Roxana Ruiz

The CFPB’s Revisions to the Qualified Mortgage Rules (the “GSE Patch”)

A price-based alternative, combined with existing statutory provisions and the additional regulatory safeguards outlined in the CFPB’s proposed rule, has the potential to improve access for LMI and minority borrowers, but it is critical to consider this proposal within the context of other federal policy changes affecting the nation’s housing finance system and the broader impacts of COVID-19 on LMI households and credit standards throughout the mortgage market.

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The OCC’s new emphasis on essential infrastructure will divert banks from low- and moderate-income neighborhoods

The poorly conceived addition of infrastructure as eligible community development will at best be under-utilized and at worst a giant sucking sound draining resources from LMI neighborhoods and even threatening some of them with physical destruction.

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Study: Before COVID-19, a small number of booming cities struggled with gentrification. The rest simply struggled.

San Francisco was the most intensely gentrified city in America from 2013 to 2017, a new study found. But the emergence of COVID-19 exposed deep economic and social fault lines nationwide. While a small number of cities were booming, most were not.

Study: Before COVID-19, a small number of booming cities struggled with gentrification. The rest simply struggled. Read More »

NCRC supports House resolution to overturn new CRA rules

House Financial Services Committee Chair Rep. Maxine Waters (D-CA) and Rep. Gregory Meeks (D-NY), also a member of the Financial Services Committee, introduced yesterday a Congressional Review Act resolution to overturn the Community Reinvestment Act (CRA) rules finalized this month by the Office of the Comptroller of the Currency (OCC). 

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Maria Georgieva

Digital Manager/CRM Lead mgeorgieva@ncrc.org 202-464-2713 Maria Georgieva is the Digital Manager and CRM Lead at NCRC, responsible for the overall online systems and constituent relationship management system. Prior to NCRC, Maria worked as a Business Systems Analyst and frontend web developer implementing Record Management Systems with local and state governments. She received her bachelor’s degree

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NCRC Statement on New PPP Flexibility Act

This week, the Senate passed the Payment Protection Program (PPP) Flexibility Act, already passed by the House in May, sending the bill to the president, who is expected to sign it into law. While the act makes necessary improvements to the PPP, more needs to be done to ensure money is going to minority and women-owned businesses and the smallest small businesses.

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