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Issue: Doctype: Research & Reports

Research & Reports

National_102307_Report_Subprime_Loans.pdf

October 23, 2007

This update report is part of a series of reports showing how American families are harmed by special interest campaign donations. This report shows nearly $242 million spent by mortgage industry may be part of the answer.

National_050707_Report_Mortgage_Rates_and_Lobbying_2.pdf

May 7, 2007

While investing nearly $210 million on Washington lobbying and campaign contributions, the mortgage lending industry for seven years successfully blocked Congress from taking action to restrict lending abuses that saddled economically vulnerable families with home mortgages they could not afford. In 2006 alone, foreclosure filings across the country were up 42 percent compared to 2005�a total of 1.2 million homes in jeopardy, or one in every 92 homes. And foreclosures continue to mount in 2007, with March foreclosure filings up 47 percent compared to the year before.

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