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AFFIL Executive Director Jim Campen to Present New Data on Massachusetts Mortgages to U.S. House Financial Services Committee

October 12, 2007

Press Release (PDF)

Testimony to Highlight the Declining Role of Massachusetts Banks, the Increasing Role of Largely Unregulated Mortgage Lenders, and Resulting Racial Disparities in Lending

Jim Campen, executive director of Americans for Fairness in Lending (AFFIL), will present findings from his 14th Annual Report on mortgage lending patterns in Boston, Greater Boston, and Massachusetts before the U.S. House Financial Services Committee.

The report, “Persistent Patterns and Industry Changes: Mortgage Lending Disparities in Greater Boston,” addresses disturbing changes in mortgage lending practices in Massachusetts and across the country. Campen’s testimony will cite enormous racial/ethnic disparities in mortgage lending across the Bay State, as well as the specific communities being burdened with the highest cost mortgage loans.

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