Mortgages
Press Releases
- White House Speech Reaffirms Housing Importance for Consumers, Government's Role in Protecting Middle Class Renters and Homeowners, 08/06/2013. (PDF)
- Corker-Warner Mortgage Reform Bill Marks an Important Next Step in Restoring Durable Mortgage Finance Market, 06/25/2013. (PDF)
- Best Intentions: The Highs and Lows of the Home Affordable Modification Program, 1/16/13. (PDF)
- Ability To Repay And “QM” Rules Cement New Consumer Mortgage Protections, 1/10/13. (PDF)
- CFA Responds to President's Home Refinancing Proposal, 02/01/12. (PDF)
- Consumer Federation of America Applauds President Obama’s Signing of the Dodd-Frank Financial Reform Bill Into Law, 07/21/10. (PDF)
- Consumer Federation of America Applauds Senate Vote on the Dodd-Frank Financial Reform Bill, 07/15/10. (PDF)
- Consumer Federation of America Applauds House Passage of the Dodd-Frank Financial Reform Bill, 6/30/10. (PDF)
- Administration Changes to Loan Modifications are Very Positive, 3/26/10. (PDF)
- U.S. Treasury Report on Loan Modifications Shows Much Work Remains, 08/04/09. (PDF)
- Durbin, Schumer Propose New Credit Safety Agency for Consumers, 03/10/09. (PDF)
- Obama Mortgage Relief Plan Offers Large Scale Approach That Could Help Millions of Homeowners, 02/18/09. (PDF)
- Report Documents 316,000 Subprime California Loans Originated in 2006 Poised for Payment Shock in 2008, 01/30/08. (PDF)
- Consumer Groups: Fix Bankruptcy Laws So Hundreds of Thousands of Americans Can Avoid Home Foreclosures in Subprime Mortgage Crisis, 04/12/07. (PDF)
- Women More Likely to Receive Subprime Home Loans, Disparity Highest for Women with Highest Income, 12/07/06. (PDF)
- 300-City Report Documents Pricing Variation in the Subprime Mortgage Market between Regions, States and Cities Throughout the U.S., 09/05/06. (PDF)
- New Analysis of Non-Traditional Mortgage Borrowers Shows Less Wealthy, Weaker Credit Than Industry Suggests, 05/24/06. (PDF)
- Statement of Allen Fishbein, Director of Credit and Housing Policy, Consumer Federation of America on the Release of the Interagency Guidance on Nontraditional Mortgage Products, 12/20/05. (PDF)
- Statement of Allen Fishbein on the Release of the 2004 Home Mortgage Disclosure Act Data, 09/13/05. (Read More)
- New Report Finds Pricing in the Subprime Mortgage Market Varies Greatly between Cities Throughout the U.S., 09/08/05. (PDF)
- Bill Offered By Congressmen Miller, Watt, and Frank Takes the Right Approach to Addressing Predatory Mortgage Lending, 04/19/05. (Read More)
Studies
- Proposed Qualified Residential Mortgage Definition Harms Creditworthy Borrowers While Frustrating Housing Recovery, 6/6/11. (PDF)
- California Subprime Study, 01/30/08. (PDF)
- Women are Prime Targets for Subprime Lending, 12/07/06. (PDF)
- Subprime Locations: Patterns of Geographic Disparity in Subprime Lending, 09/05/06. (PDF)
- Exotic or Toxic? An Examination of the Non-Traditional Mortgage Market for Consumers and Lenders, 05/22/06. (PDF)
- Subprime Cities: Patterns of Geographic Disparity in Subprime Lending, 09/08/05. (PDF)
Testimony and Comments
- Joint Letter on CFPB Concurrent Proposal on QM, 02/25/2013. (PDF)
- CFA, et al Comments on CFPB Proposed Mortgage Servicing Rules, 11/13/12. (PDF)
- Consumer Groups' Comments on Basel III Capital Requirements for Mortgages, 10/23/12. (PDF)
- CFA and NCLC Comments to FHF Regarding PACE Programs, 04/04/12. (PDF)
- Consumer, Lender Groups Join in Recommendations to Assure Safe Mortgage Lending, 04/03/12. (PDF)
- Obama Administration Recommendations on Mortgage Relief 02/01/12. (PDF)
- AFR Letter Urging Fair Treatment of Consumers on Mortgage Servicing Settlements, 08/25/11. (PDF)
- CFA Comments on Proposed Risk Retention & QRM Rulemaking, 08/04/11. (PDF)
- Joint Comment by CFA, NACA, CRL and NCLC on Proposed Federal Reserve Rule on Ability to Pay and Qualified Mortgage (QM) Provisions of Dodd-Frank, 07/22/11. (PDF)
- CFA Comments on the Federal Reserve Board’s Proposed Rule Implementing Ability to Pay and Qualified Mortgage (QM) Provisions of Dodd-Frank, 07/22/11. (PDF)
- Consumer-Industry Comment Letter on Proposed Risk Retention and "Qualified Residential Mortgage (QRM)" Exemption, 07/11/11. (PDF)
- Joint Real Estate Trade and Consumer Group Letter to Regulators re: Qualified Residential Mortgage Provisions of Dodd-Frank, 1/11/11. (PDF)
- Consumer Group Letter to Regulators re: Qualified Residential Mortgage Provisions of Dodd-Frank, 12/20/10. (PDF)
- Public Interest Groups Urge Fed to Withdraw Proposed Rescission Rule, 11/16/10. (PDF)
- Testimony of Barry Zigas before the Interagency Public Hearing on CRA Regulation, 07/19/10. (PDF)
- Related: Consumers Warned Not to Opt In as Banks Market Expensive Debit Card Overdraft Fees, 06/29/10. (PDF)
