Today's housing crisis was made possible by weak rules and poor enforcement. As policymakers consider regulatory reform, we focus on three broad goals: stronger rules to restore common sense standards; preserving the states' ability to protect its citizens from predatory lending; and more disclosure and transparency among lenders.
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- New Poll: Broad Bipartisan Support for Financial Reform and Consumer Protections
July 19, 2011
A new poll reveals that American voters broadly support the 2010 Dodd-Frank Wall Street Reform law, by a 5 to 1 margin, and across all political parties.
- Widespread Abuse by Mortgage Servicers Hurts Homeowners, Investors, Taxpayers, Economy
July 7, 2011
Mortgages servicers should be required to give every mortgage holder “a good-faith review of foreclosure alternatives” before taking steps to take his or her home, CRL president Michael Calhoun told Congress today.
- Proposed QRM Definition Harms Creditworthy Borrowers While Frustrating Housing Recovery
June 23, 2011
The Qualified Residential Mortgage (QRM) should be redesigned to align with Congressional intent: encourage sound lending behaviors that reduce future defaults without harming responsible borrowers and lenders. The Coalition for Sensible Housing Policy, including CRL, collaborated on this paper describing the negative impact of proposed mortgage rules that would mandate large down payments.
- Locked Out of a Home: The Impact of a 10% Down Payment Requirement on Prospective Home Buyers
June 22, 2011
CRL's analysis shows that a 10% down payment on QRM mortgages would make homeownership out of reach for many creditworthy American families.
- Joint Statement: Proposed Down Payment Rules Harm Creditworthy Borrowers
April 15, 2011
CRL joins mortgage bankers, Realtors, home builders and other housing groups in explaining how high down payments would make homeownership more expensive or out of reach for millions of Americans.