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Comment Letter on Advanced Notice of Proposed Rulemaking on HMDA Data Points

By NCRC / October 16, 2019 / Testimony & Regulatory Comments / 97 minutes of reading

October 15, 2019 Comment on Advance Notice of Proposed Rulemaking (ANPR) Concerning HMDA Data Points Docket No. CFPB-2019-0020 To Whom It May Concern: The undersigned organizations (55 national and local organizations) oppose any dilution or diminishment of the new and enhanced Home Mortgage Disclosure Act (HMDA) variables added by the 2015 final rule issued by […]

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

By NCRC / October 16, 2019 / 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 Jason Richardson / September 22, 2019 / 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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NCRC’s HMDA 2018 methodology: How to calculate loan price

By Jason Richardson / September 10, 2019 / Research / 5 minutes of reading

High-cost loans are often used as a proxy for subprime or even predatory mortgages. More accurate data on the loan price would go a long way to confirming if these loans are in fact dangerous, or if the higher interest rate reflects other legitimate factors.

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Home Page FINAL 2019

By Stephen Haire / September 4, 2019 / 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 Jason Richardson / August 31, 2019 / 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 Stephen Haire / August 28, 2019 / 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 Josh Silver / August 28, 2019 / 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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Don’t diminish the importance of homeownership in CRA reform

By Josh Silver / August 6, 2019 / Views / 10 minutes of reading

With proposed changes to Community Reinvestment Act rules expected in late summer or early fall, we must remind federal regulatory agencies not to diminish the importance of home mortgage lending in CRA exams.

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What you need to know about income inequality

By Jason Richardson / August 2, 2019 / Views / 3 minutes of reading

While many economic indicators are better than they have been in years, leading to recently published reports asserting that income inequality is not as bad as we have been told, many people are working multiple jobs just to get by.

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