Press Releases

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NCRC DC Women’s Business Center to Host Women-Owned Business Holiday Bazaar

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Washington – The National Community Reinvestment Coalition’s Washington, DC Women’s Business Center (DC WBC) will hold its Second Annual “Shop, Sip and Celebrate” Holiday Bazaar this year on Small Business Saturday, November 28, 2015. The DC WBC Holiday Bazaar is a pop-up marketplace to showcase local women-owned small businesses, many of which are DC WBC […]

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NCRC Report Shows Stark Racial Lending Disparities in Baltimore

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Washington – Today, the National Community Reinvestment Coalition (NCRC) released an analysis of home purchase and small business lending in Baltimore, Maryland, and the surrounding areas. The analysis reveals deep racial disparities in mortgage lending. NCRC President and CEO John Taylor made the following statement: “While many Americans take the ability to obtain a mortgage for

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NCRC Releases Paper Calling For Protection of Duties to Serve, Recapitalization and Reform of Fannie and Freddie

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Washington – Today, the National Community Reinvestment Coalition (NCRC) released a white paper making a case for the recapitalization of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac and continuing the reforms of the GSEs started with the passage of the Housing and Economic Recovery Act of 2008 (HERA). The white paper, “Protecting Duties to Serve and Responsible Next Steps for

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NCRC, NAACP, LULAC Call on Obama Administration to Recapitalize, Continue Reforms of Fannie and Freddie

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Washington, DC – Today, several national groups sent a letter to President Obama urging the Administration to rethink its position on the recapitalization of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac and calling for their continued reform. The letter is in response to comments last week from Jacob Lew, Secretary of the U.S. Department

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NCRC Applauds Final Home Mortgage Disclosure Act Data Rule

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Washington, DC – Today, in reaction to the Consumer Financial Protection Bureau’s release of a final rule regarding modifications to Regulation C, which will implement changes to the Home Mortgage Disclosure Act (HMDA), NCRC President and CEO John Taylor made the following statement: “This expansion of Home Mortgage Disclosure Act data is a very positive

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NCRC Celebrates Anniversary of the Signing of the Community Reinvestment Act

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Washington, DC – Today, on the anniversary of the date the Community Reinvestment Act (CRA) was signed into law by President Jimmy Carter in 1977, National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement: “The signing of the Community Reinvestment Act into law was a critically important moment for economic

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Community Organizations to Hold Reinvestment Summit in Baltimore

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Baltimore, MD – On Monday, September 28 the National Community Reinvestment Coalition (NCRC) will host a statewide summit in Baltimore on community reinvestment and neighborhood revitalization in Maryland. The Maryland Reinvestment Summit will feature keynote addresses by U.S. Congressman Elijah Cummings and Benjamin Jealous, Partner at Kapor Capital. The Summit will include seminars and workshops

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NCRC Statement on the Release of 2014 Home Mortgage Disclosure Act Data

By / / Press Releases / 4 minutes of reading

Washington, DC – Today, in reaction to the release of 2014 Home Mortgage Disclosure Act (HMDA) data, NCRC President and CEO John Taylor made the following statement:“The Home Mortgage Disclosure Act data release for 2014 illustrates a disturbing and highly problematic trend with hard numbers: opportunities for homeownership are still very limited. Particularly in low-

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NCRC Statement on Updates to Common Securitization Platform

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Washington, DC – Today, in reaction to updates to the Common Securitization Platform released by the Federal Housing Finance Agency (FHFA), NCRC President and CEO John Taylor made the following statement: “The potential that the Common Securitization Platform (CSP) will be opened up in the future to entities other than government-sponsored enterprises — Fannie Mae

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NCRC Reacts to HUD’s New Proposed Revisions to Lender Certification for FHA-Insured Mortgages

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Washington, DC – Today, in reaction to the U.S. Department of Housing and Urban Development’s (HUD) new proposed revisions to the loan-level certifications made by lenders on mortgages insured by the Federal Housing Administration (FHA), the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement: “The proposed revisions are a

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NCRC Applauds Letter From 84 Members of Congress Pressing CFPB on Small Business Lending Data

By / / Press Releases / 4 minutes of reading

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) applauded a letter sent by 84 Members of the U.S. House of Representatives, led by Representatives Donald Payne, Jr. (D-NJ) and Chris Van Hollen (D-MD), to the Consumer Financial Protection Bureau (CFPB) urging the agency to initiate rulemaking on the collection and release of small

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NCRC Reacts to Final Affordable Housing Goals Issued by Federal Housing Finance Agency

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, in response to the Federal Housing Finance Agency’s (FHFA) release of its final affordable housing goal rule for Fannie Mae and Freddie Mac for 2015-2017, National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement: “The affordable housing goal rule announced by FHFA today falls short of

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NCRC Statement on Court Ruling to Overturn New York City’s Responsible Banking Act

By / / Press Releases / 3 minutes of reading

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) reacted in disappointment to the ruling by U.S. District Judge Katherine Polk Failla overturning New York City’s Responsible Banking Act in The New York Bankers Association v. The City of New York. The Responsible Banking Act is one of several responsible banking ordinances that U.S.

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NCRC Statement in Opposition to Shelby Provisions in Appropriations Bill

By / / Press Releases / 3 minutes of reading

Washington, DC — Today, in reaction to the incorporation of Senator Richard Shelby’s financial deregulation bill and language submitting the CFPB to annual appropriations into appropriations legislation, NCRC President and CEO John Taylor made the following statement: “It is deeply disturbing that on the week of the fifth anniversary of the Dodd-Frank Act, some members

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