Tag Archives: Mortgage Market

News Release: Experts: U.S. Supreme Court Ruling in Goldman Sachs Case Could Have “Devastating Consequences” for Investors, Market Confidence

Will the U.S. Supreme Court allow investors defrauded by Goldman Sachs during the financial crisis to have their day in court?  Or, will the Court rule in favor of Goldman Sachs and, in so doing, create a roadmap that publicly traded companies can use to make false and misleading statements that will harm Main Street investors and dramatically undermine market confidence by making it impossible for any investor to rely on the public statements of companies?

Letters to Congress: Letter in Support of Two Language Access Bills

AFR organized a letter of support for two bills expanding and improving language access for mortgage transactions that will make important strides in improving access to the mortgage market and awareness of the availability of assistance for homeowners who are struggling to keep up with their mortgage payments. LEP borrowers face many challenges that impede their full participation in the consumer marketplace, including, specifically, their ability to obtain and preserve ownership of a home. Tracking and transferring the language preference of LEP borrowers and enhancing the availability and use of services and resources in their preferred languages will significantly improve market access for LEP borrowers at all stages of a mortgage loan.

a series of houses

New Release: AFREF Statement: Consumer, Civil Rights, Housing and Small Business Groups Urge the Federal Reserve Board to Strengthen Community Reinvestment Act Framework with Focus on Increasing Equity in Bank Investments and Access to Sustainable Credit for Communities of Color and Low and Moderate Income Families

Americans for Financial Reform Education Fund (AFREF) and 20 consumer, civil rights, small business, and other public interest partners submitted a comment letter to the Federal Reserve Board of Governors (FRB) on its Advance Notice of Proposed Rulemaking to modernize the Community Reinvestment Act (CRA).

a series of houses

Letters to Congress: Letter Urging Congress to Provide Greater Assistance for Homeowners in COVID Relief Plan

AFR joined a letter urging Congress to expand assistance to homeowners in the upcoming COVID-19 relief package. The letter, which followed a previous letter to the Biden Administration urging for similar protections, requested that the upcoming COVID relief package include $25 billion for direct assistance to homeowners, with the bulk of the funds deployed through state housing finance agencies through the Homeowner Assistance Fund and including at least $100 million for housing counseling and $39.7 million for the Fair Housing Initiatives Program.

NEWS RELEASE: Advocates Applaud Senate Bill Fund to Help Millions of Families Keep Their Homes; Urge Inclusion in Covid Stimulus Bill

“Facing the most economic distress and illness, low-income families and communities of color are most at risk of losing their homes to foreclosure without relief. The Homeowner Assistance Fund is a necessary measure to stem the impending foreclosure crisis and prevent devastating losses for families and neighborhoods.”

the capitol building

Letters to Congress: Letter Supporting the Nomination of Rep. Marcia Fudge as the Next HUD Secretary

AFR joined a letter expressing strong support for the nomination of Rep. Marcia Fudge as the next Secretary of the Department of Housing and Urban Development. The letter cited Rep. Fudge’s stand-out qualifications, her long track record of working across party lines and with a wide range of stakeholders, and her demonstrated lifelong commitment to advancing the civil rights of all people. It urged the Senate to support her prompt confirmation.