Lenders cannot make loans in Washington, D.C. without considering borrowers' ability to repay
Superior Court of the District of Columbia Issue: Mortgage Lending
Complaint, filed March 5, 2008
Download the full brief (PDF)
CRL's complaint on behalf of the plaintiff in Howard v. Countrywide. CRL represents a homeowner in the District of Columbia who alleges he was refinanced four times in the course of three years into loans that he could not afford, including several brokered loans that provided the broker with high compensation (including yield-spread premiums) and a "no income no asset" loan from Countrywide Home Loans. The case, which alleges violations of the District's consumer protection laws and the federal Truth in Lending Act, was filed in D.C. Superior Court and removed to the U.S. District Court.