The Vision

Throughout our advocacy efforts, we’ve found that our largest hurdle is that policymakers and regulators do not see private lenders and real estate investors as small business owners who support communities and help homeowners and tenants into properties they would never have had access to otherwise.

Instead, they hold a view popularized by fix-and-flip reality TV, where the failures and business risks are sanitized, the money is easy, and the underlying stories of blighted property recovery remain untold.

Above all, Day on the Hill is our chance to tell the real story of what we do and why we matter.

2019 Day on the Hill – Hearing Chamber for Senate Committee on Finance

2022 Topics & Scheduled (Virtual) Meetings

Scheduled Meetings

Due to COVID-19 and that many Capitol Hill offices are not scheduling in-person meetings, 2022 DOTH will be held virtually on September 20. We are currently scheduling meetings with the offices of Congresspersons and government agencies with an interest in the one of our focus areas. Check back for updates here.

Senator or House Finance Committees (CFPB/HMDA initiatives)
Senate or House Banking Committees  (Eviction Moratoria, Fair Housing)
HUD (Eviction Moratoria, Fair Housing)
CFPB (CFPB/HMDA initiatives)
Urban Institute (REI & Lending Ecosystem)

Synopsis Coming Soon!

The Home Mortgage Disclosure Act covers closed-end mortgage loans, defined as “an extension of credit that is secured by a lien on a dwelling.” This means that HMDA covers business-purpose loans, despite being a consumer regulation geared toward homeowners. Also, while the CFPB released a Small Filer exemption for insured depository institutions or credit unions transacting fewer than 500 closed-end mortgages annually, this provision does not apply to private lenders.

Private lenders filing reports to the CFPB on their business-purpose loans are providing inaccurate data. The result is increased operational costs for private lenders while providing the CFPB with large amounts of non-consumer data that skews its consumer loan reporting. The CFPB has made it clear that it considers monitoring business-purpose loan activity within its mandate. HMDA and its requisite Loan Activity Reports are not going to go away, but we ask that:

  1. The Small Filer exemption be extended to include private lenders.
  2. AAPL be given the opportunity to work with the CFPB to tailor LARs to more accurately and less burdensomely capture business-purpose loan data.

From a big picture perspective, we are asking for consistent and appropriate regulation.

Synopsis Coming Soon!

Synopsis Coming Soon!

2022 D.O.T.H. Details

When: Tuesday, September 20 – VIRTUAL (tentative, subject to change)

VIRTUAL MEETINGS 9:00 – 9:45AM Kickoff
All times Eastern 10:00 – 10:45AM Meeting Track 1
11:00 – 11:45PM Meeting Track 2
1:00PM – 1:45PM Meeting Track 3
2:00 – 2:45PM Meeting Track 4
3:00 – 4:00PM Recap

Organization: Each meeting will be led by a moderator, with meetings comprised of two to three real estate investors and private lenders as applicable to the meeting topic. Each Meeting Track will consist of multiple meetings proceeding concurrently.

2019 Day on the Hill

2022 D.O.T.H. Registration

Because Day on the Hill participants attend the meetings as representatives of the American Association of Private Lenders and Think Realty, registration is not open to the public. If you are interested in attending, please contact us.

Contact us for DOTH registration