Policy & Legislation
During the years that led up to the subprime mortgage crisis, Congress was notably passive in dealing with the proliferation of abuses that flourished in a reckless lending environment. The foreclosure crisis that triggered today’s economic problems underscores the need for sensible regulations and protections. Today there are many reforms being weighed and balanced in Washington and in the states. Here we help you keep abreast of proposed policies and their pros and cons.
Search Mortgage Policy & Legislation
Browse Mortgage Policy & Legislation
- Civil Rights Groups to Federal Regulators: We Support Aligning Mortgage Rules and Oppose Down Payment Requirements
October 31, 2013
A host of civil rights and fair housing groups joined with CRL in submitting comments to federal financial regulators and HUD.
- CRL Testimony to Senate Banking Committee : Preserve What Works, Reform What Needs Change
October 29, 2013
In testimony before the Senate Committee on Banking, Housing, and Urban Affairs, Eric Stein, CRL Senior Vice-President, reminded lawmakers that consumer concerns must not be lost in proposed housing finance reforms.
- Fixing What Went Wrong and Building on What Works in Housing Finance
October 17, 2013
CRL proposes housing policy reforms for the GSEs.
- Civil Rights Leaders on Mortgages: Preserve Access and Low Down Payments
September 12, 2013
- Consumer Financial Protection Bureau Offers Four Paths to Qualified Mortgage Status
September 11, 2013
An overview of the Qualified Mortgage (QM) definition.
- Monitor Report: 643,000 Borrowers Received Over $51 billion in Benefits
September 6, 2013
AG Mortgage Settlement report shows 643,000 borrowers benefitted from AG settlement.
- Government-Mandated Down Payment Standards Would Harm the Economy, Deny Homeownership to Credit-Worthy Families
August 15, 2013
Government mandated down payments would deny homeownership opportunities.
- CRL Testimony: Prioritize Safe and Affordable Mortgage Access
July 19, 2013
Michael Calhoun, CRL President, testified before a House Financial Services Committee hearing on housing finance reform and the future of homeownership.
- CRL to Regulators: Align Qualified Mortgage (QM) and Qualified Residential Mortgage (QRM) Rules
June 28, 2013
As regulators move to define Qualified Residential Mortgages (QRMs), CRL urges the same standard that CFPB defined for Qualified Mortgages (QM).
- Dodd-Frank Act Balances Access to Credit and Key Protections
June 18, 2013
Michael Calhoun, CRL President, testified before a House Financial Services Subcommittee on Dodd-Frank's impact on homeownership. He said that, as a whole, these rules expand access to credit while ensuring that loans are sustainable for borrowers.