Housing Justice
2025 End of Session Report
Yesterday was the last day of the legislative session and although it was a cool, gray, rainy day, there were still moments when the rain stopped, and the sun burst through. This is an apt description of this year's legislative session as well. At a time when economic protections and policies to promote racial equity are being decimated, and the Consumer Financial Protection Bureau is currently on life support, Maryland’s General Assembly passed some great bills, some good bills, and some very bad bills for working families. Below are some of the bills that Economic Action was thrilled to lead ...
Help Protect Maryland Homeowners from Foreclosure!
Maryland, Alabama, and Connecticut are the only three states in the country that do not have a statute of limitations for foreclosures. Statutes of limitations establishes the time limit for bringing a foreclosure action. Essentially, it means that if a homeowner misses mortgage payments, a foreclosure action must begin before the time runs out. This provides clarity for the homeowner and ensures that mortgage servicers have an incentive to work with homeowners to refinance the mortgage to a more affordable payment or begin foreclosure proceedings in a timely fashion. Forty-seven states already do this which means that mortgages lenders and ...
Protect Maryland Residents from Foreclosure on Zombie Mortgages!
Maryland, Connecticut, and Alabama are rarely thought of as a trio; they are located in different regions in the U.S. with distinct food, culture, cities, and natural environments. They share one unfortunate trait: Maryland, Alabama, and Connecticut are the only three states in the country that do not have a statute of limitations for foreclosure. Statutes of limitations establishes the time limit for bringing a foreclosure action. Essentially, it means that if a homeowner misses mortgage payments, a foreclosure action must begin before the time runs out. This provides clarity for the homeowner and ensures that mortgage servicers have an ...
Major Federal Housing Policy Changes
Below is information from the National Housing Resource Center about a series of significant policy changes recently announced by the Federal Housing Administration (FHA) and the Federal Housing Finance Agency (FHFA). These changes impact mortgage eligibility, tenant protections, housing equity efforts, and fair lending requirements. FHA Changes – Effective May 25, 2025 Residency Requirement Update: Only U.S. citizens and lawful permanent residents will be eligible for FHA-insured loans. Non-permanent residents will no longer qualify for FHA financing. Borrowers must provide valid documentation, such as a Permanent Resident Card (Green Card) Read the mortgagee letter here. (Link opens a PDF.) The ...
Post-Crossover Update: Heading To the Finish Line
Last Monday, March 17 wasn’t just St. Patrick’s Day. It was also ‘crossover day,’ the day by which a bill had to pass out of one chamber of the General Assembly in order to have a good chance of final passage by Sine Die, the last day of the 2025 legislative session on Monday, April 7. It wasn’t the luck of the Irish, it was the hard work of our policy team, our bill sponsors, our partners and supporters that led to 14 bills we’ve led and supported making it across this critical legislative hurdle. A few highlights include: HB268/SB981: ...
Voting Today — Stop Zombie Mortgages!
Today, the House and Senate will be voting on a bill that will roll back decades of consumer protection law and make it easier for zombie mortgage purchasers to enter the state. Because the turnaround rate on this bill from hearing to voting session is so quick, we need your help NOW to keep this bill from passing. The bill, HB1516/SB1026, introduced by Governor Moore’s Office of Financial Regulation, would allow predatory debt buyers to avoid oversight, investigation, regulation, and enforcement. It protects predatory zombie debt buyers instead of hardworking Maryland families. An NPR report found that more than 700 ...
Stop Zombie Mortgages from Running Rampant! Urge Your Legislator to Vote NO on HB1516/SB1026
An NPR report found that more than 700 homeowners in Maryland are facing foreclosure on second mortgages that they believed were resolved or died years ago. Yet these zombie mortgages are rising now to feast on the rising equity in many Maryland homes. The vast majority of these foreclosures on second-mortgages are concentrated in Baltimore City and Prince George's County, which means Black and Brown homeowners are disproportionately affected by these foreclosures, just as they were hardest hit by predatory mortgage products. Yet, Governor Moore’s Office of Financial Regulation has introduced HB1516/SB1026, which will allow these predatory debt buyers to ...
Strengthen Fair Housing in Maryland, Urge Your Legislators to Vote YES on HB392/SB107
Background In 2023, there were 198 fair housing complaints in the Baltimore Metro region. At Economic Action, we’ve received many fair housing complaints with a large number of complaints based on access to reasonable accommodations to assist residents with a disability. To determine whether housing providers are discriminating against Marylanders due to race, gender, ethnicity, how someone pays for their rent, or other protected reasons, fair housing organizations conduct tests to see if discrimination exists. The Problem In 39 states including Virginia and the District of Columbia, fair housing testers use an audio recording to accurately capture the conversation with ...
Contact Your Legislators and Stop Out of Control Utility Bills!
Background In 2013, the Maryland General Assembly passed legislation to allow gas utilities to add a surcharge to customers' bills as an incentive for utilities to install new pipes– the STRIDE program. As passed, the law does not require utilities to prioritize cost effectiveness nor safety resulting in excessive and wasteful spending. Gas utilities have spent billions on new pipes and equipment, leading to massive rate hikes. Utilities have reaped enormous profits without commensurate community benefits. For example: In 2023 BGE spent about $160 million on its STRIDE plan. After accounting for BGE’s profits and interest, that $160 million will cost ...
Urge Your Maryland Senator to Vote YES on SB609
Background In 2023 53.3% of Maryland tenants spent more than 30% of their income on rent. The real costs of housing, insurance, utilities, and food prices have increased 22% since 2020. In 2024, our Baltimore City clients saw a 13% increase in rents from 2023, more than double the average for clients in other counties/cities outside the Baltimore metro region. Apartment complexes in Maryland have been using private tenant data to fix prices and increase rent by colluding with RealPage, a company that provides revenue management software to apartment complexes. This software collects private data on rental prices and uses ...