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nonbanks

NCRC, Two Other Advocacy Groups, File Joint Amicus Brief in Lacewell v. OCC

Last week, the National Community Reinvestment Coalition (NCRC) joined with the Center for Responsible Lending (CRL) and the National Consumer Law Center (NCLC) to file an amicus brief in the Office of Comptroller of the Currency (OCC)’s appeal in Lacewell  v. OCC  in the federal Second Circuit Court of Appeals.  

90 Billion Bill we pay

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.