Congress
HIGHLIGHT
In 1994, the average home cost about $150,000, and almost no one had ever heard of a subprime loan. That was also the year when Congress last took any major action against predatory mortgage lending. Today federal lawmakers are playing catch-up as they consider key legislation to stop foreclosures and strengthen protections against abusive lending practices.
Search Mortgage Lending - Policy & Legislation - Congress
Browse Mortgage Lending - Policy & Legislation - Congress
- Federal Preemption Favors Predatory Lending
November 2, 2007CRL is opposed to Federal preemption of state consumer protection laws as it is unnecessary and harmful to homeowners
- Common-Sense Solutions to the Subprime Foreclosure Crisis: Support H.R. 3915
November 2, 2007CRL proposes four policy recommendations that focus on removing obstacles that prevent systematic, sustainable loan modifications
- The Right of Rescission: The Minimum Remedy Needed to Make Wall Street Accountable for Buying Abusive Subprime Loans
November 2, 2007CRL supports right of rescission in H.R. 3915
- Assignee Liability
November 2, 2007CRL supports assignee liability and feels H.R. 3915 provides reasonable, common-sense provisions
- Straightening Out the Mortgage Mess: How Can We Protect Home Ownership and Provide Relief to Consumers in Financial Distress – Part 2
October 30, 2007 - Support HR 3915: Mortgage Reform and Anti-Predatory Lending Act of 2007
October 24, 2007Overview and explanation of the Mortgage Reform and Anti-Predatory Lending Act of 2007
- Legislative Proposals on Reforming Market Practices
October 24, 2007 - Loan Modifications in Bankruptcy do not Hurt Mortgage Markets
October 7, 2007CRL discusses five reasons why it feels loan modifications in bankruptcy will not hurt mortgage markets
- Mortgage Industry making few loan modifications to help keep borrowers in their homes
October 7, 2007CRL urges Congressional action to enable bankruptcy courts to order loan modifications, which would be in the interest of borrowers and investors alike.
- Straightening Out the Mortgage Mess: How Can We Protect Home Ownership and Provide Relief to Consumers in Financial Distress
September 25, 2007
