Urges use of loan modifications

CRL's amicus brief in support of Ohio Commissioner of Banks Reardon in State Farm Bank, F.S.B. v. Reardon. CRL argues that Ohio's mortgage broker laws apply to the independent contractors of State Farm Bank who make loans on behalf of the bank and are not preempted by the federal Home Owners' Loan Act or regulations issued by the federal Office of Thrift Supervision in this appeal before the U.S. Court of Appeals for the 6th Circuit. The district court upheld Ohio's laws.

CRL's amicus briefs in support of the New York Attorney General in Cuomo v. The Clearing House Association, L.L.P. CRL, along with a number of consumer groups, argues that the National Bank Act's "visitorial powers" provision does not prohibit the New York Attorney General from enforcing the state's anti-discrimination law against national banks concerning their mortgage lending practices, and that the Office of the Comptroller of Currency's regulation treating this as prohibited is invalid. CRL participated in this case before the U.S. District Court, the U.S. Court of Appeals for the Second Circuit, and the U.S. Supreme Court.

CRL's pleadings and briefs on behalf of the plaintiffs in Jackson v. Mortgage Electronic Registration Systems, Inc. CRL represents a class of Minnesota homeowners facing foreclosure who allege that MERS' failure to record all transfers in the ownership of their loans before beginning the foreclosure process violates procedural requirements in the state's non-judicial foreclosure statutes...

Report urges court-supervised loan modifications

Overview of HR 3609 - Summary of Compromise Bill: Permitting Judicial Modification of Home Loans as Alternative to Foreclosure

Overview of S.2452: Home Ownership Preservation and Protection Act of 2007

Mike Calhoun's testimony re Accelerating Loan Modifications, Improving Foreclosure Prevention and Enhancing Enforcement.