NCRC

NCRC Statement on the Release of 2012 Home Mortgage Disclosure Act Data

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, in reaction to the release of 2012 Home Mortgage Disclosure Act (HMDA) data, NCRC President and CEO John Taylor made the following statement: “Today, the federal government released Home Mortgage Disclosure Act data for 2012. The data shows a recovering housing market but also illustrates the prevalence of persistent racial disparities […]

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NCRC Applauds Passage of Local Responsible Banking Ordinance in Boston

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) applauded the Boston City Council’s unanimous passage of a local responsible banking ordinance. “We are very pleased that the Boston City Council has passed a local responsible banking ordinance,” said NCRC President and CEO John Taylor. “Local responsible banking ordinances empower local governments to hold banks

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NCRC Statement on Revised Proposed QRM Rule

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, in reaction to the release of a revised proposed Qualified Residential Mortgage (QRM) rule by federal regulators, NCRC President and CEO John Taylor made the following statement: “We are pleased that federal regulators have proposed a revised Qualified Residential Mortgage (QRM) rule that removes the unnecessary downpayment requirement that was previously proposed

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NCRC Efforts Result in Important Conditions on FDIC Approval of Renasant Bank Merger

By / / Press Releases / 4 minutes of reading

Washington, DC – Today, the National Community Reinvestment Coalition reacted to the Federal Deposit Insurance Corporation (FDIC) issuing a conditional approval of a merger between the holding companies for Renasant Bank and M&F Bank. As a condition of the merger, the newly merged Renasant Bank must conduct additional marketing to small businesses and qualified home

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NCRC Releases GSE Reform Access White Paper

By / / Press Releases / 1 minute of reading

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

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A Guarantee for the Guarantee: Two Proposals to Ensure that the Future Secondary Mortgage Market Serves All Creditworthy Borrowers

By / / Research / 1 minute of reading

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

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NCRC Applauds Senator Reid’s Remarks on GSE Reform

By / / Press Releases / 2 minutes of reading

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,”

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NCRC Statement on President Obama’s Arizona Housing Address

By / / Press Releases / 2 minutes of reading

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

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