 2015

• NCLC comments to the U.S. Department of Housing and Urban Development regarding the Alternative Option for Claim Payment Announced in Mortgagee Letter, Feb. 3, 2015
• NCLC comments to the U.S. Department of Housing and Urban Development on Changes to the Home Equity Conversion Mortgage Program Requirements: Financial Assessments, Oct. 15, 2013
• Testimony of NCLC attorney Odette Williams before the U.S. Senate Banking subcommittee on Long Term Sustainability for Reverse Mortgages: HECM’s Impact on the Mutual Mortgage Insurance Fund, June 18, 2013
• NCLC Comments to the CFPB re: Consumer Use of Reverse Mortgages, Aug. 31, 2012
• Testimony of NCLC attorney Margot Saunders before the U.S. House of Representatives Subcommittee re: Impact on Recipients of the Mandate for Direct Deposit of Social Security Benefits, September 12, 2012
• NCLC Comments to the Consumer Financial Protection Bureau re: Senior Financial Exploitation, Aug. 20, 2012
• Comments to the Federal Reserve Board re Truth in Lending – Right of Rescission, Reverse Mortgages and other topics – Proposed Rule [Docket No. R-1390], Dec. 23, 2010