USA Today, April 23, 2023, Mortgage Fees Are Changing For Homebuyers Next Month. Here’s What You Should Know. Starting May 1, upfront fees for loans backed by Fannie Mae and Freddie Mac will be adjusted because of changes in the Loan Level Price Adjustments (LLPAs), the fees that vary from borrower to borrower based on their credit […]
Brookings, April 19, 2023, Pandemic-Driven Population Declines In Large Urban Areas Are Slowing Or Reversing, Latest Census Data Shows The first phase of the COVID-19 pandemic took its toll on the populations of many of the nation’s largest cities and metropolitan areas. During the peak pandemic year (July 2020 through July 2021), national population growth dropped to a
Commercial Appeal Memphis, May 5, 2023, First Horizon, TD Bank Call Off $13.4 Billion Merger However, even after TD Bank announced a five-year, $50 billion Community Benefits Plan agreement developed in coordination with the National Community Reinvestment Coalition to benefit areas across TD Bank’s expanded presence once the merger is complete, that did not help the deal get over the
Commercial Appeal Memphis: First Horizon, TD Bank Call Off $13.4 Billion Merger Read More »
The American Prospect, May 1, 2023, Fintech’s Latest Scheme These days, that’s hard to come by. According to a February 2022 report from the National Community Reinvestment Coalition, banks have rapidly closed since the Great Recession, a trend which accelerated throughout the pandemic. In numerical terms, from 1984 to 2021, the number of banking institutions dropped from
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Thomas Reuters Westlaw Today, April 24, 2023, Consumer Finance Roundup For April 2023 At the National Community Reinvestment Coalition (NCRC) conference on March 30, 2023, Acting Comptroller Michael Hsu delivered remarks on elevating fairness in banking. Hsu explained that fairness is a core part of the mission and activities of the Office of the Comptroller of the Currency (OCC),
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Teen Vogue, April 21, 2023, Redlining And Hotter Neighborhoods: How Racist Housing Policies Created Urban Heat Islands The system worked like this: green and blue neighborhoods were deemed “best” or “still desirable,” and primarily white residents of these areas received the most loans. Only 15% of residents from yellow, or “definitely declining” areas received loans. And red,
This is part of a series of profiles showcasing the talented entrepreneurs of NCRC’s DC Women’s Business Center. Kids and Culture, LLC is a women-owned business started in 2010 by Jania Otey that provides cultural education, programs, classes, camps and cookbooks for kids. What inspired you to start your business? In 2010, Kids & Culture
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Home lending to non-wealthy borrowers plummeted, while those who missed out on pandemic-era refinancing scrambled to find other ways to capitalize their homes.
How can community development organizations collaborate with health care providers to promote equity?
Partnering For Health Equity At The 2023 Just Economy Conference Read More »
Black unemployment has reached an all time recorded low. Sustained low Black unemployment could have significant positive economic impact for the African American community.
“KeyBank knew they violated their promises to marginalized communities, but chose to…prioritize damage control over doing the right thing.” — Jesse Van Tol
“When a bank breaks promises, the law says there are consequences – and it’s our government’s job to enforce that accountability,” NCRC’s Jesse Van Tol said.
Groups Urge CRA Downgrade For Keybank Over Broken Merger Promises, Apparent Redlining Read More »
Community groups are asking Community Reinvestment Act regulators to accurately assess KeyBank’s poor performance and broken promises.
This is part of a series of profiles showcasing the talented entrepreneurs of NCRC’s DC Women’s Business Center. Hortiki Plants is a women-owned business started by Dr. Victoria LeBeaux in 2017 that provides eco-friendly garden kits. What kind of product or service do you sell? Hortiki Plants provides eco-friendly garden kits that make sustainable gardening simple and fun. Hortiki’s
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HUD’s new Affirmatively Furthering Fair Housing (AFFH) rules will bring long-awaited clarity for markets and much-needed traction for neglected communities.
