http://www.responsiblelending.org Entries posted in CRL's Center For Straight Answers. web@responsiblelending.org 2010 Center for Responsible Lending Convio Content Management System Module en-us http://www.responsiblelending.org/styles/images/crl-logotag.jpg http://www.responsiblelending.org www.responsiblelending.org-105491913 http://feedproxy.google.com/~r/CenterForStraightAnswers/~3/PMcuaIJumtI/myths-and-facts-regarding-the-subprime-market.html The current epidemic of subprime foreclosures is severe and widespread. The primary victims are hard-working families who, instead of gaining the benefits of homeownership, are struggling to keep their home. However, in spite of these realities, certain myths persist. Tue, 15 May 2012 10:12:35 -0500 http://www.responsiblelending.org/media-center/center-for-straight-answers/myths-and-facts-regarding-the-subprime-market.html www.responsiblelending.org-105491959 http://feedproxy.google.com/~r/CenterForStraightAnswers/~3/she7ikKKKCY/why-are-we-still-listening-to-the-mba.html With many predicting millions of foreclosures still to come, many are embracing the access to bankruptcy courts to modify failing mortgages as a significant solution to the current crisis. Yet, the Mortgage Bankers Association (MBA) recently announced its opposition to this solution, claiming it will have a “destabilizing effect” on the mortgage market. Then again, these are the same people who for years claimed that subprime lending was sound and that there was no foreclosure crisis coming. Tue, 15 May 2012 08:47:25 -0500 http://www.responsiblelending.org/media-center/center-for-straight-answers/why-are-we-still-listening-to-the-mba.html www.responsiblelending.org-105491943 http://feedproxy.google.com/~r/CenterForStraightAnswers/~3/CELLaX88oiU/self-help-credit-union-fair-lending-strong-results.html In their newest attempt to halt reform on their industry, payday lenders have created a fake "grassroots" group called the Consumers Rights League (CR League) to attack Self-Help and CRL by spreading misinformation about the groups' work. Mon, 14 May 2012 12:28:12 -0500 http://www.responsiblelending.org/media-center/center-for-straight-answers/self-help-credit-union-fair-lending-strong-results.html www.responsiblelending.org-105491865 http://feedproxy.google.com/~r/CenterForStraightAnswers/~3/_VrbmPWDlhQ/how-self-help-cu-compares-to-its-peer-credit-unions.html Self-Help financial results versus other credit unions shows how responsible lending makes economic sense for consumers and financial institutions. Mon, 14 May 2012 12:26:36 -0500 http://www.responsiblelending.org/media-center/center-for-straight-answers/how-self-help-cu-compares-to-its-peer-credit-unions.html www.responsiblelending.org-105491879 http://feedproxy.google.com/~r/CenterForStraightAnswers/~3/ZFHDuBZK67E/how-self-help-s-financial-soundness-supports-its-community-development-work.html SHCU financial results and practices have nothing to do with self-interest, but with the development of strong communities. Wed, 11 Apr 2012 10:37:27 -0500 http://www.responsiblelending.org/media-center/center-for-straight-answers/how-self-help-s-financial-soundness-supports-its-community-development-work.html www.responsiblelending.org-105491769 http://feedproxy.google.com/~r/CenterForStraightAnswers/~3/a2dT9yUOlDQ/who-we-are-and-what-we-stand-for.html Despite heavy industry critiism, in 2006, CRL warned that subprime loans were on the verge of failing on a mass scale. As we now know, that projection has proved to be all-too accurate. Throughout its history, CRL has pushed for financial products that make economic sense for consumers, that is who we are and what we stand for. Thu, 05 Apr 2012 22:09:59 -0500 http://www.responsiblelending.org/media-center/center-for-straight-answers/who-we-are-and-what-we-stand-for.html www.responsiblelending.org-144221106 http://feedproxy.google.com/~r/CenterForStraightAnswers/~3/Agl2YmJOcDc/Reform-Foes-Reach-New-Lows-in-Raising-Attack-Volume.html Payday lenders and other opponents of financial reform are ramping up the rhetoric in attacking CRL, but the attacks are still baseless. Mon, 19 Mar 2012 15:41:21 -0500 http://www.responsiblelending.org/media-center/center-for-straight-answers/Reform-Foes-Reach-New-Lows-in-Raising-Attack-Volume.html www.responsiblelending.org-259960270 http://feedproxy.google.com/~r/CenterForStraightAnswers/~3/hTthBErg6G8/when-wikis-go-wrong.html Wikis are websites where users collaborate to publish content. They have become increasingly popular as many people search online for quality (and hopefully unbiased) information. But articles on one wiki claim CRL is pro-payday lending (wrong) , and link directly to ads for online payday loans (yuck). Mon, 08 Aug 2011 11:23:35 -0500 http://www.responsiblelending.org/media-center/center-for-straight-answers/when-wikis-go-wrong.html www.responsiblelending.org-105491754 http://feedproxy.google.com/~r/CenterForStraightAnswers/~3/CXSYZDsEpAs/tis-the-season-for-scapegoating.html With all the massive bailouts blooming in Congress, one would think that Wall Street would take some responsibility for the mess they created, but instead they are blaming everything and everyone they can. Tue, 24 May 2011 16:51:12 -0500 http://www.responsiblelending.org/media-center/center-for-straight-answers/tis-the-season-for-scapegoating.html www.responsiblelending.org-105491849 http://feedproxy.google.com/~r/CenterForStraightAnswers/~3/6ZjWczPWnFw/forbes-probe-gets-it-wrong.html The Columbia Journalism Review finds that a Forbes “probe” of CRL’s CEO Martin Eakes “can’t find any facts—not even one—that even remotely qualify as mud." Tue, 24 May 2011 16:47:29 -0500 http://www.responsiblelending.org/media-center/center-for-straight-answers/forbes-probe-gets-it-wrong.html