NCRC, Local Groups and City of Toledo Sue CFPB to Overturn Rule That Undermines Detection of Discrimination in Mortgage Lending
By Raising Reporting Thresholds, CFPB Rule Blocks Access to Data That is Critical to Uncovering Housing Discrimination
HMDA
Preliminary Analysis of 2019 HMDA Mortgage Lending Data
The Consumer Financial Protection Bureau (CFPB) released the 2019 Home Mortgage Disclosure Act (HMDA) data on June 24, 2020, detailing mortgage lending information from nearly all lenders in the United States. HMDA offers details on 9.3 million originations resulting from over 17.5 million applications.
Preliminary Analysis of 2019 HMDA Mortgage Lending Data Read More »
New HMDA Data Reveals Racial Disparities in Older Adult Lending
NCRC’s new report, Mortgages and Older Adults After COVID-19, used this new information to highlight trends in homebuying, aging in place and use of home equity.
New HMDA Data Reveals Racial Disparities in Older Adult Lending Read More »
The $90 Billion Bill We Pay Each Year for Non-Bank Mortgage Lenders
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 »
NCRC’s HMDA 2018 methodology: How to calculate loan price
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 »
NCRC’s HMDA 2018 methodology: How to calculate race and ethnicity
The result of the 2010 Dodd Frank Act, the 2015 CFPB rule and the 2018 Congressional update was the expansion of ethnicity fields in HMDA datat from one possible choice to five for both the applicant and co-applicant.
NCRC’s HMDA 2018 methodology: How to calculate race and ethnicity Read More »
2018 HMDA overview: Banks fell further behind, non-banks dominated home lending
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 »
Member spotlight: Q&A with ANHD’s Jaime Weisberg
Jaime Weisberg is the senior campaign analyst at the Association for Neighborhood & Housing Development (ANHD), a member organization of the National Community Reinvestment Coalition (NCRC).
Member spotlight: Q&A with ANHD’s Jaime Weisberg Read More »
NCRC applauds Democrats in Senate and House for letters to CFPB
Today, 19 Democratic Senators sent a letter to the Consumer Financial Protection Bureau (CFPB) expressing their disapproval of the agency’s proposed rule to reduce Home Mortgage Disclosure Act (HMDA) reporting. This comes on the heels of a similar letter sent on June 11 by 63 House Democrats. Jesse Van Tol, CEO of the National Community
NCRC applauds Democrats in Senate and House for letters to CFPB Read More »
NCRC condemns CFPB plan to help lenders hide data
These changes will make it harder for the American public to see what’s going on.
NCRC condemns CFPB plan to help lenders hide data Read More »
Robust data on home lending essential to fair and equitable treatment of borrowers
In order for the Consumer Financial Protection Bureau (CFPB) to protect millions of consumers from unsound lending, the agency must implement the public disclosure of the enhanced Home Mortgage Disclosure Act (HMDA) data in a rigorous manner that provides comprehensive and public information about loan terms and conditions. NCRC has a mantra about the importance
Robust data on home lending essential to fair and equitable treatment of borrowers Read More »
The U.S. House votes to hide evidence of discrimination and risk in banking
The bill rolls back parts of the Dodd-Frank banking rules and valuable fair lending protections enacted after the 2008 financial crisis
The U.S. House votes to hide evidence of discrimination and risk in banking Read More »
2017 HMDA Overview: Non-banks dominated home lending
Quicken Loans overtakes Wells Fargo as the largest loan originator.
2017 HMDA Overview: Non-banks dominated home lending Read More »
Letter to the House of Representatives: Section 104 of S. 2155 undermines fair lending oversight & investment in underserved communities
The undersigned civil rights, fair housing, consumer, and community organizations write to highlight our strong concerns with Section 104 of S. 2155, “the Home Mortgage Disclosure Act Adjustment and Study”. The tiered reporting proposed in Section 104 for banks and credit unions would undermine efforts to ensure that the nation’s mortgage lenders are serving all segments of the market fairly. The provisions would exempt 85% of depositories from the updated reporting required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank).
Letter to the Senate: Section 104 of S. 2155 undermines fair lending oversight & investment in underserved communities
The undersigned civil rights, fair housing, consumer, and community organizations write to highlight our strong concerns with Section 104 of S. 2155, “the Home Mortgage Disclosure Act Adjustment and Study”. The tiered reporting proposed in Section 104 for banks and credit unions would undermine efforts to ensure that the nation’s mortgage lenders are serving all segments of the market fairly. The provisions would exempt 85% of depositories from the updated reporting required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank).