Organizational Statements, Predatory Lending

This page lists statements and information concerning the issue taken from the web sites of various organizations, trade associations, and interest groups involved in the issue. We provide both a link to the main page of the organization concerned as well as a copy of the pages relating to the issue that we found in our searches. Because we want to keep information concerning each of our cases for an archive, we copied their pages during the period of research. Below each statement is the original URL from which we retrieved the information. Note that some of these original URLs may not work because the group has updated or changed its website.

External Links to:

• Consumer Federation of America
• National Community Reinvestment Coalition
• ACORN
• AARP
• Consumer's Union
• National Association of Consumer Advocates
• National Association of Mortgage Bankers
• Fannie Mae
• Freddie Mac
• Mortgage Bankers Association of America
• National Association of Realtors
• National Association of Real Estate Brokers
• American Financial Services Association
• National Home Equity Mortgage Association
• American Land Title Association
• Real Estate Services Providers Organization

Internal Archive for the Consumer Federation of America, 11/13/03:

• Consumer Financial Services Revolution
  (http://www.consumerfed.org/fsbrochure1.pdf)
• Letter to Senators
  (http://www.consumerfed.org/backpage/urgeno.pdf)

Internal Archive for the National Community Reinvestment Coalition, 11/13/03:

• NCRC Summary of Major CRA and Fair Lending Bills
  (http://www.ncrc.org/policy/StatusCRAFair.html)

• NCRC Explores Myths of Subprime Lending
  (http://www.ncrc.org/policy/SubprimeMyths.html)
• NCRC Briefing Paper on CRA and Fair Lending
  (http://www.ncrc.org/policy/craflbrief.html)
• NCRC Alert: FDIC Wants Comments on Anti-Predatory Memo by Jan 31
  (http://www.ncrc.org/policy/FDIC_Alert.html)
• NCRC Action Alert: Send Letters to HUD
  (http://www.ncrc.org/policy/HUD_RESPA.html)
• NCRC Short Letter to HUD (Samples)
  (http://www.ncrc.org/policy/shortened_Sample_RESPA_Ltr.doc)
• NCRC Long Letter to HUD (Samples)
  (http://www.ncrc.org/policy/Coalition_Sample_RESPA_Ltr.doc)
• NCRC Action Alert: Send Comment Letters to Federal Banking Agencies
  (http://www.ncrc.org/policy/subprime_data_proposal.rtf)
• NCRC Applauds OCC for Strong Anti-Predatory Lending Action
  (http://www.ncrc.org/PressReleases/OCC_Anti_Pred.html)
• Lenders Decrease Lending to Minority and Low and Moderate Income Borrowers and Communities
  (http://www.ncrc.org/PressReleases/NCRC_2001_data.rtf)
• NCRC Applauds Introduction of Anti Predatory Lending Consumer Protection Acts of 2002
  (http://www.ncrc.org/PressReleases/NCRC_Supports_Sarbanes.rtf)
• NCRC Urges More Action against Predatory Lending in Response to Federal Reserve Ruling
  (http://www.ncrc.org/PressReleases/NCRCpressrelonHOEPAaction.pdf)
• NCRC Participates in Rep. LaFalce's Press Conference
  (http://www.ncrc.org/PressReleases/PC-LaFalce.html)

Internal Archive for ACORN, 11/13/03:

• A Dream Deferred: Predatory Lending in Colorado Introduction
  (http://www.acorn.org/index.php?id=136)
• Predatory Lending in America Intro
  (http://www.acorn.org/index.php?id=110)
• Recommendations for Legislators and Regulators
  (http://www.acorn.org/index.php?id=122)
• Predatory Lending
  (http://www.acorn.org/index.php?id=39)
• Great Divide 2002
  (http://www.acorn.org/index.php?id=559)
• Federal Reserve Board Acts against Predatory Lending
  (http://www.acorn.org/index.php?id=1110)
• Consumer Groups Write to Fed Urging Collection of APR Data
  (http://www.acorn.org/index.php?id=1107)
• Potential HUD Policy Change on YSPremiums Would Encourage Predatory Lending
  (http://www.acorn.org/index.php?id=1109)
• Progress in Fight against Predatory Lending
  (http://www.acorn.org/index.php?id=749)
• ACORN's Campaign against predatory lending
  (http://www.acorn.org/index.php?id=753)
• Comments Submitted to the Federal Reserve
  (http://www.acorn.org/index.php?id=1141)

Internal Archive for AARP, 11/14/03:

• Predatory Mortgage and Home Improvement Lending
  (http://www.aarp.org/priorities/six.html)
• AARP Strongly Supports Sarbanes Predatory Lending Bill
  (http://www.aarp.org/Articles/a2003-06-03-nr050102.html)
• Predatory Mortagage Lending: There Ought to Be a law
  (http://www.aarp.org/connections/april2001/lending.html)

Internal Archive for Consumers Union, 11/17/03:

• No documents found

Internal Archive for National Association of Consumer Advocates, 11/17/03:

• No documents found

Internal Archive for Natioanl Association of Mortgage Bankers, 11/17/03:

