National Ass'n of Mortgage Brokers v. Board of Governors of the Federal Reserve System
District Court, District of Columbia
1Opinion of the Court
MEMORANDUM OPINION
BERYL A. HOWELL, District Judge.
Over the past few years, this country has grappled with an extended economic crisis, the roots of which have been attributed to failures in the home mortgage industry. In an effort to understand and correct failures in this market, Congress and the regulatory agencies overseeing the home mortgage industry held hearings, conducted studies, and ultimately proposed laws and regulations prohibiting industry practices deemed to be deceptive or unfair. In the case currently before the Court, two national trade organizations representing mortgage…
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