Policy & Legislation
HIGHLIGHT
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.
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- The Looming Foreclosure Crisis: How To Help Families Save Their Homes
December 5, 2007Stein urges loan modifications to help help families save homes
- Constitutionality of Applying Bankruptcy Code Amendments to Existing Mortgages
November 17, 2007Analysis concludes that there is no constitutional impediment to applying to existing debts the Bankruptcy Code amendments proposed by the Emergency Home Ownership and Mortgage Equity Protection Act of 2007, HR 3609,1 and the Helping Families Save Their Homes in Bankruptcy Act of 2007, S 21362
- “Toxic Mortgages” under HR 3915: Virtual Immunity
November 5, 2007Facts about Payment Option ARMs
- Assignee Liability
November 2, 2007CRL supports assignee liability and feels H.R. 3915 provides reasonable, common-sense provisions
- Eliminate the “Exit Tax” on Subprime Loans
November 2, 2007CRL speaks out against prepayment penalties
- 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
- 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
- Straightening Out the Mortgage Mess: How Can We Protect Home Ownership and Provide Relief to Consumers in Financial Distress – Part 2
October 30, 2007 - Legislative Proposals on Reforming Market Practices
October 24, 2007
