President of @CRLOnline. Working to create opportunity for everyone by eliminating abusive financial practices. #StopTheDebtTrap
Washington, DC
Joined May 2014
- Tweets317
- Following114
- Followers642
- Likes39
Mike Calhoun retweeted
Families saving for homeownership have a far steeper climb than just a few years ago. Aspiring homeowners are living the harsh reality of the affordability crisis especially if they can’t get money for upfront costs from the ‘bank of mom and dad.' @CRLMike
julianbondinstitute.org/publ…
Homeownership is a primary vehicle for #WealthBuilding, but for too many families, it is out of reach. Our new analysis found that period a renter family at the median income needs to save for a down payment and closing costs has doubled since 2019.
julianbondinstitute.org/publ…
Mike Calhoun retweeted
Let’s not revive the predatory mortgages Barney Frank eliminated loom.ly/GfBY1FU
Op-Ed in @TheHillOpinion by @CRLMike Calhoun
Mike Calhoun retweeted
New Poll Finds Voters Across Parties Agree "Earned Wage Access" Payday Loan Apps Should Play by the Same Rules as Banks and Other Lenders - Rates should be capped at 36% and follow other consumer protections loom.ly/86WGQbs
#ProtectConsumers #FinancialFairness
Mike Calhoun retweeted
Regulators should reject high-cost lenders' bank charter applications
- by @CRLMike Calhoun in @AmerBanker
americanbanker.com/opinion/r…
Mike Calhoun retweeted
Have you seen the first episode of our new podcast yet? Watch 'Forward in the Struggle' today and subscribe to our YouTube channel to be the first to get each new episode! #TheViewpoint loom.ly/6Kf0-qg
Mike Calhoun retweeted
CRL Supports AFFORD Act - "The bill will improve CDFIs’ ability to transform relatively limited public dollars into larger pools of private capital to target small business development and critical infrastructure investment..." @CRLMike Calhoun loom.ly/jZQbyEE
Mike Calhoun retweeted
As National Homeownership Month, June is a time to celebrate the American Dream of safe, stable housing and reflect on how we can expand access to that dream.
Read the latest blog post from @CRLMike Calhoun on the importance of equitable homeownership loom.ly/cTDrQss
Mike Calhoun retweeted
Why the Senate should protect funding for the CFPB - OpEd by @CRLMike Calhoun #DefendCFPB loom.ly/t9MfvWw
Mike Calhoun retweeted
Trump officials should maintain steps to reduce foreclosures @CRLMike @NatMortgageNews nationalmortgagenews.com/opi…
Mike Calhoun retweeted
CRL, @RealBankReform, and @NCRC Blast Senate Democrats For Betraying Small Business Owners With Vote To Rescind Section 1071 responsiblelending.org/media…
Mike Calhoun retweeted
Alluring Cash-out Refinance Offers Can Be Financial Trap for Homeowners: New research from @AEI and CRL raises concerns that government guarantee policies are promoting the use of “the house as an ATM” by lower-wealth, cash-constrained buyers.
responsiblelending.org/media…
Mike Calhoun retweeted
Why should the nearly 6 million unbanked households #GetBanked? @CRLMike of @crlonline believes opening a bank account can put you on the road to financial security.
FDIC.gov/GetBanked
Mike Calhoun retweeted
ICYMI: “It is particularly hard for people who are buying smaller houses with smaller mortgages to find a lender and to get that mortgage,” said @CRLMike Calhoun, president of the Center for Responsible Lending. “And they also surprisingly are more expensive.”
More than a quarter of home sales nationwide are for homes priced below $100,000. Yet, just 23.2% of those are purchased using a mortgage. cnb.cx/3wIwnd4
Mike Calhoun retweeted
It’s time to be “really creative and bold” to ensure availability of affordable rental housing, says Diane Yentel @NLIHC in @BrookingsInst webinar on future paths to strengthen #HousingFinance system.
Mike Calhoun retweeted
Now our panel of experts from orgs including @nardotrealtor, @BPC_Bipartisan, & @NLIHC will weigh in on the future of #FannieMae & #FreddieMac and homeownership in the US.
Watch -> brook.gs/353ojsv #HousingFinance
Mike Calhoun retweeted
Policymakers and housing finance industry underestimate the scale of support needed to increase #Black and #Hispanic #homeownership rates, says @CRLMike. #HousingFinance
Mike Calhoun retweeted
@CRLMike says black-white homeownership gap has been stuck in a rut for 50 years, “we clearly have to take new steps.” And it starts with the GSEs. #HousingFinance
Mike Calhoun retweeted
"Increased affordable housing support, racial equity programs, and utility oversight should be solidified and formalized during conservatorship while the GSEs build up capital." -@CRLMike's #HousingFinance report, published by @BrookingsEcon. Read it at brook.gs/3HG9Z7g
Mike Calhoun retweeted
.@CRLMike says the home ownership rate for white households that didn't complete high school is higher than for Black families who have completed college.
How could GSEs help narrow that gap?
Watch live: brook.gs/353ojsv
Share your Qs: #HousingFinance
