NCRC
NCRC Reacts to HUD’s New Proposed Revisions to Lender Certification for FHA-Insured Mortgages
Today, in reaction to the U.S. Department of Housing and Urban Development’s (HUD) new proposed revisions to the loan-level certifications made by lenders on mortgages insured by the Federal Housing Administration (FHA), the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement
NCRC Reacts to Final Affordable Housing Goals Issued by Federal Housing Finance Agency
In response to the Federal Housing Finance Agency’s (FHFA) release of its final affordable housing goal rule for Fannie Mae and Freddie Mac for 2015-2017, National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement
NCRC Statement on Court Ruling to Overturn New York City’s Responsible Banking Act
The National Community Reinvestment Coalition (NCRC) reacted in disappointment to the ruling by U.S. District Judge Katherine Polk Failla overturning New York City’s Responsible Banking Act in The New York Bankers Association v. The City of New York. The Responsible Banking Act is one of several responsible banking ordinances that U.S. cities have recently passed, which require banks bidding on municipal deposits and investments to submit community development plans describing the loans, investments, and bank services they would provide to minority and modest-income neighborhoods.
NCRC Reacts to Supreme Court Decision Upholding Use of Disparate Impact Analysis in Fair...
Today, in response to the U.S. Supreme Court’s decision in Texas Department of Housing and Community Affairs v. The Inclusive Communities Project upholding the use of disparate impact analysis in the enforcement of the Fair Housing Act, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement
Community Organizations Hold Delaware Reinvestment Summit in Wilmington
On Tuesday, June 16, the National Community Reinvestment Coalition (NCRC) and other community groups hosted a statewide summit in Wilmington on community reinvestment in Delaware. Community-based organizations, financial institutions, and public officials from across the state gathered at the Delaware Reinvestment Summit to address some of Delaware's biggest economic challenges
NCRC Statement on Shelby Regulatory Relief Bill Committee Vote
Today, in reaction to the U.S. Senate Banking Committee’s vote on Senator Richard Shelby's bill "The Financial Regulatory Improvement Act of 2015," NCRC President and CEO John Taylor made the following statement
NCRC Reacts to FHA Announcement About Changes to Distressed Asset Stabilization Program
“We applaud the FHA for taking these significant steps to improve homeownership opportunities in neighborhoods hard hit by the foreclosure crisis. NCRC and its member organizations have advocated to the FHA for improving the number and quality of Neighborhood Stabilization Outcome (NSO) targeted loan pools. We’re pleased that the FHA listened to these concerns and adopted several of our key recommendations
NCRC Reacts to FHFA’s Modest Adjustments to Guarantee Fees
Today, in reaction to the Federal Housing Finance Agency’s (FHFA) announcement of small adjustments to the fees it charges lenders on loans guaranteed by the Government-Sponsored Enterprises (GSEs), the National Community Reinvestment Coalition’s (NCRC) Chief of Membership and Policy Jesse Van Tol made the following statement:
In Response to House Financial Services Hearing, NCRC Applauds FHA
Washington, DC - February 11, 2015 - (RealEstateRama) -- Today, as U.S. Department of Housing and Urban Development Secretary Julian Castro testified before the U.S. House of Representatives Committee on Financial Services in a hearing titled “The Future of Housing in America: Oversight of the Federal Housing Administration,” NCRC President and CEO John Taylor applauded recent changes to FHA mortgage insurance premiums
NCRC Reacts to Reduction in FHA Premiums
Washington, DC - January 12, 2014 - (RealEstateRama) -- Today, in reaction to President Obama’s announcement that the Federal Housing Administration (FHA) will lower mortgage insurance premiums by 0.5 percentage points for FHA loans, NCRC President and CEO John Taylor made the following statemen
NCRC Applauds FHFA’s Decision to Fund National Housing Trust Fund and Capital Magnet Fund
WASHINGTON, D.C. - December 15, 2014 - (RealEstateRama) -- Today, in response to the announcement by the Federal Housing Finance Agency (FHFA) that it would begin setting aside and allocating funds to the National Housing Trust Fund and Capital Magnet Fund, the National Community Reinvestment Coalition (NCRC)’s President and CEO John Taylor made the following statement
NCRC Applauds Enhancements to Home Affordable Modification Program
WASHINGTON, D.C. - December 9, 2014 - (RealEstateRama) -- Today, in response to the announcement of enhancements to the Home Affordable Modification Program (HAMP) by the U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development, the National Community Reinvestment Coalition (NCRC)’s President and CEO John Taylor made the following statement:
NCRC Director of Legislative and Policy Advocacy Mitria Wilson Selected as One of HousingWire’s...
