Policy Archives

March 8, 2018March 13, 2018 by NCRC

Letter to the Senate: Section 104 of S. 2155 undermines fair lending oversight & investment in underserved communities

The undersigned civil rights, fair housing, consumer, and community organizations write to highlight our strong concerns with Section 104 of S. 2155, “the Home Mortgage Disclosure Act Adjustment and Study”. The tiered reporting proposed in Section 104 for banks and credit unions would undermine efforts to ensure that the nation’s mortgage lenders are serving all segments of the market fairly. The provisions would exempt 85% of depositories from the updated reporting required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank).

in Policy / Testimony & Regulatory Comments

January 8, 2018January 8, 2018 by NCRC

HUD suspends AFFH, a key civil rights rule intended to fight housing discrimination

The U.S. Department of Housing and Urban Development (HUD) announced this week it is suspending the Affirmatively Furthering Fair Housing (AFFH) rule until 2020. The AFFH rule was passed in 2015 to provide jurisdictions with a long overdue roadmap and measurement tools to comply with the landmark Fair Housing Act (FHA).

in Policy / Press Releases

December 15, 2017December 18, 2017 by John Taylor

Preserving the GSEs is key to preserving affordability

Nearly nine years after the U.S. government seized both of them at the height of the Great Recession, Fannie and Freddie remain under the control of the federal government. The good news is they’re profitable again. The bad news is they no longer play a significant role helping the working class obtain affordable home loans.

in Policy / Views

May 19, 2009October 23, 2017 by NCRC

Past Policy Campaigns

Road To Economic Recovery Divided We Fail Camapaign

in Policy

April 3, 2009October 23, 2017 by NCRC

Past Policy Campaigns

Past Policy Campaigns consist of: National Day of Action The Road to Economic Recovery Divided We Fail

in Policy

January 16, 2008October 23, 2017 by NCRC

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 […]

in Policy

January 16, 2008October 23, 2017 by NCRC

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. […]

in Policy

January 16, 2008October 23, 2017 by NCRC

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 […]

in Policy

January 16, 2008October 23, 2017 by NCRC

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. […]

in Policy