Washington, DC – Today, the National Community Reinvestment Coalition released a new white paper, “A Guarantee for the Guarantee: Two Proposals to Ensure that the Future Secondary Mortgage Market Serves All Creditworthy Borrowers.” The paper introduces two policy proposals designed to promote access and ensure that the future secondary mortgage market serves all creditworthy borrowers through […]
NCRC Releases GSE Reform Access White Paper Read More »
Washington, DC – Today, the National Community Reinvestment Coalition released a new white paper, “A Guarantee for the Guarantee: Two Proposals to Ensure that the Future Secondary Mortgage Market Serves All Creditworthy Borrowers.” The paper introduces two policy proposals designed to promote access and ensure that the future secondary mortgage market serves all creditworthy borrowers
Washington, DC – Today, the National Community Reinvestment Coalition applauded remarks from Senate Majority Leader Harry Reid on GSE reform. In a recent interview that addressed GSE reform, Senator Reid expressed the need to “protect homeownership.” “We are very glad to hear Senator Reid voice the need to protect homeownership and proceed carefully with GSE reform,”
NCRC Applauds Senator Reid’s Remarks on GSE Reform Read More »
Washington, DC – Today, in reaction to President Obama’s speech on housing in Arizona, NCRC President and CEO John Taylor made the following statement: “We applaud the President for stressing the importance of access to homeownership, affordable rental housing, and responsible lending. But we are very concerned that the President didn’t address what is missing from
NCRC Statement on President Obama’s Arizona Housing Address Read More »
Washington, DC – Today, in reaction to the news that President Obama has nominated Federal Reserve Board Governor Sarah Bloom Raskin to serve as Deputy Treasury Secretary, NCRC President and CEO John Taylor made the following statement: “Sarah Bloom Raskin is sure to be an excellent Deputy Treasury Secretary, and we urge her prompt confirmation.
NCRC Statement on the Nomination of Sarah Bloom Raskin as Deputy Treasury Secretary Read More »
Washington, DC – Today, the United States Department of Housing and Urban Development (HUD) released for public comment a proposed regulation clarifying the duty of government funded entities to Affirmatively Furthering Fair Housing. This highly anticipated rule provides guidance to over 1200 local governments, all states, and more than 4000 Housing Authorities and community development
NCRC Statement on HUD’s Proposed Affirmatively Furthering Fair Housing Rule Read More »
Washington, DC – Today, the National Community Reinvestment Coalition applauded the confirmation of Thomas Perez as Secretary of the U.S. Department of Labor. NCRC President and CEO John Taylor made the following statement: “We are very pleased that Thomas Perez has been confirmed as Secretary of Labor. Tom Perez is an outstanding public servant
NCRC Applauds Confirmation of Thomas Perez as Secretary of Labor Read More »
Washington, DC – Today, the National Community Reinvestment Coalition applauded the Senate confirmation of Richard Cordray as Director of the Consumer Financial Protection Bureau (CFPB). NCRC President and CEO John Taylor made the following statement: “Chalk one up for consumers. Big money didn’t want to see the Consumer Financial Protection Bureau created or a talented
NCRC Applauds Confirmation of Richard Cordray Read More »
Washington, DC – Today, the National Community Reinvestment Coalition called for the Senate to confirm Richard Cordray as Director of the Consumer Financial Protection Bureau (CFPB). President Obama renominated Cordray to be CFPB Director in January of 2013. Senate Majority Leader Harry Reid filed for cloture on the motion to proceed on Cordray’s nomination
NCRC Calls on Senate to Confirm Richard Cordray Read More »
On June 25, 2013, Senators Bob Corker (R-TN) and Mark Warner (D-VA) introduced “The GSE Reform Act of 2013.” A bipartisan group of five senators co-sponsored the bill, including Senators Heidi Heitkamp (D-ND), Dean Heller (R-NV), Mike Johanns (R-NB), Jerry Moran (R-KS), and Jon Tester (D-MT). Unfortunately, the Corker-Warner legislation is problematic and raises significant
The Consumer Financial Protection Bureau (CFPB) recently issued a series of amendments to the Ability-to-Repay rule, which is set to go into effect January 10, 2014. The rule, originally issued in January of this year, holds lenders legally responsible for acting in good faith and making a reasonable determination, before closing, that a homebuyer has
Washington, DC – In anticipation of today’s confirmation hearing, the National Community Reinvestment Coalition called for the confirmation of Mel Watt as Director of the Federal Housing Finance Agency (FHFA). “We urge the Senate to promptly confirm Mel Watt as Director of the FHFA,” said NCRC President and CEO John Taylor. “He is highly
NCRC Calls for Senate Confirmation of Mel Watt Read More »
Washington, DC – Today, in reaction to the National Mortgage Settlement Monitor’s latest quarterly update, NCRC President and CEO John Taylor made the following statement: “The latest Settlement Monitor’s update shows that many homeowners are receiving relief in the form of principal reduction, which is a very positive thing. It is good to see
Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) released an analysis of home and small business lending in Washington, DC. The analysis of 2011 Home Mortgage Disclosure Act data on lending from six major banks and the lending market as a group shows racial and gender disparities in home lending. The analysis
NCRC Analysis Shows Disparities in Lending in Washington, DC Read More »
