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Law Seeks to Promote Indian Home Ownership

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Law Seeks to Promote Indian Home Ownership

Law

Law Seeks to Promote Indian Home Ownership

Law Seeks to Promote Indian Home Ownership

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  • <iframe src="https://www.npr.org/player/embed/3812301/3812302" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

New tribal laws may enable more Native Americans to obtain home mortgages. Tribal ownership laws had previously made lenders reluctant to make home loans to Indians who planned to build on reservations. The new laws will give banks a way to foreclose in the event that a homeowner defaults on a mortgage. Kathy Witkowsky reports.