Letter to U.S. Senate on Government Sponsored Enterprises Reform Provisions(Download PDF)
Letter to U.S. Senate on Government Sponsored Enterprises Reform Provisions Read More »
Washington, DC – Today, in reaction to updates to the Common Securitization Platform released by the Federal Housing Finance Agency (FHFA), NCRC President and CEO John Taylor made the following statement: “The potential that the Common Securitization Platform (CSP) will be opened up in the future to entities other than government-sponsored enterprises — Fannie Mae
NCRC Statement on Updates to Common Securitization Platform Read More »
Washington, DC – Today, in response to Federal Housing Finance Agency (FHFA) Director Mel Watt’s announcement that FHFA has revised and clarified the Representation and Warranty framework, and will be developing new guidelines for mortgages with loan-to-value ratios between 95 and 97 percent, NCRC President and CEO John Taylor made the following statement: “We applaud
NCRC Statement on FHFA Effort to Expand Credit Access Read More »
Washington, DC – Today, in reaction to the release of a draft housing finance reform bill by Senate Committee on Banking, Housing, and Urban Affairs Chairman Tim Johnson and Ranking Member Mike Crapo, NCRC President and CEO John Taylor made the following statement: “While we are encouraged that the Johnson-Crapo draft incorporates elements of a
NCRC Statement on the Release of the Johnson-Crapo Housing Finance Reform Bill Read More »
Washington, DC – Today, in reaction to the Senate’s confirmation of Sarah Bloom Raskin as Deputy Secretary of the U.S. Department of the Treasury, the National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement: “We applaud the confirmation of Sarah Bloom Raskin as Deputy Secretary of the Treasury Department. During
NCRC Applauds Senate Confirmation of Sarah Bloom Raskin as Deputy Treasury Secretary Read More »
Washington, DC – Today, in reaction to an agreement on housing finance reform released by Senate Banking Committee Chairman Tim Johnson and Ranking Member Mike Crapo, NCRC President and CEO John Taylor made the following statement: “We are encouraged that the principles for housing finance reform agreed upon by Senate Banking Committee Chairman Tim Johnson
NCRC Statement on Johnson and Crapo Agreement on Housing Finance Reform Read More »
Washington, DC—As the fate of Fannie Mae and Freddie Mac continues to sit in limbo, it remains unclear what the future holds for our system of housing finance. Despite the fact that Fannie Mae and Freddie Mac have played a valuable role in helping to grow the middle class in America, the reform debate has
NCRC to Host GSE and Housing Finance Reform Forum Read More »
Please join us for an important conversation about the future of the government-sponsored enterprises and housing finance reform on Friday, January 31 at 8:30 a.m. “Locked Out: What Losing Fannie, Freddie, and the Affordable Housing Goals Will Mean for the American Dream” will tackle two critical questions in the reform debate: Can we afford
Washington, DC – Today, in reaction to President Obama’s speech on housing in Arizona, NCRC President and CEO John Taylor made the following statement: “We applaud the President for stressing the importance of access to homeownership, affordable rental housing, and responsible lending. But we are very concerned that the President didn’t address what is missing from
NCRC Statement on President Obama’s Arizona Housing Address Read More »
Washington, DC – Today, the National Community Reinvestment Coalition applauded the nomination of Representative Mel Watt to lead the Federal Housing Finance Agency (FHFA). NCRC President and CEO John Taylor made the following statement: “Mel Watt is an excellent choice to lead the FHFA. He is well qualified and sure to be a strong leader
NCRC Applauds Nomination of Mel Watt to Head FHFA Read More »
Washington, DC– Today, NCRC President and CEO John Taylor made the following statement on FHA’s 2012 Annual Financial Status report: “After 78 years of the Federal Housing Administration (FHA) doing things right and performing well from a fiscal perspective, the recent news about its financial health must be seen in perspective. Without FHA, and
NCRC Statement on FHA’s 2012 Annual Financial Status Report Read More »
Washington, DC–On Friday, September 24th, NCRC will testify before Federal Reserve Board on making critical improvements to HMDA data, so that lenders can be held accountable for the types of loans they are issuing to communities.
“We are in an era of some of the most complicated mortgage products to-date and given the strain that bad mortgage loans have put on our economy, lenders should be examined with a microscope now more than ever. In the era of reckless and corrupt lending, it is crucial that HMDA actually does what it was enacted to do, which is identify discriminatory lending patterns and determine if financial institutions are meeting local housing needs,” said John Taylor, president and CEO of NCRC, in reaction to the Federal Reserve’s 2009 HMDA data report.
The recently enacted Dodd-Frank bill mandates significant improvements to HMDA data. NCRC calls upon the Federal Reserve Board and the new Consumer Financial Protection Bureau to expeditiously implement these improvements. In today’s release, the Federal Reserve Board states that the current HMDA data lacks information on credit scores, property values, and other factors necessary to fully account for disparities in racial access to affordable loans.
Improving HMDA Data can be the Answer to Averting another Foreclosure Epidemic Read More »
This week, NCRC filed comments to the US Department of Treasury and US Department of Housing and Urban Development regarding the future of the Government Sponsored Enterprises (GSEs), the regulation of the housing finance system, and the role of government in the finance system. Click here to download the Comments as a PDF
NCRC Files Comments to Treasury Regarding Reform of GSEs Read More »
