NCRC and Community Groups Send Letter Urging FHFA and Treasury to Shore Up GSE Capital Buffer

Washington, DC – Today, community groups led by the National Community Reinvestment Coalition (NCRC) sent a letter to Mel Watt, Director of the Federal Housing Finance Agency (FHFA) and Secretary of the U.S. Department of the Treasury Steven Mnuchin expressing concerns about the declining capital buffer at the government-sponsored enterprises Fannie Mae and Freddie Mac. […]

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Northwest Bank, Buffalo Niagara Community Reinvestment Coalition, and National Community Reinvestment Coalition Announce $101.97 Million Community Development Plan

Buffalo, NY – Today, in an agreement reached with the Buffalo Niagara Community Reinvestment Coalition (BNCRC), a National Community Reinvestment Coalition (NCRC) community-based coalition in the Buffalo, NY metropolitan area, Northwest Bank announced a commitment of $101.97 million for community development, including lending and investments. The agreement will take place over a five-year period, and […]

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NCRC Statement on Updates to Common Securitization Platform

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 […]

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NCRC Reacts to HUD’s New Proposed Revisions to Lender Certification for FHA-Insured Mortgages

Washington, DC – Today, in reaction to the U.S. Department of Housing and Urban Development’s (HUD) new proposed revisions to the loan-level certifications made by lenders on mortgages insured by the Federal Housing Administration (FHA), the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement: “The proposed revisions are a […]

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NCRC Applauds Letter From 84 Members of Congress Pressing CFPB on Small Business Lending Data

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) applauded a letter sent by 84 Members of the U.S. House of Representatives, led by Representatives Donald Payne, Jr. (D-NJ) and Chris Van Hollen (D-MD), to the Consumer Financial Protection Bureau (CFPB) urging the agency to initiate rulemaking on the collection and release of small […]

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NCRC Reacts to Final Affordable Housing Goals Issued by Federal Housing Finance Agency

Washington, DC – Today, in response to the Federal Housing Finance Agency’s (FHFA) release of its final affordable housing goal rule for Fannie Mae and Freddie Mac for 2015-2017, National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement: “The affordable housing goal rule announced by FHFA today falls short of […]

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NCRC Mourns the Passing of Julian Bond

Washington, DC –  Today, in reaction to the passing of civil rights leader Julian Bond, NCRC President and CEO John Taylor made the following statement: “We have lost one of the great leaders of the civil rights movement and a great man. Julian Bond was an ever-present voice of fairness and reason. He will be […]

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NCRC Statement on Court Ruling to Overturn New York City’s Responsible Banking Act

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) reacted in disappointment to the ruling by U.S. District Judge Katherine Polk Failla overturning New York City’s Responsible Banking Act in The New York Bankers Association v. The City of New York. The Responsible Banking Act is one of several responsible banking ordinances that U.S. […]

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NCRC Statement in Opposition to Shelby Provisions in Appropriations Bill

Washington, DC — Today, in reaction to the incorporation of Senator Richard Shelby’s financial deregulation bill and language submitting the CFPB to annual appropriations into appropriations legislation, NCRC President and CEO John Taylor made the following statement: “It is deeply disturbing that on the week of the fifth anniversary of the Dodd-Frank Act, some members […]

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NCRC Statement on the OCC Approval of OneWest-CIT Merger

Washington, DC – Today, in response to the Office of the Comptroller of the Currency’s (OCC) conditional approval of the merger between OneWest Bank and CIT Bank, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement: “It is a positive sign that the regulator held public hearings on this […]

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