fed_r-1360_july2009_studentloans.PDF Comment letter submitted in support of the proposed changes to the rules implementing the Community Reinvestment Act (CRA) as they apply to assessing an institution’s record of providing low-cost education loans. The comment letter also opposes a proposed...
These renegotiated, or modified, loans would ideally lower monthly payments to an affordable level so that homeowners can stay in their homes and banks do not have to take on the burden of managing a vacant property. However, some...
For instance, there is the fact that rural areas of the country are suffering more than urban areas as people continue to downsize from their multi-acre plots of land and 3,000 sq. ft. homes to more compact living quarters...
Chairman Bernanke claimed that the Fed has invaluable expertise gained from conducting safety and soundness exams on banks, as well as regulating broader monetary policy. Woodstock Institute believes that, contrary to Chairman Bernanke’s argument for the status...
The version being debated in the House will go a long way toward protecting consumers, but it does not give the new agency the authority to protect communities from discriminatory practices. To do so, the CFPA must have the...
This story comes on the heels of the release of the FBI’s 2008 Mortgage Fraud Report Year in Review. The FBI noted an upswing in both the number and types of mortgage fraud in 2008, including phony foreclosure rescue...
Baltimore is not the only community that disproportionately gives high-cost loans to minority borrowers. George Washington University Professor and Woodstock Institute board member Gregory Squires pointed this out in his testimony last month to Congress’ Joint Economic Committee. Dr....