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 »
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 »
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 »
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 »
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 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 »
Quicken Loans overtakes Wells Fargo as the largest loan originator.
2017 HMDA Overview: Non-banks dominated home lending Read More »
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).
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).
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).
A new report, produced in collaboration with NCRC, examined mortgages in low- and moderate-income neighborhoods in California. Many went to wealthy borrowers.
Does mortgage data reveal gentrification in California? Read More »
Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) and other consumer advocacy organizations submitted a joint comment letter to the Consumer Financial Protection Bureau (CFPB) regarding the proposed modifications to Regulation C, which will implement changes to the Home Mortgage Disclosure Act (HMDA). The letter applauds the expanded collection of data elements and
Washington, DC – Today, in reaction to the release of 2013 Home Mortgage Disclosure Act (HMDA) data, NCRC President and CEO John Taylor made the following statement: “The Home Mortgage Disclosure Act data for 2013 makes it clear that there is a closing window of opportunity for low- and moderate-income communities and communities of color.
NCRC Statement on the Release of 2013 Home Mortgage Disclosure Act Data Read More »
Washington, DC – Today, in reaction to the release of 2012 Home Mortgage Disclosure Act (HMDA) data, NCRC President and CEO John Taylor made the following statement: “Today, the federal government released Home Mortgage Disclosure Act data for 2012. The data shows a recovering housing market but also illustrates the prevalence of persistent racial disparities
NCRC Statement on the Release of 2012 Home Mortgage Disclosure Act Data Read More »
Washington, DC — Today, the National Community Reinvestment Coalition (NCRC) said that new data released by the Federal Financial Institutions Examination Council showed continued constriction of credit, particularly for low- and moderate income communities and communities of color, and significant disparities in lending by race. The volume of home lending was 7.1 million loans
New Data Shows Continued Constricted Credit, Racial Disparities in Lending Read More »
