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Civil Rights Groups to Federal Regulators: We Support Aligning Mortgage Rules and Oppose Down Payment Requirements

October 31, 2013
Mortgage Lending

A host of civil rights and fair housing allies joined with CRL in submitting comments to federal financial regulators and HUD. The comments which addressed proposed rules on credit risk retention requirements focus on three key recommendations:

•Support for the proposed alignment of mortgage rules to restrict risky loan features;

•Protection of access to credit for qualified homebuyers; and

•Opposition to home down payment requirements.