2017 HMDA Overview: Non-banks dominated home lending
Quicken Loans overtakes Wells Fargo as the largest loan originator.
2017 HMDA Overview: Non-banks dominated home lending Read More »
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Analysis and points of view on research, trends, issues, ideas and opportunities.
Fifty years after the death of Reverend Dr. Martin Luther King Jr.
Today, and every day, we honor Martin Luther King Jr.’s courage and vision by standing unafraid and fully committed to a more racially and economically just America.
Fifty years after the death of Reverend Dr. Martin Luther King Jr. Read More »
How 1930s discrimination shaped inequality in today’s cities
The study shows how policies and practices that influence access to capital and credit can have a lasting impact on housing patterns, the economic health of neighborhoods and who accumulates wealth.
How 1930s discrimination shaped inequality in today’s cities Read More »
Data Drives the Movement for Economic Justice, and Bank Deposits
In its classically quiet fashion, the Government Accountability Office (GAO) recently released a significant study, asking the Treasury Department to improve data on CRA exams.
Data Drives the Movement for Economic Justice, and Bank Deposits Read More »
Why is there bipartisan support in the Senate to cover up evidence of discrimination in banking?
Congress should be asking how to expand reporting requirements for all lenders, not end them. We need bipartisan support to end discrimination in lending, not to hide the data that exposes it.
The big red herring: the Home Mortgage Disclosure Act (HMDA) will help predators identify you!
HMDA is the key to preventing predatory behavior, not the cause of it, so how can an economics professor from George Washington University claim that HMDA can facilitate large-scale identity theft?
How many cuts does it take to kill the middle class?
The president’s 2019 budget proposal presents a profoundly troubling vision for our nation’s working class.
How many cuts does it take to kill the middle class? Read More »
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.
Housing policy didn’t cause the 2007 crash Read More »
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.
Integration as a means of combating inequality Read More »
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.
Honoring MLK: The unfinished business of our movement Read More »
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.
Preserving the GSEs is key to preserving affordability Read More »
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 »