Training and Events
Upcoming Events
- May 22: Supporting Inclusive Communities Through Fair Housing Planning - Brooklyn, NY
- May 23: Supporting Inclusive Communities Through Fair Housing Planning , Day 2- Brooklyn, NY
- Jun 11: Supporting Inclusive Communities Through Fair Housing Planning - Chicago, IL
- Jun 12: Supporting Inclusive Communities Through Fair Housing Planning, Day 2 - Chicago, IL
- Sep 10: Supporting Inclusive Communities Through Fair Housing Planning - Charleston, SC
Research and publications
The National Community Reinvestment Coalition (NCRC) provides tools and resources for organizations and policymakers seeking to understand how financial services impact communities nationwide.
Resources and topics addressed include: the Community Reinvestment Act, the Home Mortgage Disclosure Act, predatory and abusive lending, foreclosure, neighborhood stabilization and lending disparities.
Pro Bono Data Analysis
NCRC provides data services for its members. These analyses describe overall home and small business lending trends on the state, local and neighborhood level.
Public Sector Consulting
NCRC has conducted numerous in-depth studies for public sector clients, including Department of Housing and Urban Development, the Appalachia Regional Commission, the City of Philadelphia, and other cities.
Contact the research department today to find our more: 202-628-8866.
President Obama on HR 3808
NCRC Releases Safe & Sound Lending in Neighborhoods Study (Sept 2010)
Community Reinvestment Act Mitigates Damage to Communities Caused by Financial Crisis
A new study by the National Community Reinvestment Coalition finds that Community Reinvestment Act (CRA) regulated lenders avoided significant decreases in lending accompanied by the current foreclosure crisis and severe recession. The study compared home and small businesses lending and bank branching in two major metropolitan areas (Washington DC and Houston) over the volatile time period of 2006 through 2009. The Community Reinvestment Act (CRA) requires banks to serve communities, particularly low- and moderate-income communities, and by statute requires the lending be safe and sound.
NCRC Files Comments to Treasury Regarding Reform of GSEs
This week, NCRC filed comments to the US Department of Treasury and US Department of Housing and Urban Development regarding the future of the Government Sponsored Enterprises (GSEs), the regulation of the housing finance system, and the role of government in the finance system.
John Taylor Testifies on the role of PMI & Housing Finance (July 29, 2010)
NCRC Files Comments at Joint Public Hearing on CRA (July 19, 2010)
Community Reinvestment Act (CRA) Interagency Joint Public Hearing
"Responsible CRA-related lending and investing has been vital for low- and moderate-income communities. Over the 13-year time period from 1996 through 2008, CRA small business and community development lending has totaled more than $1 trillion for America’s low- and moderate-income neighborhoods." ~Josh Silver, Vice President, Research & Policy
Click here to download a PDF of the full comments.
Click here to download a PDF of the press release.
Foreclosure In The Nation's Capital: How Unfair and Reckless Lending Undermines Homeownership
This paper focuses on two major issues. First, it focuses on potential disparities in subprime lending that are not explained by borrowers’ financial qualifications or housing market characteristics. Then, the paper turns its attention to the impact of such lending disparities, among other factors, on foreclosure outcomes. The study is limited to mortgages originated in the Washington, DC, metropolitan statistical area between 2004 and 2007, while tracking the life of each mortgage through the end of 2008. This paper provides a detailed exploration of mortgage lending practices across minority communities in the DC MSA, and looks at the performance of these loans at a deeper level than is possible with Home Mortgage Disclosure Act (HMDA) data alone. The study combines loan terms and performance information from a database obtained from a proprietary source, Lender Processing Services (LPS), Inc., together with HMDA data.
John Taylor testifies on CRA before House Financial Services Committee
The current foreclosure and economic crisis was caused in significant part by unregulated and risky lending. The federal government has obligated $23 trillion in rescuing the financial industry. Two major rationales motivated Congress to enact CRA in 1977. First, Congress believed that all creditworthy borrowers needed to have access to financial services regardless of their income class. It was true in 1977 and still true today that few working class, blue collar citizens can pursue their American Dream or build businesses without fair access to the financial system. Second, banks must have an obligation to serve their communities in return for FDIC deposit insurance and the full faith and backing of the American taxpayer. Today, both rationales must be applied to the entire industry since government financial and institutional support rescued the financial industry from its recklessness. In addition, a broad application of CRA can safeguard the financial industry and return it to profitability by requiring safe and sound lending and investments in neighborhoods.
Foreclosure Rescue Scams: A Nightmare Complicating the American Dream
The report addresses the concerns surrounding foreclosure prevention rescue scams. The research study was conducted for a period of three months in mid-2009 using “fair lending matched pair testing” or mystery shopping” to assess the extent of the problem. Findings of the study demonstrate that an aggressive legislative solution and added public and private oversights and enforcement are necessary to prevent consumers from being harmed.
Foreclosure modification scams have been a problem for years. However, this insidious practice has become more prevalent in the recent increase of foreclosures. Scammers mislead homeowners into believing that they will get a modification that significantly lowers their payment, or stabilizes an exploding adjustable rate mortgage or “ARM.” Common scams perpetuated against consumers, include phantom help, reverse mortgages, title theft, and short sale fraud. Often times, scams come in the form of ads in the newspaper, internet, public files at local government offices, television and personalized letters to homeowners.
NCRC Releases Small Business Lending Study (July 2010)
Small businesses are the driving force behind job creation, yet many struggle to find the capital they need to survive and grow. Women and minority-owned businesses face additional impediments. Today, we’re pleased to announce a new NCRC study, “Does CRA Small Business Lending Increase Employment: an Examination on a County Level.” The study looks at over 500 counties around the country, exploring the national impact of Community Reinvestment Act on small business lending.