- Letter to the Senate on Consumer Priorities in Financial Regulatory Reform Conference, 06/08/10. (PDF)
- Letter to the House on Consumer Priorities in Financial Regulatory Reform Conference, 06/08/10. (PDF)
- Letter to House Financial Services Committee Opposing Mandatory Increase in FHA Down Payments, 4/23/10. (PDF)
- Comments to Federal Reserve on Regulation Z, TILA Closed End Credit Rules, 1/15/10. (PDF)
- Comments to Federal Reserve on Regulation Z, TILA Closed End Credit Rules, 1/15/10. (PDF)
- CFA, CRL, and NCLC Comments on Reg Z, Originator Compensation, 1/15/10. (PDF)
- Consumer Group Letter to White House re: Effective Loan Modifications, 1/13/10. (PDF)
- AFR and Other Groups Support HAMP Amendment to H.R. 4173, 12/9/09. (PDF)
- Group Follow-up Letter on HAMP to Chief Caldwell, 11/30/09. (PDF)
- Group Follow-up Letter on HAMP to Assistant Secretary Allison, 11/30/09. (PDF)
- CFA and Coalition Urges Strengthening of H.R.1728, the Mortgage Reform and Anti-Predatory Lending Act, 05/06/09. (PDF)
- Civil Rights, Labor and Consumer Organizations Thank Chairman Frank for Interest in Improving the Mortgage Market with the Introduction of H.R.1728, 04/07/09. (PDF)
- CFA Joins Center for American Progress Action Fund and Center for Responsible Lending in Statement on Mortgage Modifications, 01/26/09.(PDF)
- House Sign-On Letter to Include Judicial Modification of Mortgages in Economic Recovery Plan, 12/10/08. (PDF)
- CFA Praises Rep. Matsui’s Introduction of H.R. 6076, The Home Retention and Stabilization Act of 2008, 05/20/08. (PDF)
- CFA and Broad Coalition Urge Strong GSE Regulatory Reform, 05/14/08. (PDF)
- CFA Joins Broad Coalition to Support Miller-LaTourette Non-preemption Amendment to H.R. 5830, 05/06/08. (PDF)
- A Shared Agenda and Principles for Mortgage Market and Community Stabilization Policy, 04/23/08. (PDF)
- CFA Joins Leadership Conference on Civil Rights and Others in Support of H.R. 3609 “The Emergency Home Ownership and Mortgage Equity Protection Act," 04/22/08. (PDF)
- CFA and Consumer Group Comments to Federal Reserve Board Regarding Proposed Regulations Relating to Unfair Trade Practices in Connection With Mortgage Lending, 04/10/08. (PDF)
- Consumer Federation and Coalition Express Strong Support for Foreclosure Prevention and Sound Mortgage Servicing Act of 2008, 03/31/08. (PDF)
- CFA Joins Broad Coalition to Support S.2636, Foreclosure Prevention Act and Title IV to Allow Modification of Mortgages in Bankruptcy, 02/25/08. (PDF)
- Broad Coalition in Support of S.2636, the Foreclosure Prevention Act, 02/14/08. (PDF)
- CFA and Broad Coalition Express Strong Support for S. 2452, the ‘Home Ownership Preservation and Protection Act,’ 01/22/08. (PDF)
- Broad Coalition of Consumer, Civil Rights, Labor, Housing, Lending and Community Organizations Writes in Support of H.R. 3609 – the Emergency Home Ownership and Mortgage Equity Protection Act of 2007 to the House Judiciary Committee, 12/11/07. (PDF)
- Broad Coalition of Consumer Groups and NGOs Praise Federal Reserve Board for Using Rulemaking Authority Under HOEPA to Address Subprime Mortgage Crisis, 12/03/07. (PDF)
- CFA, AARP, AFL-CIO, CRL, and NFHA, Oppose Mortgage Reform Bill H.R. 3915 Due to Lack of Relief for Subprime Borrowers, 11/14/07. (PDF)
- Statement of CFA’s Allen Fishbein on The New Joint Economic Committee Report on The Subprime Lending Crisis, 10/25/07. (PDF)
- Consumer Groups Urge Federal Reserve Board to Use Rulemaking Authority Under HOEPA to Address Abuses in the Mortgage Market, 08/09/07. (PDF)
- Statement of CFA’s Allen Fishbein Regarding Bankruptcy Laws, 04/12/07. (PDF)
- Consumer Group Memo for Proposed Bankruptcy Law Reform, 04/12/07. (PDF)
- Testimony of Allen Fishbein before Senate Subcommittees on Non-Traditional Mortgages, 09/20/06. (PDF)
- Consumer Group Letter to Secretary of HUD on RESPA, 04/11/06. (PDF)
- CFA Comments on the Proposed Interagency Guidance on Nontraditional Mortgage Products, 03/31/06. (PDF)
- Consumer Group Testimony on the Impact of Regulatory Relief Proposals Affecting Banks, Thrifts, and Credit Unions, 03/15/06. (PDF)
- CFA Letter on Draft Federal Reserve Consumer Publication on Interest Only and Payment Option Mortgage Products, 02/21/06. (PDF)
- Analysis of the Federal Reserve Bulletin’s Release of the 2004 Home Mortgage Disclosure Act (HMDA) Data, 11/05/05. (PDF)
- Testimony of CFA's Travis Plunkett on Current Proposals Considered for Regulatory Relief Legislation, 06/21/05. (PDF)
- CFA’S Allen Fishbein Speakes Out Against U.S. Comptroller's Attempt to Preempt State Consumer Regulation of Banks, 03/17/04. (PDF)
- Testimony of Allen Fishbein before House Subcommittees Regarding Protecting Homeowners: Preventing Abusive Lending While Preserving Access to Credit, 11/05/03. (PDF)