NCRC

NCRC Statement on the Release of the Johnson-Crapo Housing Finance Reform Bill

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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 […]

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NCRC Testifies Before DC City Council in Support of the Community Development Act of 2013

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Washington, D.C. – Today, Josh Silver, Vice President of Research and Policy at the National Community Reinvestment Coalition, testified before the District of Columbia City Council’s Committee on Business, Consumer, and Regulatory Affairs in support of the Community Development Amendment Act of 2013. The Act would require banks bidding on municipal deposits and investments to

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NCRC Statement on HR 3193 Vote

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Washington, D.C. – Today, in reaction to the House of Representatives passage of HR 3193, the National Community Reinvestment Coalition’s President and CEO John Taylor made the following statement: “It is indefensible that some members of Congress are so committed to protecting banks that they would vote to badly damage the Consumer Financial Protection Bureau

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NCRC Reacts to President Obama’s 2014 State of the Union Address

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Washington, DC – Today, in response to President Obama’s State of the Union address, National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement: “We applaud President Obama for focusing on income inequality and the importance of upward mobility in his State of the Union address. We are pleased that this

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NCRC Awarded Grant by Surdna Foundation to Improve Small Business Loan Data

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Washington, DC – The National Community Reinvestment Coalition (NCRC) is pleased to announce it has been awarded a generous grant from the Surdna Foundation to develop an education and advocacy campaign publicizing the best approaches for gathering and sharing enhanced data on small business lending. Enhanced data collection, in particular of data on the race

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NCRC Applauds Senate Confirmation of Janet Yellen as Chair of the Federal Reserve

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Washington, DC – Today, in reaction to the Senate’s confirmation of Janet Yellen as Chair of the Federal Reserve, the National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement: “We applaud the confirmation of Janet Yellen as Chair of the Federal Reserve. Not only has she shown a strong commitment

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Save the Date: On January 31st, NCRC Presents “Locked Out: What Losing Fannie, Freddie, and the Affordable Housing Goals Will Mean for the American Dream”

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You are cordially invited to attend the National Community Reinvestment Coalition’s timely forum on the future of the government sponsored enterprises and housing finance reform called “Locked Out: What Losing Fannie, Freddie, and the Affordable Housing Goals Will Mean for the American Dream.” The event will consist of two panels focused on issues critical to

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NCRC Statement on Release of FHA Annual Actuarial Review

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Washington, DC – Today, in response to the release of the Federal Housing Administration (FHA)’s annual financial status report to Congress, the National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement: “NCRC welcomes the positive news contained in FHA’s actuarial review. The review underscores the strong performance of loans issued after

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NCRC Applauds Senate Confirmation of Mel Watt as Director of the FHFA

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Washington, DC – Today, in reaction to the Senate’s confirmation of Mel Watt as Director of the Federal Housing Finance Agency (FHFA), National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement: “We applaud the confirmation of Mel Watt as Director of the FHFA. He is a well-qualified, pragmatic leader who

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NCRC Statement on the Release of 2012 Home Mortgage Disclosure Act Data

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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

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NCRC Applauds Passage of Local Responsible Banking Ordinance in Boston

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Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) applauded the Boston City Council’s unanimous passage of a local responsible banking ordinance. “We are very pleased that the Boston City Council has passed a local responsible banking ordinance,” said NCRC President and CEO John Taylor. “Local responsible banking ordinances empower local governments to hold banks

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NCRC Statement on Revised Proposed QRM Rule

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Washington, DC – Today, in reaction to the release of a revised proposed Qualified Residential Mortgage (QRM) rule by federal regulators, NCRC President and CEO John Taylor made the following statement: “We are pleased that federal regulators have proposed a revised Qualified Residential Mortgage (QRM) rule that removes the unnecessary downpayment requirement that was previously proposed

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NCRC Efforts Result in Important Conditions on FDIC Approval of Renasant Bank Merger

By / / Press Releases / 4 minutes of reading

Washington, DC – Today, the National Community Reinvestment Coalition reacted to the Federal Deposit Insurance Corporation (FDIC) issuing a conditional approval of a merger between the holding companies for Renasant Bank and M&F Bank. As a condition of the merger, the newly merged Renasant Bank must conduct additional marketing to small businesses and qualified home

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NCRC Releases GSE Reform Access White Paper

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Washington, DC – Today, the National Community Reinvestment Coalition released a new white paper, “A Guarantee for the Guarantee: Two Proposals to Ensure that the Future Secondary Mortgage Market Serves All Creditworthy Borrowers.” The paper introduces two policy proposals designed to promote access and ensure that the future secondary mortgage market serves all creditworthy borrowers through

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