At NCRC Conference, Joseph Smith Jr., Franklin Raines, Marc Morial, Mark Calabria Discuss Solutions To Foreclosure Crisis, Returning Home Opportunity To America

Washington, DC — Today, at the National Community Reinvestment Coalition’s (NCRC) annual conference, a panel of top experts will discuss and debate how best to reach equitable, workable solutions to the foreclosure crisis. The plenary will feature Joseph Smith Jr., monitor for the national mortgage settlement, Franklin Raines, former Fannie Mae Chairman and CEO, Marc Morial, President of the National Urban League, Mark Calabria, Director of Financial Regulation Studies at the Cato Institute, Diane Thompson, Of Counsel at the National Consumer Law Center, and Hubert Van Tol, Director for Economic Justice at Pathstone. The panel will discuss the measures necessary to stop the foreclosure epidemic, implement principal reductions on a large scale, and bring the housing market and economy back to full strength.

“We are very pleased to have this group of leading experts tackle these critical issues at our conference,” said NCRC President and CEO John Taylor. “The housing market will continue to be a drag on the economy until policy makers and financial institutions alike can come together and offer serious, equitable remedies. This event is a forum to bring constructive ideas to the forefront.”

“Some see the current economy as a glass half empty, and some as a glass half full. But no matter how you look at it, the broken housing market is a hole in the bottom of that proverbial glass. Until we fix it, we will never fill the glass.”

Joseph Smith, Jr. made the following statement about the conference: “The consumer advocates attending NCRC’s meeting are true experts about the issues Americans face in the housing market. This conference marks an important first step in what I hope will be a productive working relationship with these advocates. I hope that together we will find a way to reboot the mortgage industry in a way that is more focused on the consumer.”

The conference also features workshops and state-of-the-art training to give NCRC’s members and conference participants the tools to implement change in their communities.

 

About the National Community Reinvestment Coalition (NCRC):
The National Community Reinvestment Coalition is an association of more than 600 community-based organizations that promote access to basic banking services, including credit and savings, to create and sustain affordable housing, job development, and vibrant communities for America’s working families.  

###

Print Friendly, PDF & Email

Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

Complete the form to download the full report: