NCRC

Town Hall Updates

At events in more than 30 cities across the country, community organizations are coming together with NCRC and USAction to call on local leaders and Congress to enact solutions to the economic crisis. These solutions focus on foreclosure prevention efforts and on stabilizing neighborhoods that have been disproportionately affected by the foreclosure collapse. › Click […]

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CRA Myth and Fact

Myth: The Community Reinvestment Act (CRA) caused the foreclosure crisis. Facts: The majority of subprime loans were originated by non-CRA covered financial institutions. In fact, only about 25 percent of sub-prime loans were made by institutions covered by CRA.¹ CRA was passed in 1977.  The explosive growth in subprime lending occurred more than two decades

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