While 2020 was disastrous for millions of Americans impacted by the coronavirus, the mortgage industry was in overdrive as interest rates dropped to levels not seen since the housing crash of 2009. In a new report, the National Community Reinvestment Coalition (NCRC) found that the explosion of refinance lending reinforced historical patterns of disinvestment in […]
President Biden today nominated former Treasury Department Deputy Secretary Sarah Bloom Raskin to serve as the Vice Chair for Supervision of the Federal Reserve Board and Lisa Cook and Philip Jefferson as Governors.
As has been true throughout my life, the words of Dr. King, though written over 50 years ago, speak clearly to the times I am living in.
Dr. King’s Testament of Hope Amidst Melancholy and Discouragement in 2022 Read More »
The Just Economy Conference is the national event for community, policy, government, business and foundation leaders working toward a just economy that not only promises but delivers to all Americans opportunities to build wealth and live well.
Call for Submissions: Speak at the 2022 Just Economy Conference Read More »
An NCRC evaluation of small business loan applications from a sample of seven banks in Washington, DC revealed that some lenders discriminate against applicants who have been charged at any time in their lives with a criminal offense.
The disparate impact of using “Ever Charged” on a commercial loan application Read More »
WBAL TV, December 20, 2021, Residents, Community Groups React To Bank Branch Closing In Brooklyn Brooklyn, in southwest Baltimore, is a neighborhood at a crossroads. The COVID-19 pandemic, along with other issues, have created some inequities. A bank the community relied on has shut its doors. Bank of America told 11 News the impact of
WBAL TV: Residents, community groups react to bank branch closing in Brooklyn Read More »
Capital & Main, December 20, 2021, Are Nonbank Mortgage Lenders Good for Minority Borrowers? A loan officer at a mortgage company questions a Black loan applicant about household debts, but subsequently invites a less creditworthy white borrower to fill out an application with “no inquiry about credit standing or debts.” He then offers to walk the
Capital & Main: Are Nonbank Mortgage Lenders Good for Minority Borrowers? Read More »
The Denver Post, December 19, 2021, “Where we come from is art”: Denver’s gentrifying Northside captured through the lens and poetry of its Latino youth Tim Hernández is a witness to the pain, the promise, the joy, the hope, the struggles of the Northside’s youth. He’s a teacher at North High and a product of
Housing Wire, December 16, 2021, Mortgage industry cheers Sandra Thompson’s nomination Industry stakeholders and affordable housing advocates welcomed news that the Federal Housing Finance Agency’s acting director, Sandra Thompson, was nominated for the permanent role. Some had previously expressed frustration that there was not a permanent nominee for the FHFA, although there is recent precedent for an acting FHFA
Housing Wire: Mortgage industry cheers Sandra Thompson’s nomination Read More »
NBC News, January 4, 2022, How 3D printing can be the solution to the nation’s affordable housing crisis Using 3D printing to build homes provides numerous benefits, including a decrease in construction time due to the machine’s efficiency. During the process, concrete is extruded from a large machine into layers that form the walls, foundation
NBC News: How 3D printing can be the solution to the nation’s affordable housing crisis Read More »
WBFO/NPR, January 3, 2022, NYC must provide separate housing for trans people in homeless shelters under new settlement New York City must provide dedicated, separate housing for homeless trans and gender non-conforming people in city shelters in four boroughs, according to the terms of a recent legal settlement with Mariah Lopez, an activist with the
Bloomberg Business + Equality, January 7, 2022, Wall Street Is Using Tech Firms Like Zillow To Eat Up Starter Homes A Bloomberg News analysis of more than 100,000 property records shows that Zillow and the two other biggest iBuyers, Opendoor Technologies Inc. and Offerpad Solutions Inc., are selling thousands of homes to landlords backed by KKR & Co., Cerberus Capital Management, Blackstone
NPR, January 7, 2022, Why Some Cities Are Operating Legal Homeless Camps Even In The Dead Of Winter The homelessness crisis, especially in major West Coast metro areas grabs the headlines: tent cities lining freeways and spreading into busy entertainment districts. But every night an untold number of people are also sleeping outside in smaller
NPR: Why some cities are operating legal homeless camps even in the dead of winter Read More »
The National Community Reinvestment Coalition (NCRC) submitted this week a detailed comment to the Consumer Financial Protection Bureau (CFPB) for its proposed rule on reporting and disseminating small business loan data required by Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
NCRC submits comment to the CFPB on Section 1071 Proposed Rule Read More »
hief Financial Officer. He will play a key role in advancing NCRC’s strategic priorities, including building organizational resiliency through the combined power of people and systems.
NCRC Hires Adnan Bokhari as Executive Vice President and CFO Read More »
