Sharon Cornelissen

"Without #mortgages, families cannot become #homeowners, cash investors have free reign, and communities struggle to build wealth." @sjccorn.bsky.social
@usatoday.com #MortgageDesert

www.usatoday.com/story/money/...

New Report Discovers Mortgage Deserts Exist Nationwide, Most Often in Communities with a Higher-Than-Average Share of Black Residents · Consumer Federation of America A new report from the Consumer Federation of America, Mortgage Deserts: Mapping Which Rural and Urban Communities Remain Left Behind by Mortgage Finance, shows that despite decades of federal policy e...

NEW REPORT: “Mortgages remain scarce in too many places," said @sjccorn.bsky.social “From rural #Georgia to rural #Texas and from #Baltimore to #Detroit, without #mortgages, families cannot become #homeowners
#MortgageDeserts

YouTube video by Consumer Federation of America Fannie Mae & Freddie Mac support affordable mortgages & help more Americans become homeowners

What are #FannieMae & #FreddieMac and what would it mean to end their #Conservatorship ?
#AffordableHousing
Learn more with CFA’s Fact Sheets:
consumerfed.org/in_the_media...

youtube.com/shorts/Zqno3...

CFA Applauds Passage of Homebuyer Privacy Protection Act · Consumer Federation of America The Consumer Federation of America applauds the passage of the Homebuyer Privacy Protection Act. This important, bipartisan consumer protection legislation, supported by leading consumer and housing i...

“Buying a #house is already one of the most stressful purchases people will ever make. This bill is an important win for the #privacy of #homebuyers across the country." @sjccorn.bsky.social

“In many cases, it’s more expensive to have a low #CreditScore than to live in a high-risk area.” - @sjccorn.bsky.social @cplusc.bsky.social

“Your #CreditScore shouldn’t determine whether you can afford to #Insure your home.” @sjccorn.bsky.social

Watch the full story here: www.azfamily.com/video/2025/0...

From GAO: https://www.gao.gov/assets/gao-24-106643.pdf

Housing markets =*local*! Ofc institutional single-family rental (SFR) investors aren't big % nationally, but own large % of (SFRs) in some metros:

e.g., Atlanta: 25% Jacksonville: 22% Charlotte: 18%

& b/c they target certain *parts* of metros, means even larger %s in many parts of these metros.

I’m not at @asanews this year, but guess who and what is? The wonderful Taylor and Guillermina posing with my book #LastHouse! If you are at #ASA2025 stop by at the Chicago press table to have a preview of this #Detroit ethnography on failed #gentrification!

Rural Homeownership Support Requires Home Construction, Repairs, and Small Mortgage Financing The nation’s housing challenges are often framed within the context of cities: Boston’s high and rising rents, San Francisco’s brutal and persistent homelessness, and New York’s cramped and expensive ...

The nation’s #Housing challenges are often framed within the context of cities, yet #rural communities also struggle to provide residents with high-quality, affordable #homes. Takeaways from eastern #Kentucky provide lessons for other states. @pewresearch.org @sjccorn.bsky.social

Fannie and Freddie may use new credit scores. Will it help you get a mortgage? The regulator of Fannie Mae and Freddie Mac wants to allow mortgage lenders to use an alternative credit score to FICO for borrower applications.

“We need more competition among #credit bureaus and an end to monopolistic practices to lower prices and improve accuracy," @sjccorn.bsky.social #mortgage

Figure 1 shows Distribution of Families with Changes in Resources Due to Selected Policies in the House Budget Reconciliation Bill.

Of the 22.6 million #families who would end up with less resources under the reconciliation bill, more than half are at or below the #poverty level. New #research shows losses will far outweigh gains for the lowest income families. urbn.is/4l9JXwA

Important win. #Redlining is still illegal — and there is no take-backsies on legal settlements

@riquier.bsky.social

Being a Dad Is More Expensive in Trump’s America - Groundwork Collaborative

Bottom line: Being a Dad is more expensive in Trump’s America.

From golf equipment and grills to tools and lawnmowers, Trump's tariffs are making Dad's favorite items more expensive.

