Research

CRL Senior Research Debbie Bocian covers the key findings in the "Mortgages" chapter of State of Lending. </p>

CRL Senior Researcher Sonia Garrison covers the key findings of the "Student Loans" chapter in State of Lending.

Automobiles are one of the largest purchases most American households will make. Car ownership affects where people can live and expands their options for jobs. So the affordability and sustainability of auto financing can have a big impact on many U.S. households. Purchasing a car is a complicated endeavor, and the sales price, trade-in value, and financing can all have...

Wells Fargo's direct engagement in payday lending should have a significant negative impact on their upcoming Community Reinvestment Act evaluation.

Nationwide, foreclosures have drained nearly $2 trillion in property value from families who live nearby, more than half of them African-American or Latino.* This loss in wealth has hit some areas of the country harder than others. Here we break down the spillover costs for each state, showing total lost wealth, number of households affected and average home equity lost...

CRL urges the NCUA to structure their Payday Alternatives Loan (PAL) program to reflect the broad range of alternatives, to prevent the program from operating like a series of high-cost payday loans and to prevent credit unions from engaging in payday lending outside of the PAL program.

Despite the worst housing crisis since the Great Depression, owning a home is still central to the hopes and aspirations of many Americans. Even with the recent decline in house prices, owning a home can bestow more financial and non-financial benefits than any other single asset. This means more economic mobility and financial security for families, and stronger communities too...

Center for Responsible lending joined with Financial Services Roundtable and Housing Policy Council to ask Congress to extend the Mortgage Forgiveness Debt Relief Act. This tax law has bi-partisan support and is critical to helping homeowners and communities struggling with the ongoing foreclosure crisis. Read the letter sent to the Senate Committee on Finance Read the letter to the House...

The CaliforniaForeclosure Reduction Act – SB 900 (Leno, Corbett, DeSaulnier, Evans, Pavley, Steinberg) & AB 278 (Eng, Feuer, Mitchell) extends key protections of the National Mortgage Settlement to all mortgage servicers for owner-occupant borrowers at risk of foreclosure. Scope of Coverage What Loans? Limits covered loans to first liens of owner-occupied, one-to-four unit principal residence mortgages. Which Servicers? All servicers...

Foreclosures have drained nearly $2 trillion dollars in lost property value from nearby households. Half of this spillover cost has been incurred by communities of color. People who happen to live near foreclosures lose significant home equity. $1.95 trillion in property value has been lost or will be lost by residents who live close to foreclosed properties. Based on loans...