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.
Search Mortgage Policy & Legislation
Browse Mortgage Policy & Legislation
- Home Ownership and Equity Protection Act (HOEPA) Public Hearing
June 14, 2007Statement of Martin Eakes Before the Federal Reserve Board On Home Ownership and Equity Protection Act
- 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
- Andrews v. Chevy Chase, fsb (appeal)
May 8, 2007CRL's amicus brief in support of the plaintiff class in Andrews v. Chevy Chase Bank, FSB. CRL argues that the Truth in Lending Act allows a borrower, who was one of thousands of borrowers who received identically deficient disclosure statements for Chevy Chase Bank payment option adjustment rate mortgages, to file a class action seeking rescission of the loans before the U.S. Court of Appeals for the 7th Circuit. The district court granted certification of the plaintiff's class.
- Borrowers can file class actions to void illegal loans
May 8, 2007CRL's amicus brief in support of the plaintiff class in Andrews v. Chevy Chase Bank, FSB. CRL argues that the Truth in Lending Act allows a borrower, who was one of thousands of borrowers who received identically deficient disclosure statements for Chevy Chase Bank payment option adjustment rate mortgages, to file a class action seeking rescission of the loans before the U.S. Court of Appeals for the 7th Circuit. The district court granted certification of the plaintiff's class.
- Comment: Proposed Interagency Statement on Subprime Mortgage Lending
May 7, 2007The Center for Responsible Lending submits the following comments on the proposed Interagency Statement on Subprime Mortgage Lending.
- 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
- Comments on the North Carolina Commissioner of Banks' Proposed Guidance on Non-Traditional Mortgage Risks
February 7, 2007Comments on the North Carolina Commissioner of Banks' Proposed Guidance on Non-Traditional Mortgage Risks
- Preserving the American Dream: Predatory Lending Practices and Home Foreclosures
February 7, 2007Eakes discusses predatory lending and foreclosure crisis
- CRL Comment on Federal Reserve Analysis of Home Mortgage Disclosure Act Data
October 9, 2006Debbie Bocian's comment on the Fed's analysis of 2005 HMDA data.
