|By Marketwired .||
|May 15, 2014 02:20 PM EDT||
WASHINGTON, DC--(Marketwired - May 15, 2014) -
Mike Calhoun, president of the Center for Responsible Lending, issued the following statement today:
Any mortgage finance reform needs to prioritize access to credit and affordability for all creditworthy borrowers -- and that's not what we see in the bill that passed the Senate Banking Committee today.
The proposal to overhaul the nation's housing finance system needlessly makes mortgages more expensive and less available placing homeownership out of reach for far too many American families. Without meaningful requirements to serve all markets nationally or follow fair lending obligations, the proposal undermines efforts to ensure equal access to mortgage credit for communities of color or modest incomes. At the same time, the bill allows the largest banks -- many that were at the center of the recent crisis -- to dominate the market while putting smaller banks and credit unions at a competitive disadvantage.
We appreciate the efforts of the Senate Banking Committee, but fundamental changes are needed to ensure a healthy and robust housing finance system that meets the needs of all American families and the American economy.
We applaud the efforts of all who worked hard to fix the bill's shortcomings and look forward to working with members of Congress to address problems with the current financing system that fueled the recent crisis without undermining or eliminating those aspects that provided affordable thirty year fixed rate mortgages to tens of millions of American households.
About the Center for Responsible Lending: The Center for Responsible Lending is a nonprofit, nonpartisan research and policy organization dedicated to protecting homeownership and family wealth by working to eliminate abusive financial practices. CRL is affiliated with Self-Help, one of the nation's largest community development financial institutions.
CRL experts are available for comment and interviews on the Senate Banking Committee proposal (commonly called "Johnson-Crapo.") To arrange a call, please contact Catherine An at [email protected] or 202-349-1878.
For more information:
Developing software for the Internet of Things (IoT) comes with its own set of challenges. Security, privacy, and unified standards are a few key issues. In addition, each IoT product is comprised of (at least) three separate application components: the software embedded in the device, the back-end service, and the mobile application for the end user’s controls. Each component is developed by a different team, using different technologies and practices, and deployed to a different stack/target –...
Sep. 30, 2016 11:15 AM EDT Reads: 1,563
What does it look like when you have access to cloud infrastructure and platform under the same roof? Let’s talk about the different layers of Technology as a Service: who cares, what runs where, and how does it all fit together. In his session at 18th Cloud Expo, Phil Jackson, Lead Technology Evangelist at SoftLayer, an IBM company, spoke about the picture being painted by IBM Cloud and how the tools being crafted can help fill the gaps in your IT infrastructure.
Sep. 30, 2016 11:15 AM EDT Reads: 3,081
Sep. 30, 2016 11:00 AM EDT Reads: 491
Sep. 30, 2016 11:00 AM EDT Reads: 537
Sep. 30, 2016 11:00 AM EDT Reads: 3,987
Sep. 30, 2016 10:45 AM EDT Reads: 2,760
Sep. 30, 2016 10:45 AM EDT Reads: 3,618
Sep. 30, 2016 10:45 AM EDT Reads: 458
Sep. 30, 2016 10:45 AM EDT Reads: 4,478
Sep. 30, 2016 10:45 AM EDT Reads: 758
Sep. 30, 2016 10:30 AM EDT Reads: 3,027
Sep. 30, 2016 10:30 AM EDT Reads: 572
Sep. 30, 2016 10:30 AM EDT Reads: 241
Sep. 30, 2016 10:30 AM EDT Reads: 246
Technology vendors and analysts are eager to paint a rosy picture of how wonderful IoT is and why your deployment will be great with the use of their products and services. While it is easy to showcase successful IoT solutions, identifying IoT systems that missed the mark or failed can often provide more in the way of key lessons learned. In his session at @ThingsExpo, Peter Vanderminden, Principal Industry Analyst for IoT & Digital Supply Chain to Flatiron Strategies, will focus on how IoT de...
Sep. 30, 2016 10:15 AM EDT Reads: 1,296