AFR Letter: Oppose the Sequester Replacement Reconciliation Act of 2012
AFR sent a letter to members of congress, urging them to oppose the "Sequester Replacement Reconciliation Act of 2012", which would end the Home Affordable Mortgage Program (HAMP), repeal the...
View ArticleAFR Conference: Principal Reduction and the Economy TODAY June 28
PRINCIPAL REDUCTION AND THE ECONOMY June 28, 2012 2:00 – 5:00 PM Economic Policy Institute, 1333 H Street NW, Washington DC Presented By: Americans for Financial Reform Space is limited, please RSVP...
View ArticleAFR Conference: Principal Reduction and the Economy
AFR along with Campaign for a Fair Settlement, ESOP, National Community Reinvestment Coalition, and New Bottom Line hosted a conference to discuss principal reduction.
View ArticleAFR Comment Letter: Do Not Interfere With State and Local Use of Eminent...
AFR wrote to the Federal Housing Finance Administration asking them not to interfere in state and local use of eminent domain to aid homeowners in restructuring underwater mortgages
View ArticleAFR Comment Letter on CFPB Servicing Standards Proposal
AFR submitted a comment letter to the CFPB regarding their servicing standards proposal.
View ArticlePublic Interest Organizations Submit Comment Letter Regarding CFPB’s...
AFR joined more than 35 organizations in signing onto a comment letter regarding the CFPB's servicing standards proposal.
View ArticleAFR Letter: Keep Tabs on Racial Dimension of Mortgage Settlement
AFR’s foreclosure working group has appealed to the monitor of the national mortgage settlement to include race, ethnicity, and geography in a public process of evaluation. In a letter to Joseph Smith...
View ArticleAFR in the News: Consumer Groups Want Fair Lending Data Added to Mortgage...
“Consumer groups are urging the monitor of the national mortgage settlement to add data on race, ethnicity and geography to determine whether the five largest servicers are offering relief to...
View ArticlePublic Interest Groups Send Letter to Mortgage Settlement Monitor Expressing...
AFR joined more than 100 public interest groups in sending a letter to the mortgage settlement monitor stressing the need for greater transparency to ensure the effectiveness of this settlement...
View ArticleMore than 100 Watchdog Groups Demand Full Fair-Lending Compliance and...
On Wednesday, March 27th, a coalition made up of 109 civic groups sent a letter to Mortgage Settlement Monitor Joe Smith and the Executive Monitoring Committee highlighting concerns with the slow pace...
View ArticleAFR Statement on Senate Vote to Filibuster Mel Watt Nomination
On Oct. 31, the Senate voted to filibuster the nomination of Representative Mel Watt as Director of the Federal Housing Finance Agency. This was an appalling vote on several levels. In the first...
View ArticleAFR Statement on Confirmation of Mel Watt to Head the FHFA
"Mel Watt’s confirmation as director of the Federal Housing Finance Agency is heartening news for American families and communities... Under his leadership, the FHFA can be a help rather than a...
View ArticleWide Range of Groups Oppose FHFA G-fee Proposal
FHFA's proposal to charge more in states with consumer protections has elicited letters of strong opposition from housing and consumer advocates, members of Congress, legal and policy experts,...
View ArticleAFR in the News: Community Advocates Seek Better Data on Mortgage Relief
Without a neighborhood-by-neighborhood breakdown, “it is impossible to measure the impact of the national mortgage settlement in any meaningful way.”
View ArticleAFR Statement on Nomination of Mel Watt to Lead FHFA
"It is past time for new leadership at FHFA, and we urge swift action to bring about that change."
View ArticleNational Faith, Community and Labor Leaders Call on FHFA Director Watt to...
“We write to you now on behalf of the millions of families who are still struggling with negative home equity, as well as those who are in danger of losing their homes through foreclosure, and the...
View ArticleAFR Joins More than 200 Other Groups in Urging FHFA Director Mel Watt to...
Mel Watt is being urged again to end the policy of prohibiting mortgage modifications that reduce the balance of principal. In a joint letter delivered today, more than 200 housing, community, labor,...
View ArticlePress Release: CFPB Proposal Would Expand Foreclosure Protections
Members of the Americans for Financial Reform coalition have argued that all homeowners should enjoy the same basic protections in their dealings with mortgage loan servicers. On November 20, the CFPB...
View ArticleJoint Press Release: Mayors from 18 Cities Call for an End to Fire Sales of...
Following the release of a report by the Center for Popular Democracy and the ACCE Institute detailing sales of troubled mortgages to faulty players, mayors from across the country are calling for...
View ArticleAFR in the News: The Billionaire Banker in The Shadows (Forbes)
"In a stroke of brilliant financial maneuvering Lone Star bundled some of the mortgages into bonds and sold them to investors, immediately booking large profits... 'Lone Star has bought these loans at...
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