WASHINGTON, D.C. - November 5, 2014 - (RealEstateRama) --Mitria Wilson, NCRC Director of Legislative and Policy Advocacy, has been named as one of HousingWire's 2014 Influential Women in Housing.
Consumer Advocacy Groups Submit Comment on the CFPB’s Proposed Home Mortgage Disclosure Act Data...
WASHINGTON, D.C. - October 31, 2014 - (RealEstateRama) -- Today, the National Community Reinvestment Coalition (NCRC) and other consumer advocacy organizations submitted a joint comment letter to the Consumer Financial Protection Bureau (CFPB) regarding the proposed modifications to Regulation C, which will implement changes to the Home Mortgage Disclosure Act (HMDA). The letter applauds the expanded collection of data elements and urges the public release of the new data elements, particularly those that do not pose privacy risks, without delay
NCRC Statement on Final QRM Rule
Washington, DC - October 23, 2014 - (RealEstateRama) -- Today, in reaction to the adoption of a final credit risk retention rule by federal regulators, NCRC President and CEO John Taylor made the following statement:
NCRC Statement on FHFA Effort to Expand Credit Access
Washington, DC - October 21, 2014 - (RealEstateRama) -- Today, in response to Federal Housing Finance Agency (FHFA) Director Mel Watt’s announcement that FHFA has revised and clarified the Representation and Warranty framework, and will be developing new guidelines for mortgages with loan-to-value ratios between 95 and 97 percent, NCRC President and CEO John Taylor made the following statement:
NCRC Statement on the Release of 2013 Home Mortgage Disclosure Act Data
Washington, DC - September 25, 2014 - (RealEstateRama) -- Today, in reaction to the release of 2013 Home Mortgage Disclosure Act (HMDA) data, NCRC President and CEO John Taylor made the following statement
National Groups Call on Senate Majority Leader Reid to Hold off Floor Vote on...
Washington, D.C. - May 21, 2014 - (RealEstateRama) -- Today, the National Community Reinvestment Coalition (NCRC) and other leading national organizations sent a letter to Senate Majority Leader Harry Reid calling on him not to give the current Johnson-Crapo housing finance reform legislation a floor vote in the Senate. The letter outlines the groups' concerns with the bill and warns of the negative impact for first-time buyers and minority, working-class, and rural families if the bill were to become law.
NCRC Statement on Johnson-Crapo Housing Finance Reform Committee Vote
Washington, D.C. - May 15, 2014 - (RealEstateRama) -- Today, in response to the U.S. Senate Banking Committee's vote on the Johnson-Crapo housing finance reform legislation, the National Community Reinvestment Coalition's (NCRC) President and CEO John Taylor made the following statement
NCRC and AAG Announce Reverse Mortgage Fair Lending Collaboration
WASHINGTON, D.C. - April 29, 2014 - (RealEstateRama) -- Today, the National Community Reinvestment Coalition (NCRC) and American Advisors Group (AAG), the largest reverse mortgage lender in the country, announced a collaboration to focus on fair lending to older adults. NCRC will serve in an advisory role to assist AAG with providing Home Equity Conversion Mortgages (HECMs) to qualified borrowers age 62 and older.
