The Broken Credit System: Discrimination and Unequal Access to Affordable Loans by Race and Age
 The Broken Credit System: Discrimination and Unequal Access to Affordable Loans by Race and Age
Homeownership and Wealth Building Impeded (04/2006)
 Homeownership and Wealth Building Impeded
The 2004 Fair Lending Disparities: Stubborn and Persistent (04/2005)
 The 2004 Fair Lending Disparities: Stubborn and Persistent
The 2005 Fair Lending Disparities: Stubborn and Persistent II (05/2006)
 The 2005 Fair Lending Disparities: Stubborn and Persistent II
Inequalities in Small Business Lending by Income and Race of Neighborhood (10/2004)
 Inequalities in Small Business Lending by Income and Race of Neighborhood
NCRC COO Jim Carr Speaks at the Federal Reserve Bank of Atlanta
In a recent speech at the Federal Reserve Bank of Atlanta, Jim Carr, NCRC’s Chief Operating Officer, offered some thoughts on the future of the housing market. Jim prefaced his housing policy recommendations with a discussion of the current foreclosure crisis that he argues will impact housing and community development for years to come–particularly as
The CRA and Fair Lending Performance of Major Banks in New Orleans (06/2008)
 The CRA and Fair Lending Performance of Major Banks in New Orleans
NCRC Files Comments to Treasury Regarding Reform of GSEs
This week, NCRC filed comments to the US Department of Treasury and US Department of Housing and Urban Development regarding the future of the Government Sponsored Enterprises (GSEs), the regulation of the housing finance system, and the role of government in the finance system. Click here to download the Comments as a PDF
NCRC Files Comments to SEC Seeking Greater Rating Agency Accountability
This week, NCRC filed comments to the SEC regarding proposed rules that will address how rating agencies are regulated. These comments follow NCRC’s letter to the SEC in April asking for an investigation of the practices of the nation’s largest rating agency companies. Click here to read NCRC’s filed comments, as well as its April
NCRC Testifies and Makes Recommendations on Fair Housing
NCRC Chief Operating Officer James Carr gave testimony today before the US House of Representatives Committee on the Judiciary, Subcommittee on the Constitution, Civil Rights and Civil Liberties, calling for the establishment of a new cabinet level agency focused on civil rights enforcement, the creation of an interagency National Fair Housing Plan and an expansion
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NCRC Regulatory Comments: FHA, Re: Provide Relief to Borrowers Now
NCRC Regulatory Comments: FHA, Re: Provide Relief to Borrowers Now
CRA and Fair Lending Performance of Financial Institutions in Philadelphia (05/2006)
 CRA and Fair Lending Performance of Financial Institutions in PhiladelphiaÂ
NCRC Testimony: 30 Years of CRA: Accomplishments and Challenges
Feb 13, 2008, NCRC President and CEO Testimony Before House Financial Services Committee: The Community Reinvestment Act: Thirty Years of Accomplishments, but Challenges Remain. Download testimony.
NCRC President & CEO Testifies Before House Financial Services Committee on Foreclosure Crisis & CRA
FOR IMMEDIATE RELEASE Contact: Jesse Van Tol (202) 464-2709 February 13, 2008 jvantol@ncrc.org NCRC PRESIDENT & CEO TESTIFIES BEFORE HOUSE FINANCIAL SERVICES COMMITTEE Taylor Says Improved Coverage and Enforcement of the Community Reinvestment Act Could Have Protected Homeowners from Forelosure Crisis John
NCRC Testmony: House Subcommittee on Commercial & Admin. Law: Plan to Respond to Foreclosure Crisis
NCRC COO James Carr Testifies Before House Subcommittee on Commercial and Administrative Law with Bold New Plan in Response to Foreclosure Crisis. Download Testimony1.63 Mb
Pro Bono Data Analysis
NCRC provides a variety of data analysis services to its members.  Valued in the thousands of dollars, these analyses describe overall home and small business lending trends on the state, local and neighborhood levels. NCRC members also receive analyses of the lending performance of specific lenders.
Studies for Public Sector Agencies
NCRC has conducted several in-depth studies for public sector clients.  For the City of Philadelphia, PA, NCRC assessed the extent to which banks receiving City deposits were making home and small business loans in minority and working-class communities. NCRC’s two studies for Philadelphia documented progress (an increase in home lending by the banks), identified stakeholders
National Studies of Lending Trends
With new information in HMDA data concerning high-cost loans, NCRC has created a series of studies documenting that minorities, women and the elderly receive a disproportionate amount of high-cost or subprime loans. When a group of borrowers receives a disproportionate amount of such loans, excessive fees, interest rates and other unfair practices become more likely,
Government Sponsored Enterprises Reform
Fannie Mae and Freddie Mac are known as Government-Sponsored Enterprises (GSEs) because of considerable benefits, such as tax exemptions, that they receive from the Federal government. The GSEs serve a critical function as they buy loans from banks, enabling banks to make more loans. With GSE reform as a major priority for Congress, NCRC will
HMDA Data Enhancements
Enacted by Congress in 1975, the Home Mortgage Disclosure Act (HMDA) requires banks, savings and loan associations and other financial institutions to publicly report detailed data on their home lending activity. Over the years, community organizations and concerned citizens have used HMDA data as a tool to determine which banks are lending in their community.
Small Business Data
Data disclosures must be enhanced for small business lending so that the public can thoroughly assess financial institutions’ lending practices to women, minorities, and working-class Americans. With enhanced data disclosure, regulatory agencies can more effectively enforce fair lending laws and banks are generally more motivated to serve overlooked small businesses. NCRC applauds Congress for passing
Anti-Predatory Lending and Sustainable Homeownership
Since the last review of the Home Ownership and Equity Protection Act (HOEPA) by the Federal Reserve Board, the home mortgage market has changed considerably. Subprime lending has become a dominant force, unregulated mortgage brokers now originate a large part of the mortgages, and exotic mortgages with exploding interest rates have become a common occurrence.
NCRC Applauds Federal Reserve Plan to Hold Hearings on Bank of America / Countrywide Merger
Read the Full Press Release.