We've broken down the price increases item by item 👇

great to hear you at Consumer Assembly today — will keep an eye on your summer beach read 🏝️📟

“They’ve hollowed out the #CFPB & other #Housing Agencies… Federal oversight is not happening right now.”
- Alys Cohen, @nclc4consumers.bsky.social

@danimmergluck.bsky.social I guess I must be doing something right

odd #housingadvocacy accomplishment of the month: got personally blocked by Bill Pulte, our nation’s top #housing regulator at FHFA (appointed by 🌮 and who communicates all policy through X…)

A Government-Sponsored Banking System that Spends More on Salaries than on Housing? An Analysis of 2024 Financial Data · Consumer Federation of America The Federal Home Loan Bank (FHLB) System recently released its 2024 combined financial report. A review of 2024 data shows that this government-sponsored enterprise (GSE) has drifted from its public m...

In 2024, #FHLBanks paid 31 executives more than $1 million each in compensation. Lavish spending on compensation and salaries is not going to help solve America’s #HousingCrisis @sjccorn.bsky.social
Learn more in our latest blog ⤵️
consumerfed.org/a-government...

Many people in north St. Louis may have lacked homeowners insurance when storms hit If you are among those who are without coverage and sustained damage to your property, the Midwest Newsroom and STLPR invite you to share your story with us.

“A lot of people are living on the edge, where a #storm happens, and they can lose everything,” @sjccorn.bsky.social said. “This is not just important for #homeowners and families in St. Louis, it's a national problem too.” #stlouistornado

New report reveals how one fast-growing expense is impacting homeowners: 'Many may feel like they can never own a home' A report from the Consumer Federation of America found that the average yearly home insurance premium in Utah has increased by almost $700.

"Our #insurance crisis is increasingly also a #housing crisis. These are not separate." @sjccorn.bsky.social

There is a lot of talk about our #housingcrisis, but what is the Administration actually doing? Recent actions at #HUD and #FHFA are making #housing affordability and access worse, not better. Read our letter below 👇🏠

Blaming consumers for 'mortgage fraud' won't solve our housing crisis When supposed "fraud" becomes the headline, real solutions get pushed to the margins. In the case of housing, the real crisis is about housing affordability and supply.

Why is our nation’s top housing regulator #FHFA blaming consumers for our #housing crisis? It’s a distraction to sidestep real solutions. Read my new Op-Ed here: www.americanbanker.com/opinion/blam...

Drawing on a case study from Eastern #Kentucky, our new report looks at today’s #HousingCrisis in #Rural areas, with a focus on low-income #homeownership
By @sjccorn.bsky.social

Learn More: consumerfed.org/reports/rura...

congratulations! 😍 Hope you celebrate appropriately / bookishly

A flyer for the New England Town Hall entitled "United in Justice" with photos of Massachusetts AG Andrea Joy Campbell, Rhode Island AG Peter Neronha, Connecticut AG William Tong, Maine AG Aaron Frey, Vermont AG Charity Clark

New England is fighting back 🔥

Join me and my fellow Dem AGs here in Boston for a Town Hall at IBEW 103 to talk about what's at stake for New England and the road ahead.

📆 Friday, May 16th
⏰ Doors open at 6PM
📍 IBEW Local 103, Boston, MA
🎫 RSVP: www.eventbrite.com/e/new-englan...

it’s getting real: I’m reading the book proofs of the Last House on the Block! This #ethnography is about failed #gentrification and struggles to maintain a home and community after #urbandecline. Available for pre-order: press.uchicago.edu/ucp/books/bo...

Wonder what our #housingcrisis looks like in poor, #rural communities? I went to Eastern #Kentucky to learn more — find out in our new report 👇🌄

the most vulnerable communities are usually the last to benefit from an economic upswing, and the first to be hit during downturns. The prospect of extensive federal program cuts will only make this dynamic worse (ranging from section 8 #housing support and #FEMA cuts to opioid crisis funding cuts)

U.S. District Court Pauses Mass Firings at CFPB CFPB Employees Union, NCLC, and Others Filed Motion to Show Cause After Layoffs Appear to Violate Court’s Preliminary Injunction

“Hundreds of thousands of consumers file complaints each year with the CFPB over big mistakes and other problems with their credit reports." The #CFPB "has terminated almost all of the people who handle complaints." @chichiwu.bsky.social #ProtectConsumers #HandsOffCFPB www.nclc.org/u-s-district...