Search Results for: jason richardson

Comment Letter on Notice of Proposed Rulemaking Concerning Which Lenders Report Data

By / / Testimony & Regulatory Comments / 37 minutes of reading

October 15, 2019 Docket No. CFPB-2019-0021 or RIN 3170-AA76 Notice of Proposed Rulemaking, HMDA Reporting Thresholds To Whom it May Concern: The undersigned organizations (214 national and local organizations) oppose the proposal of the Consumer Financial Protection Bureau (CFPB) to exempt thousands of lending institutions from reporting the Home Mortgage Disclosure Act (HMDA) data. As […]

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The $90 Billion Bill We Pay Each Year for Non-Bank Mortgage Lenders

By / / Research / 5 minutes of reading

A $90 billion premium comes out of the equity that we all pay. Higher fees make it harder for renters to become homeowners. They erode the price a seller can expect to receive for their home. This is a bill that falls disproportionately on LMI and minority families, one the reinforces the growing racial and income wealth gaps.

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Home Page FINAL 2019

By / / 2 minutes of reading

It’s Time For A #Just Economy We work with community leaders, policymakers and financial institutions to champion fairness and end discrimination in lending, housing and business. Become a member Latest Next Press Releases Community groups call on regulators to issue uniform CRA regulations NCRC September 9, 2019 Research 2018 HMDA overview: Banks fell further behind,

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2018 HMDA overview: Banks fell further behind, non-banks dominated home lending

By / / Research / 7 minutes of reading

While overall banks fell short of non-banks in lending to minority applicants or in LMI neighborhoods, the banks in the top 25 performed about as well as the top non-bank lenders. But even among the top banks, lending to LMI borrowers fell far behind the top non-banks.

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Home Page FINAL 2019_another blog test

By / / 4 minutes of reading

It’s Time For A <h2>Just Economy</h2> We work with community leaders, policymakers and financial institutions to champion fairness and end discrimination in lending, housing and business.</p> <a href=”#” role=”button”> Become a member </a> <h2>Latest</h2> <a href=”http://ncrc.org/category/policy/”>Policy</a> <h3> <a href=”http://ncrc.org/community-groups-call-on-trump-administration-to-make-homeownership-more-accessible-and-affordable-for-lmi-and-minority-families-not-less/” target=”_self” rel=”noopener noreferrer”> Community groups call on Trump administration to make homeownership more accessible and affordable

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‘There you go again’ – CATO Institute joins chorus of falsehoods levied at the Community Reinvestment Act

By / / Views / 26 minutes of reading

In the Age of Fintech and Bank Competition,CATO Policy Analyst Diego Zuluaga maintained that the Community Reinvestment Act (CRA) should be repealed and replaced with a system of tradable credits. He started off his argument by asserting that the rationale for CRA is outdated since branching restrictions and other regulations that constrained competition have been

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