President Obama will deliver the State of the Union on Tuesday, January 20 at 9 pm ET.
WASHINGTON, D.C. – January 14, 2015 – (RealEstateRama) — Experts at the Center for Responsible Lending will be available before and after the speech to comment on remarks (anticipated and delivered) regarding the housing recovery, financial regulation and policies, student loans, and economic opportunity – especially as it pertains to communities of color and lower-wealth families.
CRL has long been a leader on financial regulations, economic policy, and housing-related issues. As early as 2006, CRL experts predicted the financial crisis – calling attention to the abusive and predatory mortgage products that led to foreclosures and the disproportionate impact that the crisis would have and continues to have on lower and moderate-income families. Since the crisis, the organization, referred to in Politico as the ‘intellectual engine’ behind Dodd-Frank, has lead the way in creating research and analyzing policies about lending practices and consumer finance issues. In recent years, the organization has added student lending to their issues, analyzing the impact of high student debt burden on economic outcomes.
Experts are available to discuss:
The Dodd-Frank Act
The Consumer Financial Protection Bureau
Consumer finance issues/ financial regulations
Mortgage lending/housing policy/housing recovery
Student lending/student loans
Access to credit/economic opportunity
Links to reports are available below.
To schedule an interview, please contact Catherine An at or 202-349-1878.
Unfair Lending: The Effect of Race and Ethnicity on the Price of Subprime Mortgages (May 2006)
Losing Ground: Foreclosure in the Subprime Market and Their Cost to Homeowners (December 2006)
Foreclosures by Race and Ethnicity: The Demographics of a Crisis (June 2010)
Lost Ground: Disparities in Mortgage Lending and Foreclosure (November 2011)
State of Lending: Mortgages (December 2012)
The Spillover Costs of Foreclosures 2012 (October 2012)
The Spillover Costs of Foreclosure 2013 (August 2013)
Press Release: Fannie Mae, Freddie Mac Reform Must Serve the Whole Market (March 12, 2014)
Press Release: National Civil Rights Groups Say, as Released, Johnson-Crapo Does Not Provide Credit Access for Communities of Color (March 21, 2014)
Press Release: Mortgage Choice Act would Jeopardize Responsible Lending Practices (June 9, 2014)
Press Release: New Data Shows Important Market Segments Remain Locked-Out of Conventional Mortgages in Slowly Recovering Housing Market (September 30, 2014)
Press Release: New Mortgage Rule Good News for Home Buyers (October 23, 2014)
For more information, contact Catherine An at 202-349-1878 or .
About the Center for Responsible Lending
The Center for Responsible Lending is a nonprofit, nonpartisan research and policy organization dedicated to protecting homeownership and family wealth by working to eliminate abusive financial practices. CRL is affiliated with Self-Help, one of the nation’s largest community development financial institutions.