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.
Search Mortgage Lending - Policy & Legislation - Regulators
Browse Mortgage Lending - Policy & Legislation - Regulators
- Banking Regulators Should Withdraw Consent Orders on Illegal Servicing
April 6, 2011
CRL joins more than 50 national organizations in urging federal banking regulators to withdraw consent orders that allow mortgage servicers to escape any serious consequences for illegal business practices.
- Joint Letter to Regulators Against High-Downpayment Requirements
March 16, 2011
CRL joins key housing groups in urging federal regulators to avoid setting arbitrary mortgage downpayment requirements.
- Don't Mandate Large Down Payments on Home Loans
March 1, 2011
Recent proposals call for requiring prospective homeowners to make a 10-20 percent down payment when purchasing a home. This is seen as “getting back to the way mortgages were made in the 1980s.” In fact, low down payment home loans have been a significant—and safe—part of the mortgage finance system for decades, bearing little resemblance to subprime and other alternative mortgage products that crashed our economy. And responsible low down payment loans are also a key to the recovery of our nation’s housing market and economy
- Joint Letter to Regulators on Elements of "Qualified Residential Mortgages"
January 25, 2011
A diverse group of national civil rights, labor and consumer organizations writes regulators to share their views with respect to the regulation of securitizers of residential mortgage loans.
- Joint Letter to Regulators Urging a Broader Definition of "Qualified Residential Mortgages."
January 14, 2011
CRL and other advocates join mortgage industry leaders in urging regulators to carefully consider how they define mortgages that will be exempt from certain rules. An overly narrow definition could unnecessarily tighten access to home loans.