NCRC
As HUD Asks Americans to “Dare to Own the Dream” of Homeownership, NCRC Calls...
Following a U.S. Department of Housing and Urban Development (HUD) National Homeownership Month “Dare to Own the Dream” event, the National Community Reinvestment Coalition (NCRC) and local community groups called on the Obama Administration to protect and strengthen the affordable housing goals at Fannie Mae and Freddie Mac.
NAREE Board Elected in San Diego; Two New at-Large Members Appointed
A new NAREE Board of Directors has been sworn-in for 2016. Steve Brown, who covers real estate for the Dallas Morning News, is NAREE's new president. A deeply experienced NAREE volunteer, Steve has served three different stints on the board over the years. Steve and the other members of the board were officially affirmed at the NAREE officer installation dinner on Friday, Nov. 13, 2015 at the Harbor House in San Diego
NCRC Applauds Letter from 32 Members of Congress to FHFA Director and Treasury Secretary...
The National Community Reinvestment Coalition applauded a letter from 32 Members of Congress to FHFA Director Mel Watt, and Treasury Secretary Jack Lew, urging them to ensure that Fannie Mae and Freddie Mac are adequately capitalized. NCRC members first introduced and urged Members of Congress to sign on to this letter at the 2016 NCRC Annual Conference Hill Day
Community Groups Call for Recapitalization of GSEs and End to Dividend Payments to U.S....
NCRC together with other consumer groups, homebuilders and small lenders sent a letter to Mel Watt, Director of the Federal Housing Finance Agency, expressing concern that the capital buffers of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac will soon be depleted as a result of the Preferred Stock Purchase Agreements between the FHFA and the U.S. Department of Treasury. The letter calls for Watt to suspend the GSEs’ dividend payments to the Treasury Department and to establish a plan for their recapitalization.
Huntington Bank and National Community Reinvestment Coalition Announce $16.1 Billion Community Development Plan
Today, in an agreement reached with the National Community Reinvestment Coalition (NCRC) and its community-based members and allies across the Midwest, Huntington Bancshares Inc. announced a commitment of $16.1 billion for community development, including lending and investments, over a five-year period.
NCRC Makes Recommendations to Improve Performance Context Analysis in Community Reinvestment Act Exams
The National Community Reinvestment Coalition (NCRC) released a white paper describing the importance of Community Reinvestment Act (CRA) exam performance context analysis, reviewing current implementation of the analysis, and prescribing improvements. The paper, “CRA Performance Context: Why it is Importance for Community Development and How to Improve it,” shows that current performance context analyses do an unsatisfactory job determining the housing and economic conditions of a community, and often do not adequately solicit the community’s residents about their financial services needs
NCRC Applauds FHFA Principal Reduction Modification Program
Today, in reaction to the announcement by the Federal Housing Finance Agency (FHFA) that Fannie Mae and Freddie Mac will offer principal reduction to certain seriously delinquent, underwater borrowers, NCRC President and CEO John Taylor made the following statement
NCRC and KeyBank Announce Landmark $16.5 Billion Community Benefits Agreement
WASHINGTON, D.C. - (RealEstateRama) -- The National Community Reinvestment Coalition (NCRC) and KeyBank signed a landmark $16.5 billion community benefits agreement. The commitment, signed...
NCRC to Host 2016 Annual Conference March 16-19 in Washington, DC
From March 16-19, the National Community Reinvestment Coalition (NCRC) will hold its annual conference, “Creating a Just Economy,” bringing together hundreds of participants and community organizations from across the nation
NCRC Reacts to FHFA Director Mel Watt’s Remarks at the Bipartisan Policy Center
Today, in response to Federal Housing Finance Agency Director (FHFA) Mel Watt’s remarks at the Bipartisan Policy Center regarding the conservatorship of the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, the National Community Reinvestment Coalition’s President and CEO John Taylor made the following statement
NCRC Calls on Financial Regulatory Agencies to Declare Flint, MI a Disaster Area
The National Community Reinvestment Coalition (NCRC) sent a letter to Janet Yellen, Chair of the Federal Reserve Board of Governors, Thomas J. Curry, Comptroller of the Currency, and Martin J. Gruenberg, Chairman of the Federal Deposit Insurance Corporation, asking that they declare Flint, Michigan a designated disaster area in response to its water crisis and encourage banks to make loans to the city and its residents to help repair or replace tainted pipes
NCRC Hires Stella Adams as Chief of Civil Rights
Today, the National Community Reinvestment Coalition (NCRC) announced the hiring of Stella Adams in the role of Chief of Civil Rights. NCRC President and CEO John Taylor made the following statement
NCRC Report Shows Stark Racial Lending Disparities in Baltimore
The National Community Reinvestment Coalition (NCRC) released an analysis of home purchase and small business lending in Baltimore, Maryland, and the surrounding areas. The analysis reveals deep racial disparities in mortgage lending.
NCRC Releases Paper Calling For Protection of Duties to Serve, Recapitalization and Reform of...
Today, the National Community Reinvestment Coalition (NCRC) released awhite paper making a case for the recapitalization of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac and continuing the reforms of the GSEs started with the passage of the Housing and Economic Recovery Act of 2008 (HERA). The white paper, “Protecting Duties to Serve and Responsible Next Steps for Reforming the Secondary Mortgage Market,” follows a letter sent on October 27 to President Obama signed by NCRC, NAACP, and LULAC urging the Administration to rethink its position on the recapitalization of the GSEs.
NCRC, NAACP, LULAC Call on Obama Administration to Recapitalize, Continue Reforms of Fannie and...
Several national groups sent a letter to President Obama urging the Administration to rethink its position on the recapitalization of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac and calling for their continued reform. The letter is in response to comments last week from Jacob Lew, Secretary of the U.S. Department of the Treasury, and Antonio Weiss, Counselor to the Secretary of the U.S. Department of the Treasury, that seemingly suggested that the Obama Administration would not consider recapitalization of the GSEs
NCRC Applauds Final Home Mortgage Disclosure Act Data Rule
Today, in reaction to the Consumer Financial Protection Bureau’s release of a final rule regarding modifications to Regulation C, which will implement changes to the Home Mortgage Disclosure Act (HMDA), NCRC President and CEO John Taylor made the following statement:
NCRC Celebrates Anniversary of the Signing of the Community Reinvestment Act
On the anniversary of the date the Community Reinvestment Act (CRA) was signed into law by President Jimmy Carter in 1977, National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement
Community Organizations to Hold Reinvestment Summit in Baltimore
On Monday, September 28 the National Community Reinvestment Coalition (NCRC) will host a statewide summit in Baltimore on community reinvestment and neighborhood revitalization in Maryland. The Maryland Reinvestment Summit will feature keynote addresses by U.S. Congressman Elijah Cummings and Benjamin Jealous, Partner at Kapor Capital.
NCRC Statement on the Release of 2014 Home Mortgage Disclosure Act Data
Today, in reaction to the release of 2014 Home Mortgage Disclosure Act (HMDA) data, NCRC President and CEO John Taylor made the following statement: “The Home Mortgage Disclosure Act data release for 2014 illustrates a disturbing and highly problematic trend with hard numbers: opportunities for homeownership are still very limited. Particularly in low- and moderate-income communities and communities of color, it’s too difficult to become a homeowner.”
NCRC Statement on Updates to Common Securitization Platform
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
