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Press Releases

September 13, 2021
WASHINGTON, D.C. – Today, national civil rights, housing policy, and consumer protection groups released a letter sent to Congressional leadership and committee chairs calling for inclusion of housing policies that would advance racial and economic equity in the upcoming human infrastructure reconciliation legislation. The letter, linked here, was signed by the Center for Responsible Lending, The Leadership Conference on Civil and Human Rights, National Association for Latino Community Asset Builders, National Coalition for Asian Pacific American Community Development, National Community...
August 25, 2021
WASHINGTON, D.C. – The Center for Responsible Lending (CRL), along with affiliated nonprofits, Self-Help Credit Union and Self-Help Federal Credit Union, today released a comment letter supporting a proposed rule from the U.S. Department of Housing and Urban Development (HUD) to restore the “disparate impact” standard, a crucial legal tool used to identify and eliminate discrimination. Full text of the comment letter is linked here. “Discrimination continues to plague our housing market. It denies economic opportunities to Black and Latino communities and other communities of color, as...
August 13, 2021
WASHINGTON, D.C. – The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) yesterday announced a first-of-its-kind collaborative agreement for fair housing and fair lending coordination. The Memorandum of Understanding between the agencies aims to promote “information sharing, coordination on investigations, compliance reviews, and the ongoing monitoring of” Fannie Mae and Freddie Mac, which FHFA regulates. “Where a person lives affects their health, educational opportunities, access to transportation, and proximity to jobs. Housing...
August 12, 2021
WASHINGTON, D.C. – Fannie Mae announced yesterday that positive rental payment history will be considered in its automated underwriting system starting on September 18. Center for Responsible Lending President Mike Calhoun said, “The housing system is replete with inequitable barriers that prevent credit-worthy renters of color and low-income renters from becoming homeowners, denying them a primary path for building family wealth. Fannie Mae’s step to incorporate positive rental payment history into its underwriting platform removes a significant barrier, responsibly expanding access to...
July 21, 2021
Washington, D.C. – The Office of the Comptroller of the Currency (OCC) this week announced that it will work to rescind Trump-era rules that weakened the Community Reinvestment Act (CRA) and that it will work jointly with the Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) to strengthen and modernize regulations implementing the CRA. The 2020 CRA rule implemented new standards for evaluating bank performance and for collecting, maintaining, and reporting data used in the evaluation process. The framework was controversial from its inception and was adopted...
July 14, 2021
WASHINGTON, DC – Provisions of the Fair Housing Act which fight our nation’s legacy of government-sponsored residential segregation and discrimination could again be enforced if a proposed federal rule is adopted by the Department of Housing and Urban Development (HUD), according to a letter released by fair housing groups. The letter supports restoration of the Affirmatively Furthering Fair Housing (AFFH) rule which is essential to fostering inclusive housing in communities, and was submitted by the Lawyers’ Committee for Civil Rights Under Law, the NAACP Legal Defense Fund, the Center for...
June 28, 2021
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) released a final rule on mortgage servicing under the Real Estate Settlement Procedures Act (RESPA). Many families are experiencing long-term income disruptions due to the pandemic and economic crisis – particularly families of color. Over two million homeowners are in payment forbearances scheduled to end this fall and winter. Forbearance exits will strain the system as homeowner and servicer communications reach record levels and as, ideally, servicers process many loan modifications. Center for Responsible Lending...
June 24, 2021
WASHINGTON, D.C. – Today, the U.S. Department of Housing and Urban Development (HUD), under Secretary Marcia Fudge’s leadership, released a proposed rule that would restore the power of the “disparate impact” standard, a crucial legal tool used to identify and eliminate discrimination. Center for Responsible Lending Senior Policy Counsel Melissa Stegman issued the following statement: Housing discrimination is a stain on our nation’s conscience. It unjustly robs people of their freedom to live where they choose and in turn, to access jobs, education, a healthy environment, and more...
June 23, 2021
SCOTUS rules that the FHFA leadership structure is unconstitutional WASHINGTON, D.C. – This morning, the Supreme Court of the United States (SCOTUS) issued a decision affecting housing giants Fannie Mae and Freddie Mac, government-sponsored enterprises (GSEs) that financially back every other mortgage in America. The SCOTUS decided, in Collins v. Yellen, that the director of the Federal Housing Finance Agency (FHFA), which regulates and serves as the conservator of the GSEs, can be fired “at will” by the President. Center for Responsible Lending Senior Policy Counsel Melissa Stegman issued...
June 21, 2021
WASHINGTON, D.C. – The Federal Housing Administration (FHA), which is part of the U.S. Department of Housing and Urban Development (HUD), has updated and corrected how student debt is calculated for FHA-insured mortgages. This move will expand access to homeownership for more potential mortgage borrowers, especially for borrowers of color, first-time homebuyers, millennials, and low-income Americans. “This change removes an unjust and unjustifiable barrier to homeownership. The policy extends the opportunity to build generational wealth to more Black and Latino and low-income families as...

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