View or download a PDF of the letter here.
Americans for Financial Reform joined more than a dozen consumer and community advocacy groups opposing the Shared Home Appreciation for Residential Equity Act, that would provide a tax haven for Home Equity Investment lender profits from loans to lower- and middle-income borrowers. This would incentive Wall Street investors to target Home Equity Investment loans to financially fragile families, who are frequently unable to afford their high lump-sum payments and risk losing their homes.