1. How do I make hotel reservations? Call the Reservations Desk at the Washington Court Hotel. Mention the group name NCRC to get the conference rate of $248.00 single occupancy, $273.00 double occupancy The toll free number is: (800) 321-3010. 2. Distance From Airports? Regan National Airport (10 miles) | Dulles International Airport (35 miles) […]
The 2011 conference venue is the Washington Court Hotel. The Washington Court Hotel is located on Capitol Hill only 3 blocks from the Capitol Building and 2 blocks from Union Station. Â Reserve your place now. To secure accomodations for the 2011 NCRC Annual Conference, please contact the hotel by phone to book your room,
Hotel Information Read More »
NCRC extends its small business development initiatives to Houston via newly opened Houston Minority Business Enterprise Center Houston, TX— The National Community Reinvestment Coalition (NCRC) announced today the opening of the Houston Minority Business Enterprise Center (HMBEC). Located downtown in the Houston Technology Center at 410 Pierce Street, the HMBEC will provide training and technical
Houston Minority Business Enterprise Center Opens its Doors in Downtown Houston Read More »
Addressing economic insecurity of older adults through regional organizing and advocacy groups
Washington, DC — The National Community Reinvestment Coalition (NCRC), with support from Atlantic Philanthropies, is pleased to announce its 2011 Request for Proposals (RFP) for National Neighbors Silver, an initiative to support and empower older adults nationwide.
As the United States suffers from historically high rates of foreclosure and unemployment, older adults across the nation are not only more numerous than past generations, but also more susceptible to financial insecurity and instability. Many older adults who lost their jobs during the economic crisis have been pushed out of the workforce and into early retirement.
“Many older Americans face new challenges in this economic environment. The sharp reduction in the value of most seniors’ primary asset — their home — means that many are now especially susceptible to financial insecurity. The National Neighbors Silver initiative will support participating regional organizations to directly tackle the root causes of the unique economic challenges faced by America’s older citizens,” said John Taylor, president and CEO of NCRC.
NCRC Announces RFP for Initiative to Empower Older Adults Read More »
National Neighbors Silver The National Community Reinvestment Coalition (NCRC) with support from Atlantic Philanthropies is pleased to issue this 2011 Request for Proposals (RFP) in a new initiative to support and empower older adults nationwide. In line with NCRC’s mission to increase fair and equal access to credit, capital, and banking services to underserved communities,
National Neighbors Silver RFP Read More »
Going Forward, Two Big Lessons Learned: Don’t Put the Fox in the Henhouse, and Regulation Matters
Washington, DC — John Taylor, President and CEO of the National Community Reinvestment Coalition, released this statement today about the Financial 
Crisis Inquiry Commission report and proposals to return the government-sponsored entities to the private sector without affordable housing goals:
This report puts the blame where it belongs on Wall Street and the federal regulators who looked the other way. It also puts to rest the myth that making capital available to low or moderate-income borrowers was a cause of the crisis.
While the report may be a day late and a dollar short, the lessons going forward are that regulators need the authority and the resources to stay on top of financial innovations and make sure risk taking does not become reckless. The other very important lesson is that regulation matters when it comes to protecting consumers. There is an appropriate and necessary federal role in ensuring access to capital and markets for nontraditional borrowers, which is why the affordable housing goals must remain a part of the mission of the government-sponsored entities.
FCIC Report Puts Blame Where It Belongs: On Wall Street & Regulators Read More »
NCRC’s Housing Counseling Network joins DC program to provide foreclosure prevention counseling to the unemployed
Washington, DC— the National Community Reinvestment Coalition’s Housing Counseling Network (NCRC HCN), a Housing and Urban Development (HUD) certified housing counseling organization, announced that it will provide housing counseling under the District of Columbia Housing Finance Agency’s (DCHFA) HomeSaver program. The DCHFA program will provide foreclosure prevention to an estimated 1,000 unemployed DC homeowners, and is funded by the $1.5 billion dollar Hardest Hit Fund Initiative created by the Obama administration last year.
The Hardest Hit Fund Reaches DC Residents via Newly Launched HomeSaver Program Read More »
NCRC commented on the recent Bloomberg by Carter Dougherty. http://www.bloomberg.com/news/2011-01-20/fed-abandons-plan-to-curb-borrower-rights-to-rescind-mortgages.html
FED Abandons Plan to Curb Borrower Rights Read More »
By: Lori Ann LaRocco CNBC Sr. Talent Producer Published: Monday, 29 Nov 2010 | 10:17 AM ET Â The foreclosure crisis still divides us into two camps. There are those who believe that foreclosing rapidly on homes subject to defaulted mortgages is vital to clearing the market. Others believe we should do everything we can
John Taylor: Foreclosures Are the Mortal Enemy to Economic Recovery Read More »
NCRC’s Housing Counseling Network Offers Loan Modification and Financial Assistance to Homeowners Are you struggling to make your mortgage payments? Are you unable to refinance? Are you upside on your mortgage? Are you late paying your mortgage? Â If you answer “YES” to any of the following above, you may be in danger of facing
HCN Offers Assistance to DC Residents Read More »
Washington, DC – A new report from the Congressional Oversight Panel shows that the Administration’s leading foreclosure prevention program, the Home Affordable Modification Program (HAMP), will modify less than 5% of the loans that will go into foreclosure by program end. An estimated 8 to 13 million foreclosures will take place by 2012. The report
While HAMP Program Continues to Fail, Treasury Hides the Ball Read More »
Files 22 Complaints With HUD Over Lenders’ Unfair & Discriminatory Policies
WASHINGTON, DC — The National Community Reinvestment Coalition (NCRC) today called on federal agencies and banking regulators to investigate the nation’s largest Federal Housing Administration (FHA) approved lenders for possible violations of federal housing rules by refusing to offer loans to qualified Americans to the FHA policy of a minimum credit score of 580 and above with a 3.5% downpayment.
A recent NCRC investigation found that the majority of top FHA lenders failed to offer applications for federal-guaranteed loans to potentially qualified borrowers with credit scores below 620 or 640, even though FHA guarantees loans with credit scores to 580. These lenders have policies that establish “credit overlays” above the FHA policy, with minimum credit score requirements as high as 640. One-third of all Americans have credit scores under 620.
“Critical to our nation’s economic progress is the ability of homeowners to get quality refinancing, and for homebuyers to reclaim vacant houses by accessing quality mortgage credit, ” said John Taylor, president & CEO of the National Community Reinvestment Coalition.
“The decision by some banks to not follow the FHA’s policy is cutting qualified borrowers off from accessing credit, and in doing so, causing harm to their ability to prosper, build wealth and for our economy to grow. And this decision is arbitrary, because the loans are 100% guaranteed, whether the borrower’s credit score is 580 or 780. That means the loans with lower credit scores don’t pose additional risk to the company, so there’s no legitimate business defense for this across-the-board practice. A lender is only at risk if they fraudulently or improperly originated the loan, against FHA’s underwriting criteria. As is the case across the secondary market, in that situation, the lender can be forced to buy back the bad loan,” said Taylor.
NCRC Calls For Federal Investigation Into Lenders’ Read More »
An investigation by the National Community Reinvestment Coalition (NCRC) discovered that a majority of the top 50 FHA lenders have instituted policies that limit access to credit to working families in low- and moderate-income communities, and in communities of color, the very same communities that have been most harmed by the greed and malfeasance of
NCRC Files “Landmark” Fair Housing Complaints Read More »
