NCRC

On Wednesday, September 14 the National Community Reinvestment Coalition (NCRC) will host a statewide summit in New Orleans on community reinvestment and neighborhood revitalization in Louisiana. The Louisiana Reinvestment Summit will feature keynote a...

The National Community Reinvestment Coalition (NCRC) released an analysis of home purchase lending in St. Louis, Milwaukee, Minneapolis, and the surrounding areas. The analysis reveals racial and income disparities in mortgage lending in all three cities.

Washington, DC - January 10, 2012 - (RealEstateRama) -- Today, in reaction to the Consumer Financial Protection Bureau’s (CFPB) release of the Qualified Mortgage (QM) rule and the inclusion of a legal “safe harbor” for certain qualified mortgages...

Washington, DC - December 21, 2011 - (RealEstateRama) -- On Friday, September 24th, NCRC will testify before Federal Reserve Board on making critical improvements to HMDA data, so that lenders can be held accountable for the types of loans they are iss...

Washington, DC - September 21, 2010 - (RealEstateRama) -- On Friday, September 24th, NCRC will testify before Federal Reserve Board on making critical improvements to HMDA data, so that lenders can be held accountable for the types of loans they are issuing to communities

Washington, DC - September 7, 2010 - (RealEstateRama) -- National Community Reinvestment Coalition (NCRC) president & CEO John Taylor today urged the Obama Administration to ignore calls by some housing experts to “do nothing” on housing recovery. Instead, Taylor said the Administration should mandate loan principal reductions by mortgage lenders to prevent more foreclosures from throwing people out of their homes and flooding the market with vacant houses

Atlanta, GA - August 9, 2010 - (RealEstateRama) -- Eight members of the National Community Reinvestment Coalition testified before the bank regulatory agencies regarding ways to improve the Community Reinvestment Act (CRA) to leverage hundreds of billions of dollars more in private investments for job creation and sustainable homeownership. The NCRC members and national partners testifying include: the Center for Responsible Lending, the Housing Assistance Council, National Council of La Raza, Operation Hope, Inc., the Atlanta Neighborhood Development Partnership, the Community Reinvestment Association of North Carolina, Community Development Corporation of Marlboro County, and Housing Education and Economic Development (HEED) of Mississippi (Exec. Director, Charles Harris pictured right). This is the second of four regulatory hearings that NCRC and its members will be attending and testifying at throughout the summer;

Permanent modifications disappoint, as cancellations trend substantially higher. Washington DC - July 21, 2010 - (RealEstateRama) -- The Treasury Department and HUD released the latest numbers for the Home Affordable Modification Program (HAMP). Nearly 400,000 homeowners have been granted a permanent modification under the program, which compares to over 5.3 million foreclosure filings since the HAMP program began in March of 2009, according to numbers from Realty Trac. Trial modifications canceled exceeded permanent modifications by 122,793 in June, compared to May when 83,000 more trial modifications were canceled than made permanent.

Regulators Must Fulfill Spirit and Intent of Bill. Washington, DC - July 21, 2010 - (RealEstateRama) -- Today, John Taylor, president and CEO of the National Community Reinvestment Coalition (NCRC), will join President Obama for the signing ceremony of the financial reform bill. Taylor made this statement prior to the ceremony

Washington, DC - June 30, 2010 - (RealEstateRama) -- Early this morning, the Conference Committee passed the Financial Regulatory Reform Bill. John Taylor, NCRC’s president and CEO, made this statement regarding its passing:

WASHINGTON, D.C. - May 21, 2010 - (RealEstateRama) -- Today, the United States Senate passed a financial reform bill . A last minute managers amendment from Senator Dodd has not been made public yet, but based on the details of the bill known earlier today, John Taylor, president and CEO of the National Community Reinvestment Coalition (NCRC), made the following statement:

Washington, DC - May 18, 2010 - (RealEstateRama) --Today, the Treasury Department released figures for the Home Affordable Modification Program (HAMP) through April of this year. The numbers show that roughly 300,000 borrowers have received a permanent modification under the program. Meanwhile, foreclosure filings continue at a rate above 300,000 for the 14th straight month, according to Realty Trac