• Position Papers: Predatory Lending
  (http://www.namb.org/government_affairs/position_papers/predatory_lending.htm)
• Word from Washington-April 2002
  (http://www.namb.org/government_affairs/word_from_washington/2002-04_wfw.htm)
• Word from Washington-June 2002
  (http://www.namb.org/government_affairs/word_from_washington/2002-06_wfw.htm)
• Word From Washington-May 2002
  (http://www.namb.org/government_affairs/word_from_washington/2002-05_wfw.htm)
• Word from Washington February 2002
  (http://www.namb.org/government_affairs/word_from_washington/2002-02_wfw.htm)
• Word from Washington June 2001
  (http://www.namb.org/government_affairs/word_from_washington/2001-06_wfw.htm)
• NAMB to give Testimony on Predatory Lending to Senate
  (http://www.namb.org/about_namb/media_center/press_releases/2001/2001-07-24.asp)
• Word from Washington September 2001
  (http://www.namb.org/government_affairs/word_from_washington/2001-09_wfw.htm)
• Word from Washington April 2001
  (http://www.namb.org/government_affairs/word_from_washington/2001-04_wfw.htm)
• HUD Secretary Martinez Speech at NAMB Legislative and Regulatory Conference 2001
  (http://www.namb.org/about_namb/media_center/press_releases/2001/2001-04-02.asp)
• NAMB Responds to HUD Proposed RESPA Reform
  (http://www.namb.org/about_namb/media_center/press_releases/2002/2002-06-27.htm)
• Word from Washington December 2001
  (http://www.namb.org/government_affairs/word_from_washington/2001-12_wfw.htm)
• Word from Washington March 2002
  (http://www.namb.org/government_affairs/word_from_washington/2002-03_wfw.htm)
• Word from Washington October 2001
  (http://www.namb.org/government_affairs/word_from_washington/2001-10_wfw.htm)
• Total Mortgage Reform
  (http://www.namb.org/government_affairs/position_papers/total_mortgage_reform.htm)
• Mortgage Reform
  (http://www.namb.org/government_affairs/mortgage_reform.htm)

Internal Archive for Fannie Mae, 11/17/03:

• No documents found

Internal Archive for Freddie Mac, 11/17/03:

• Newspapers Report Legislative Progress on Anti-Predatory Lending legislation
  (http://www.freddiemac.com/news/analysis/pred_index.html)
• Frequently Asked Questions about Predatory Lending and HUD Regulations
  (http://www.freddiemac.com/sell/selbultn/faq.html)

Internal Archive for Mortgage Bankers Association of America, 11/18/03:

• A Prudent Approach to Preventing "Predatory Lending"
  (http://www.mbaa.org/resources/predlend/2001/aba_0322.pdf)
• Letter to FDIC
  (http://www.mbaa.org/resources/predlend/2001/c_occ1100.pdf)
• Letter to Board of Governors of the Federal Reserve System
  (http://www.mbaa.org/resident/2001/c_65fr81438.pdf)
• Schakowsky Announce Save Our Homes Act of 2001
  (http://www.mbaa.org/industry/docs/01/schakowsky_0716.pdf)
• Sarbanes Introduces Legislation To Combat Predatory Lending
  (http://www.mbaa.org/industry/news/02/0501b.html)
• Letter to HUD
  (http://www.mbaa.org/industry/docs/02/mba_respa1028.pdf)
• Administration Announces Additional Protections for Homebuyers to Curb Predatory Lending
  (http://mbaa.org/industry/news/02/0809a.html)
• Meeting our Nation's Housing Challenges
  (http://www.mbaa.org/industry/reports/02/mhcfinal.pdf)
• Sarbanes to Unveil Predatory Lending Legislation
  (http://www.mbaa.org/industry/news/02/0423d.html)
• Federal Reserve Adopts Final Rule on Regulation Z (Truth in Lending) to curb Predatory Lending
  (http://www.mbaa.org/industry/news/01/1212a.html)
• Sarbanes to urge Support for Legislation
  (http://www.mbaa.org/wash_update/2001/docs/sarbanes0511.doc)
• MBA's Subprime Lending Conference
  (http://www.mbaa.org/news/2002/pr0417a.html)
• Hearing on "Predatory Mortgage Lending: The Problem, Impact and Responses"
  (http://www.mbaa.org/industry/news/01/0723a.html)
• Rep. Ney to Introduce "Responsible Lending Act" in Early January
  (http://www.mbaa.org/industry/alerts/02/1218b.html)
• LaFalce Introduces "Consumer Bill of Rights" For Financial Services
  (http://www.mbaa.org/industry/news/01/0315a.html)
• FTC Staff Comments on Proposed Amendment To Regulations Implementing the Real Estate Procedures Act
  (http://www.mbaa.org/industry/news/02/1106a.html)
• NAR Urges Further Review of HUD's RESPA Proposal
  (http://www.mbaa.org/briefs/02/1101e.html)
• Race Almost Over for RESPA Reform
  (http://www.mbaa.org/briefs/02in/1023c.html)
• No more Closing Surprises
  (http://www.mbaa.org/briefs/02in/0731a.html)

