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Upcoming Events

Press Releases
Washington – The National Community Reinvestment Coalition’s Washington, DC Women’s Business Center (DC WBC) will hold its Second Annual “Shop, Sip and Celebrate” Holiday Bazaar this year on Small Business Saturday, November 28, 2015. The DC WBC Holiday Bazaar is a pop-up marketplace to showcase local women-owned small businesses, many of which are DC WBC clients. It gives women entrepreneurs a place to market their products and gain exposure to new clients. Last year’s inaugural Bazaar hosted 23 vendors and was attended by over 250 participants. This year’s event will host 35 vendors. “Our clients are committed to the dedication…
Washington – Today, the National Community Reinvestment Coalition (NCRC) released a white 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 President and CEO John Taylor made the following statement: “Our dog in this housing finance reform…
Washington, DC – Today, 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. “The most sensible path forward for the housing finance system is to recapitalize Fannie and…
Washington, DC – 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: “This expansion of Home Mortgage Disclosure Act data is a very positive thing for consumers everywhere. Had we had this expanded data before, it would have provided an early warning system that would have helped to prevent the housing crisis. This data will serve to increase the fairness of mortgage markets for all Americans.” “We are particularly…
Washington, DC - Today, 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: “The signing of the Community Reinvestment Act into law was a critically important moment for economic fairness in the United States. The affirmative obligation that banks serve and make safe and sound loans in the communities where they are chartered, including low- and moderate-income neighborhoods, has opened doors to economic opportunity for millions of working Americans.” “Today, action should be taken…
Contact:Eric Hersey, 202-524-4880Ryan Conley, 202-524-4875  Washington, DC – Today, in response to the Federal Reserve’s decision to extend the comment period on Goldman Sachs Bank's proposed acquisition of certain assets and liabilities of GE Capital Bank to October 30, the National Community Reinvestment Coalition’s President and CEO John Taylor made the following statement. “This extension of the public comment period is a victory for NCRC, our members, and the public. This will give communities more time to submit written comments about the many problems with the transaction.” “This is a positive first step by the Fed, but Goldman Sachs is too…
Baltimore, MD – 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. The Summit will include seminars and workshops on economic revitalization, the Community Reinvestment Act, workforce development, violence prevention, investment in youth, health care access, financial opportunity for Maryland's immigrant community, economic security for older adults, and affordable housing. "NCRC and our members in Maryland and in the City of Baltimore are committed…
Washington, DC - 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.” “We are in danger of becoming a society in which homeownership and its benefits are reserved primarily for the wealthy, with everyone else relegated to high-cost rental housing. Homeownership is the…
Washington, DC – Today, 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:“The potential that the Common Securitization Platform (CSP) will be opened up in the future to entities other than government-sponsored enterprises — Fannie Mae and Freddie Mac — raises serious questions about whether those entities will be subject to affordable housing goals and a Duty to Serve underserved markets as Fannie and Freddie currently are.”“For this reason, NCRC opposes provisions offered by Senator Shelby that would open the CSP to…
Washington, DC – 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: “The proposed revisions are a positive step towards balancing the need to provide and expand mortgage access for working people with the need to assure quality controls are in place to protect the FHA Mutual Mortgage Insurance Fund against losses. But still more should be done to increase access for…
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