Center for Responsible Lending

New Mortgage Plan: Lifting Underwater Loans is Crucial

April 2, 2010

Statement by Michael Calhoun President  – Center for Responsible Lending March 26, 2010 – Washington, D.C.  —  “We welcome the Administration’s stronger actions to stabilize the housing market, particularly doing more to lower loan balances on homes worth less than the mortgage.  Foreclosures dragged us into the recession, and until we stop them, the economy [...]

Read the full article →

Senate Banking Committee Moves Financial Reform Another Step Forward

March 24, 2010

Statement From Michael Calhoun, President, CRL March 23, 2010 “Yesterday’s vote by the Senate Banking Committee to move forward with financial reform sends an important message that Congress must change the rules so that consumers are protected from unfair practices, our economy is protected from the damage of bad lending, and taxpayers won’t have to pay for [...]

Read the full article →