Housing policy didn’t cause the 2007 crash
The affordable-housing mandates at Fannie Mae and Freddie Mac were not the primary cause of the 2007-09 recession.
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Views
Analysis and points of view on research, trends, issues, ideas and opportunities.
Integration as a means of combating inequality
Inequality is increasing social tensions and slowing economic growth. According to Josh Silver, there is a way to fight it.
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Honoring MLK: The unfinished business of our movement
This year we celebrate half a century of progress toward Dr. King’s work for racial and economic justice. But we do so in a country that remains divided, the nation of Charlottesville and #MeToo.
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My response to the racist-in-chief’s contemptible language toward my African and Haitian brothers and sisters
We must stand boldly against hate, and we must speak truth to power.
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.
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Does mortgage data reveal gentrification in California?
A new report, produced in collaboration with NCRC, examined mortgages in low- and moderate-income neighborhoods in California. Many went to wealthy borrowers.
Does mortgage data reveal gentrification in California? Read More »
Would Trump’s CRA Reform Really “Do No Harm?”
Young doctors entering the medical field take the Hippocratic Oath requiring them to deliver quality and ethical care. This cardinal rule of medicine should be applied as the Trump administration mulls Community Reinvestment Act (CRA) reform. The first rule must be to “do no harm” and enact no “reform” that results in less lending and investing in underserved communities.
Would Trump’s CRA Reform Really “Do No Harm?” Read More »
Study documents discrimination against black entrepreneurs
Overall, black entrepreneurs seeking small business loans faced more scrutiny compared to their equal or less creditworthy white counterparts.
Study documents discrimination against black entrepreneurs Read More »
40 years later, CRA remains a powerful tool to ensure banks do business with America’s working class
It is hard to imagine how U.S. banks would treat working class communities without the guarantees of the Community Reinvestment Act. But it’s also time to consider an overhaul.