Cosponsor the Catalyst Theory Restoration Act

When President Kennedy delivered his “Civil Rights Address” over 50 years ago he stated that “[t]he heart of the question is whether all Americans are to be afforded equal rights and equal opportunities; whether we are going to treat our fellow Americans as we want to be treated.”

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Help Clear the Backlog of Short Sales

Seven years after the 2008 housing collapse, we are still far from clearing our nation’s backlog of short sale homes. A short sale is a home sale in which the sale price of the property is likely to fall short of the total mortgage and liens on the property.

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The Impact of FASB’s Accounting Standards Update on Banks and Credit Unions

Banks and credit unions are an integral part of our communities that provide small businesses and consumers with access to affordable credit. For this reason, we have written a letter to express our concern with the Financial Accounting Standards Board’s
(FASB) proposed reforms to loan-loss reserve calculations. The proposed reforms would require banks and credit unions to estimate expected credit losses for the life of a financial instrument and recognize the net present value of those losses at the moment
of origination. This would be a stark departure from today’s practices where financial institutions follow generally accepted accounting principles (GAAP) and recognize credit losses when there is evidence they will actually incur a default.

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Help Protect the Housing Market

Seven years after the 2008 housing collapse, we are still far from clearing our nation’s backlog of short sale homes. A short sale is a home sale in which the sale price of the property is likely to fall short of the total mortgage and liens on the property.

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Help Families Avoid Foreclosure

Seven years after the 2008 housing collapse, we are still far from clearing our nation’s backlog of short sale homes. A short sale is a home sale in which the sale price of the property is likely to fall short of the total mortgage and liens on the property.

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