HMDA data reveals refi boom during pandemic, but not for Black and Hispanic homeowners
personal wealth faster. But it was a bust for communities of color. Their share of refinance loans declined.
racial equity
2020 HMDA Preliminary Analysis
HMDA is a crucial tool for the public and local leaders to monitor the mortgage market and ensure lenders are not redlining in their communities.
NCRC receives $1 million from W.K. Kellogg Foundation to support data transparency, research and private sector training to expand racial equity in small business lending
The National Community Reinvestment Coalition (NCRC) has been awarded $1 million from the W.K. Kellogg Foundation to support racial equity research and training for lenders to expand access to credit and capital for small businesses owned by people of color.
President Biden Signs Executive Order Directing HUD to Address History of Systemic Racism
I applaud President Biden for signing four executive orders today that will help advance the goal of racial equity. The order directing HUD to address the nation’s long history of systemic racism in housing is of particular importance to us. Acknowledging the federal government’s role in perpetuating segregation, including the lasting impacts of redlining, is essential to addressing America’s ever growing racial wealth divide.
New Report Gives Banks a Clear Pathway to Diversity Benchmarks
New benchmarks for racial and ethnic representation from NCRC and Beneficial State Foundation set goals and metrics for banks to evaluate their performance
Amid Funding Threats and Coronavirus, Minority College Students Face Many Concerns
For many universities and their students, COVID-19 created new problems and exacerbated existing vulnerabilities.
