Save Our Homes Act

The Save Our Homes Act (H.R. 2531) was designed to increase transparency in the mortgage industry and provide stronger protections for homeowners against high-cost loans. The bill would require lenders to publicly disclose detailed information about mortgage rates and fees, broken down by the borrower’s age, race, gender, and income level, to help identify potential lending disparities. Additionally, it would expand the definition of "high-cost mortgages" to trigger stricter consumer protections, prohibit certain predatory lending practices, and hold creditors accountable for violations committed by mortgage brokers.