Opportunity Zones LMI Map Instructions for use:To verify if an address is LMI turn off the gentrification layer by clicking on it in the legend at the top of the map. Verify the address is accurate, and that the map geolocates the address in the correct position. Non-standard addresses, rural addresses, or the nearby border […]
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(Download) Introduction The Community Reinvestment Act (CRA) is an income-based law. Accordingly, the regulations and exams focus on evaluating bank lending, investing and services to low- and moderate-income (LMI) borrowers and tracts. However, one of the major motivations prompting the passage of CRA in 1977 was reversing redlining and disinvestment from minority as well as
Adding Underserved Census Tracts as Criterion on CRA exams Read More »
Branch Closures online pharmacy buy inderal no prescription pharmacy Instructions for use:Branch changes are reported each week by the Federal Deposit Insurance Corporation (FDIC). This report identifies the closing and opening of customer-facing, brick and mortar or retail branch locations in the U.S. only. This interactive report allows the user to explore branch changes from
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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
Comment Letter on Advanced Notice of Proposed Rulemaking on HMDA Data Points Read More »
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
Comment Letter on Notice of Proposed Rulemaking Concerning Which Lenders Report Data Read More »
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.
The $90 Billion Bill We Pay Each Year for Non-Bank Mortgage Lenders Read More »
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.
NCRC’s HMDA 2018 methodology: How to calculate loan price Read More »
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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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.
2018 HMDA overview: Banks fell further behind, non-banks dominated home lending Read More »
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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