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Policymakers at all levels of government should expand access to homeownership opportunities to help families build wealth and lock in affordable housing payments over the long term.
Policymakers should create and rigorously enforce consumer protections in mortgage lending.
Policymakers should support the creation of permanent affordable homeownership options for people with low and moderate incomes.
Policymakers should issue strong consumer protections against abusive loan servicing practices.
States should have the ability to provide consumers with greater protections.
Policymakers should ensure that the GSEs fulfill their mandate to support credit access to underserved communities, including people with low incomes and people of color.
Congress should ensure the continuity of the HECM program by removing the annual limit on the number of HECMs.
The origination fee for HECM refinances should be lower than for the original loan.