On Friday, January 27, President Obama followed up on a promise made in his State of the Union Address by creating a new working group to aggressively investigate the abuses that triggered the housing crisis. We know that President Obama means business because he chose New York Attorney...

Last month, California Attorney General Kamala Harris subpoenaed Fannie Mae and Freddie Mac for information on their foreclosure proceedings in her state. While it is too early to say what will come of the subpoena, Harris' attention to the role of Fannie and Freddie in stemming our foreclosure...

I recently testified before the Senate Banking Committee on the virtues of the 30-year fixed-rate mortgage. For eight decades running, this type of mortgage has made homeownership affordable and stable for working and middle-class families. This winning formula has allowed millions to obtain the only leveraged asset most...

Last week, President Obama and Ed DeMarco, the overseer of Fannie Mae and Freddie Mac, announced their intention to remove barriers that have kept working homeowners from refinancing home loans into low-interest rates. Like anything coming out of Washington, the devil is in the details, and we must wait for...

Are you concerned about debt bunnies? Does your vampire retirement keep you up at night? It might sound like a long shot, but financial entertainment could be the key to enticing individuals to tackle complex money concepts. We've all been there -- lost in an addicting...

Hispanic families are faring the worst during the current economic meltdown. According to a recent study released by the Pew Research Center, Latinos experienced the single largest decline in wealth of any other group. This development could severely alter the economic future of our nation as Hispanics will...

More than one million Latino families have either lost or will soon lose their homes. In California, Hispanic-owned homes account for nearly half (48 percent) of all foreclosures. The rapid loss of homes among Latino and Black homeowners has increased the gap in homeownership rates between...

Earlier last week, a term sheet being negotiated among 50 state attorneys general (AGs) and the five largest mortgage servicers was leaked to the press. It does give us a brief, if incomplete, glimpse of the high-powered conversations on which the fate of millions of homeowners rests. The...

Congress has an opportunity to spur job creation and recovery from the foreclosure crisis -- and at little cost to the taxpayer.

How is this possible? The American Community Investment Reform Act of 2010 (H.R. 6334), introduced last week by Luis Gutierrez (D-IL), would promote safe, sound, and...

This blog post was coauthored by the Woodstock Institute and the National Council of La Raza.

Pages and pages of ratios and figures don't usually fire up a crowd, but they do affect the rash of foreclosures our country is experiencing, and Americans are fired up...

Below is the final installment of a five-part series, Too Little to Save, in which the National Council of La Raza (NCLR) highlights a family and describes their struggles with foreclosure.

Mr. and Mrs. Henriquez have two sons, ages four and seven, and live in the Central...

Below is the fourth installment in a five-part series, Too Little to Save, in which the National Council of La Raza (NCLR) highlights a family and describes their struggles with foreclosure.

Ms. Suarez is a single mom who has a toddler and two ten-year-old twins,...

Below is the third installment of a five-part series, Too Little to Save, in which the National Council of La Raza (NCLR) highlights a family and describes their struggle with foreclosure.

Mr. and Mrs. Navarro live with their 34-year-old daughter, a 16-year-old grandson, and an eight-year-old granddaughter. Family members...

This is the second installment of a five-part series titled Too Little to Save, in which the National Council of La Raza (NCLR) highlights a family and describes their struggles with foreclosure.

A husband, a pregnant wife, and a five-year-old son: This is the Nunez family of northwestern Georgia. The...

Today, the National Council of La Raza (NCLR) launched a five-part weekly blog series titled Too Little to Save. Each installment will spotlight a family and describe their struggles with foreclosure. A recent study authored by NCLR and the Center for Community Capital at the University of North...

Last night's passage of the "Restoring American Financial Stability Act of 2010" (S. 3217) in the Senate was remarkable for many reasons, but what may be most remarkable is what's not in the bill: an exemption from accountability for auto dealers. Despite the fact that auto dealers act...

The congressional debate on financial reform turned a corner when Senator Reid (D-NV) filed for cloture Monday night, a move that signals the final hours of deliberation of the "Restoring American Financial Stability Act of 2010" (S. 3217). Yet the end result is far from clear. A lot can happen...

Capitol Hill has been teeming with auto dealers as the debate heats up on the proposed "Restoring American Financial Stability Act of 2010" (S. 3217). Dealers have their radar honed in on an amendment in S. 3217 that would exempt them from the jurisdiction of the Consumer Financial...

Auto dealers arrived on Capitol Hill yesterday seeking special carve-outs from the proposed "Restoring American Financial Stability Act of 2010" (S. 3217). This banking reform bill aims to put an end to the reckless practices of Wall Street and the abusive and discriminatory tactics by financiers of all...

The National Council of La Raza (NCLR) has long pushed members of the Senate Banking Committee to establish a strong, independent Consumer Financial Protection Agency (CFPA). Senator Chris Dodd (D-CT) did the right thing on Monday by moving the bill out of his committee and closer to the...