In a June 2018 article, the Reputation Institute indicated that the most effective way of counteracting negative sentiments among bank customers is by demonstrating ethical behavior and good citizenship. In this regard, Otting isn’t doing his “customers” any favors.
“Years of underbuilding has created a large deficit, particularly for states with strong economies that have attracted a lot of people from other states,” Freddie Mac said. “Some of the smaller states, which have been attracting a lot of immigrants from other states, also need to build more housing units to accommodate the needs of their growing population.”
Housing Wire: US housing market is missing 3.3 million homes, Freddie Mac says Read More »
Millions of people around the country who are already homeowners could probably save money on their monthly payment by refinancing. But it can be a little tricky to figure out if that’s worth doing.
NPR: Mortgage Rates Are Near All-Time Lows As Coronavirus Worries Hit Markets Read More »
FHFA chief Mark Calabria’s decisions could rock a $5 trillion mortgage market and make a lot of money for hedge funds.
Bloomberg: How Do You Solve a Problem Like Fannie and Freddie? Read More »
Like the family in the Oscar-winning film, many in Seoul’s so-called dirt-spoon class dwell in basements far below the rich. “Those living up there must look down on people like me like pigs.”
The New York Times: For Seoul’s Poor, Class Strife in ‘Parasite’ Is Daily Reality Read More »
The future of Tampa Park Apartments has been the subject of speculation for at least two years.
“I don’t want us to go into the future continuing to be known as one of the most segregated cities in the country,” the mayor said.
The National Community Reinvestment Coalition found that weakening CRA would result in a loss of 10-20% in the volume of loans made in low- and moderate-income census tracts. In Minnesota, that would mean up to a $1.9 billion decrease in lending to small businesses and home purchases over five years.
The plan was drafted in cooperation with the National Community Reinvestment Coalition, an association of more than 600 community-based organizations that promotes access to essential banking services, affordable housing, entrepreneurship, job creation and vibrant communities.
Loans that are eligible for Community Reinvestment Act credit totaled billions of dollars in investment across Ohio from 2009-2018, according to the National Community Reinvestment Coalition.
“The agencies would lessen the public accountability of banks to their communities by enacting performance measures on CRA exams that would be complex and opaque while at the same time over-simplifying how to measure bank’s responsiveness to local needs,” the NCRC said.
The maps distinctly show neighborhoods where black populations have left and where white people have moved in.
A few banks are satisfied with the proposal, but “they’re in the very small minority,” said one industry official.
Politico: Bank-friendly regulator troubles lenders with redlining law rewrite Read More »
The U.S. economy of recent decades has eroded, rather than reinforced, the American model of thriving, self-sufficient families. In the decades to come, we will need to do better.
American Affairs: The Cost of Thriving Read More »
How the “intellectual giant” behind the study of the racial wealth gap has shaped the 2020 policy debate
Mother Jones: Is It Race or Class? Darrick Hamilton Showed Bernie the Answer. Read More »
