NCRC

WASHINGTON, D.C. - April 25, 2014 - (RealEstateRama) -- Today, hundreds of members of the National Community Reinvestment Coalition (NCRC) across the country and other community groups sent a letter to Senate Banking Committee Chairman Tim Johnson and Ranking Member Mike Crapo outlining their concerns with the access provisions in the Johnson-Crapo housing finance reform legislation. The letter, which was signed by over 300 groups, calls on legislators to ensure that reforms to the housing finance system support access to mortgage credit for all creditworthy borrowers, and affordable rental housing. The legislation is slated to be marked up by the Senate Banking Committee on April 29

Washington, DC - Today, in reaction to an agreement on housing finance reform released by Senate Banking Committee Chairman Tim Johnson and Ranking Member Mike Crapo, NCRC President and CEO John Taylor made the following statement:

Washington, DC - January 29, 2014 - (RealEstateRama) -- As the fate of Fannie Mae and Freddie Mac continues to sit in limbo, it remains unclear what the future holds for our system of housing finance. Despite the fact that Fannie Mae and Freddie Mac have played a valuable role in helping to grow the middle class in America, the reform debate has largely centered around their elimination, without fully considering the consequences for working Americans and the housing market. And troublingly, none of the current reform legislation makes any tangible commitment to ensuring access to conventional lending for the full range of creditworthy borrowers, including millennials, working-class people, rural residents and minorities.

WASHINGTON, D.C. - September 30, 2013 - (RealEstateRama) -- The National Community Reinvestment Coalition (NCRC) is pleased to announce the opening of the South Carolina Fair Housing Center in Columbia, South Carolina on September 30, 2013. The center will be established in South Carolina to address the growing need in that community, and is funded by a one million dollar federal grant from the U.S. Department of Housing and Urban Development (HUD) under the Fair Housing Initiatives Program.

WASHINGTON, D.C. - September 19, 2013 - (RealEstateRama) -- Today, in reaction to the release of 2012 Home Mortgage Disclosure Act (HMDA) data, NCRC President and CEO John Taylor made the following statement

WASHINGTON, D.C. - August 29, 2013 - (RealEstateRama) -- Today, in reaction to the release of a revised proposed Qualified Residential Mortgage (QRM) rule by federal regulators, NCRC President and CEO John Taylor made the following statement

Washington, DC - August 27, 2013 - (RealEstateRama) -- Today, the National Community Reinvestment Coalition reacted to the Federal Deposit Insurance Corporation (FDIC) issuing a conditional approval of a merger between the holding companies for Renasant Bank and M&F Bank. As a condition of the merger, the newly merged Renasant Bank must conduct additional marketing to small businesses and qualified home loan borrowers, partner with community organizations to advertise its products in underserved communities, expand its team of mortgage lenders, and set a goal of meeting the lending levels of its peers in home lending and small business lending.

Washington, DC - August 22, 2013 - (RealEstateRama) -- Today, the National Community Reinvestment Coalition released a new white paper, "A Guarantee for a Guarantee: Two Proposals to Ensure that the Future Secondary Mortgage Market Serves All Creditworthy Borrowers." The paper introduces two policy proposals designed to promote access and ensure that the future secondary mortgage market serves all creditworthy borrowers through conventional lending.

Washington, DC - August 20, 2013 - (RealEstateRama) -- Today, the National Community Reinvestment Coalition applauded remarks from Senate Majority Leader Harry Reid on GSE reform. In a recent interview that addressed GSE reform, Senator Reid expressed the need to "protect homeownership."

Washington, DC - July 22, 2013 - (RealEstateRama) -- The United States Department of Housing and Urban Development (HUD) released for public comment a proposed regulation clarifying the duty of government funded entities to Affirmatively Furthering Fair Housing. This highly anticipated rule provides guidance to over 1200 local governments, all states, and more than 4000 Housing Authorities and community development agencies who receive federal funds on their fair housing responsibilities under Title VIII of the Civil Rights Act of 1968, commonly known as the Fair Housing Act

WASHINGTON, D.C. - June 27, 2013 - (RealEstateRama) -- In anticipation of today's confirmation hearing, the National Community Reinvestment Coalition called for the confirmation of Mel Watt as Director of the Federal Housing Finance Agency (FHFA).

WASHINGTON, D.C. - May 22, 2013 - (RealEstateRama) -- Today, in reaction to the National Mortgage Settlement Monitor’s latest quarterly update, NCRC President and CEO John Taylor made the following statement:

Washington, DC - May 16, 2013 - (RealEstateRama) -- Today, the National Community Reinvestment Coalition (NCRC) released an analysis of home and small business lending in Washington, DC. The analysis of 2011 Home Mortgage Disclosure Act data on lending from six major banks and the lending market as a group shows racial and gender disparities in home lendin

WASHINGTON, D.C. - May 2, 2013 - (RealEstateRama) -- Today, the National Community Reinvestment Coalition applauded the nomination of Representative Mel Watt to lead the Federal Housing Finance Agency (FHFA)

Washington, DC - March 25, 2013 - (RealEstateRama) -- Tonight, at the National Community Reinvestment Coalition's (NCRC) 2013 Annual Conference, NCRC will present its National Achievement Awards, and honor leaders in expanding fair access to financial services. The awards ceremony will be hosted by Dr. Julianne Malveaux, and will feature remarks from John Trasviña, Assistant Secretary for Fair Housing and Equal Opportunity at the U.S. Department of Housing and Urban Development.

Washington, DC - February 5, 2013 - (RealEstateRama) -- Today, the National Community Reinvestment Coalition (NCRC) applauded the news that the U.S. Department of Justice has filed a civil fraud complaint against Standards and Poor’s Rating Services for inflating crediting ratings for residential mortgage backed securities and collateralized debt obligations in the years leading to the financial crisis.

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, NCRC President and CEO John Taylor made the following statement:

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 issuing to communities.

Nation's Most Respected Housing Experts Discuss Solutions to Foreclosure Crisis & Ways to Recreate Sustainable Homeownership At National Community Reinvestment Coalition Annual Conference - March 12_15

WASHINGTON, Sept. 24 /PRNewswire-USNewswire/ -- The National Community Reinvestment Coalition (NCRC) has filed a civil rights complaint against Morgan Stanley, Morgan Stanley Mortgage Capital Holdings, LLC., Saxon Mortgage, Inc., Saxon Asset Securities Company and Saxon Capital, Inc., (collectively, "Morgan Stanley") to the United States Department of Housing & Urban Development and the United States Securities & Exchange Commission.