Internal Archive for National Association of Realtors, 11/19/03:

• Related Legislation gets reintroduced
  (http://www.realtor.org/AppSourc.nsf/pages/ReintroductionOfHR2531?OpenDocument)
• HUD Proposes Flipping Rule
  (http://www.realtor.org/GAPublic.nsf/pages/fliprule?OpenDocument)
• Issue: Predatory Lending
  (http://www.realtor.org/GAPublic.nsf/pages/PredatoryLending?OpenDocument)
• Comment Letter of Property Flipping
  (http://www.realtor.org/realtororg.nsf/pages/commentletterflipping?OpenDocument)
• RESPA Reform
  (http://www.realtor.org/gapublic.nsf/pages/respalanding)
• Comment Letter on RESPA Reform
  (http://www.realtor.org/GAPublic.nsf/pages/commentsonreapa?OpenDocument)
• NAR Urges Further Review of HUD's RESPA Proposal
  (http://www.realtor.org/PublicAffairsWeb.nsf/pages/narhudrespa?OpenDocument)
• Real Estate Settlement Procedures Act
  (http://www.realtor.org/Research.nsf/pages/RESPA?OpenDocument)

Internal Archive for National Association of Real Estate Brokers, 11/20/03:

• No documents found

Internal Archive for American Financial Services Association, 11/20/03:

• Statement Regarding Sen. Sarbanes' Predatory Lending Legislation
  (http://www.afsaonline.org/news/docs/PredatoryLendingStatementApril2002_2.doc)
• Statement from AFSA Regarding Federal Reserve Board's Rule Concerning Predatory Lending Practices
  (http://www.afsaonline.org/news/docs/FederalReserveRuleStatementDecember2001.doc)

Internal Archive for National Home Equity Mortgage Association, 11/21/03:

• No documents found

Internal Archive for American Land Title Association, 11/24/03:

• Text of Speech Presented By Governor Edward Gramlich at the Housing Bureau for Seniors Conference
  (http://www.alta.org/govt/news/2002/docs/0118a.htm)
• Federal Reserve System: Truth in Lending: Regulation Z [Docket No. R-1090]
  (http://www.alta.org/govt/issues/01/66fr65604.htm)
• ALTA Opposes HUD's Proposed RESPA Regulation
  (http://www.alta.org/govt/news/2002/docs/alta_0919.htm)
• ALTA's Policy Statement on RESPA
  (http://www.alta.org/govt/issues/02/alta_respa_policystate.htm)
• Summary Analysis of HUD's Proposed Revision to its RESPA Regulations
  (http://www.alta.org/govt/issues/02/ShortAnalysis.pdf)
• Lobbying Sheet: Predatory Lending
  (http://www.alta.org/govt/news/2002/docs/0501c.htm)
• Senator Sarbanes Introduces Legislation To Combat Predatory Lending Practices
  (http://www.alta.org/govt/news/2002/docs/0502a.htm)
• HUD Grant willCombat Predatory Lending
  (http://www.alta.org/indynews/2001/articles/1005c.htm)
• Summary of the "Predatory Lending Consumer Protection Act 2002"
  (http://www.alta.org/govt/news/2002/docs/0502a_att.html)
• Federal Reserve Board Adopts Final Rule on Regulation Z(Truth in Lending)
  (http://www.alta.org/govt/issues/01/1212a.htm)
• Senate Banking Committee Schedules Hearings on "Predatory Mortgage Lending Practices: Abusive Uses of YSP"
  (http://www.alta.org/govt/news/2002/docs/0102a.htm)
• Hearing on "Predatory Mortgage Lending: The Problems, Impact and Responses"
  (http://www.alta.org/govt/news/2001/docs/0727a.htm)
• The Title Industry under Fire
  (http://www.alta.org/store/ttlenews/02/05_01.htm)
• ALTA Submits Early Comments on HUD's Proposed RESPA Rule
  (http://www.alta.org/indynews/2002/docs/alta1014.htm)
• ALTA Provides Comments to SBA on HUD's RESPA Rule
  (http://www.alta.org/indynews/2002/docs/alta1009.htm)
• ALTA Opposes HUD Proposed Regulations
  (http://www.alta.org/govt/issues/02/respapack_1108c.htm)
• Government Action: RESPA/Title industry Information Packets
  (http://www.alta.org/govt/issues/02/respapack_1108.htm)
• Government Action: RESPA Suggested Draft Letter to HUD
  (http://www.alta.org/govt/issues/02/alert_1012c.htm)
• Government Action: RESPA and Business, Letter to HDU
  (http://www.alta.org/govt/issues/02/alert_1012a.htm)
• Governtment Action: ALTA Needs your Help
  (http://www.alta.org/govt/issues/02/alert_1012.htm)
• Government Action: RESPA Issues
  (http://www.alta.org/govt/issues/respa.htm)
• HUD Announces Sweeping Changes to Closing Procedures
  (http://www.alta.org/indynews/enews/2002/062602.htm)

Internal Archive for Real Estate Service Providers Organization, 12/1/03:

• No documents found