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.
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Browse Mortgage Lending - Policy & Legislation - Congress
- Evolution of an Economic Crisis? The Subprime Lending Disaster and the Threat to the Broader Economy
September 19, 2007Martin Eakes testifies before Senate re Evolution of an Economic Crisis? The Subprime Lending Disaster and the Threat to the Broader Economy
- Ending Mortgage Abuse: Safeguarding Homebuyers
June 27, 2007Testimony of Michael D. Calhoun before U.S. Senate Committee on Banking, Housing and Urban Affairs - Subcommittee on Housing, Transportation, and Community Development
- The Role of the Secondary Market in Subprime Mortgage Lending
May 8, 2007Testimony of Michael D. Calhoun, President, Center for Responsible Lending before the U.S. House Committee on Financial Services Subcommittee on Financial Institutions and Consumer Credit
- Calhoun: Are Legislative Remedies to Limit Predatory Lending Really Remedies?
March 29, 2007Mike Calhoun argues that legislative remedies to limit predatory lending have helped, but not solved the problem
- Foreclosure, Predatory Mortgage and Payday Lending
March 21, 2007Testimony discusses development of subprime market, inequities and foreclosures having a devastating effect in areas including urban areas with high concentrations of minorities
- Preserving the American Dream: Predatory Lending Practices and Home Foreclosures
February 7, 2007Eakes discusses predatory lending and foreclosure crisis
- Calculated Risk: Assessing Non-Traditional Mortgage Products
September 20, 2006Calhoun urges federal regulators to require subprime lenders to evaluate borrower’s ability to repay before making a mortgage loan, and also by strengthening enforcement against unscrupulous lenders
- Home Mortgage Disclosure Act: Newly Collected Data and What It Means
June 13, 2006Ernst proposes ways to strengthen the Home Mortgage Disclosure Act (HMDA)
- The Price of Ownership: What the Home Mortgage Disclosure Act Reveals About Minorities and Lending
June 27, 2005Ernst urges reform of Home Mortgage Disclosure Act (HMDA)
- Legislative Solutions to Abusive Mortgage Lending Practices
May 24, 2005Eakes urges reform of the subprime mortgage market
