Press Releases

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NCRC Calls for Strengthening of FHFA’s Proposed Affordable Housing Goals

By / / Press Releases / 1 minute of reading

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) submitted a comment letter on the Federal Housing Finance Agency’s proposed 2015-2017 Enterprise Housing Goals. “The affordable housing goals proposed by FHFA fall far short of what will be needed to ensure that all creditworthy Americans have access to mortgages,” said NCRC President and CEO […]

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NCRC Statement on Final QRM Rule

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Washington, DC – 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: “We are pleased that regulators have aligned the definition of a Qualified Residential Mortgage with the definition of a Qualified Mortgage, and that the final rule

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NCRC Statement on FHFA Effort to Expand Credit Access

By / / Press Releases / 2 minutes of reading

Washington, DC – 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: “We applaud

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NCRC Applauds Midland States Bank’s $16.6 Million Commitment to Low- and Moderate-Income Communities and Communities of Color

By / / Press Releases / 3 minutes of reading

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) applauded a $16.6 million commitment from Midland States Bank of Effingham, Illinois to low- and moderate-income and minority communities in its footprint. In a conciliation agreement with the St. Louis Equal Housing Opportunity Council brokered by the U.S. Department of Housing and Urban Development (HUD),

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NCRC Statement on the Release of 2013 Home Mortgage Disclosure Act Data

By / / Press Releases / 3 minutes of reading

Washington, DC – Today, in reaction to the release of 2013 Home Mortgage Disclosure Act (HMDA) data, NCRC President and CEO John Taylor made the following statement: “The Home Mortgage Disclosure Act data for 2013 makes it clear that there is a closing window of opportunity for low- and moderate-income communities and communities of color.

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NCRC Names Manuel Hidalgo as Chief Operating Officer

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Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) is pleased to announce that Manuel Hidalgo has joined the organization as its new Chief Operating Officer (COO). As COO, Mr. Hidalgo will direct and supervise NCRC’s overall business operations. “We are thrilled to welcome Manny Hidalgo to the NCRC team,” said NCRC President and

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NCRC Report Charts Lending Deserts and Oases for U.S. Small Businesses, Reveals Plummet in Access to Loans

By / / Press Releases / 3 minutes of reading

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) released “Small Business Lending Deserts and Oases,” a breakthrough report on small business lending trends in the United States and disparities in access to credit for small businesses. This is one of the first reports to comprehensively map small business lending “deserts” and small business

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NCRC and Urban Financial of America Announce Reverse Mortgage Fair Lending Collaboration

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) and Urban Financial of America, LLC (UFA), one of the largest reverse mortgage lenders in the country, announced a collaboration to focus on fair lending to older adults. NCRC will serve in an advisory role to assist UFA with providing Home Equity Conversion Mortgages (HECMs) to

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NCRC to Host Ohio Reinvestment Summit on September 8 in Cleveland

By / / Press Releases / 2 minutes of reading

Washington, DC – On Monday, September 8 the National Community Reinvestment Coalition (NCRC) will host a statewide summit in Cleveland on community reinvestment and neighborhood revitalization in Ohio. The Ohio Reinvestment Summit will feature a keynote address by U.S. Senator Sherrod Brown and include seminars and workshops on community reinvestment, foreclosure prevention, economic revitalization, community development,

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NCRC Community Development Fund Receives $420,000 Award from CDFI Fund

By / / Press Releases / 2 minutes of reading

Washington, DC — The National Community Reinvestment Coalition Community Development Fund (NCRC CDF) has been awarded $420,000 from the Community Development Financial Institutions (CDFI) Fund. This week, the CDFI Fund announced that it has awarded more than $160 million to 152 organizations through the FY2014 round of the CDFI program. “The NCRC Community Development Fund

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NCRC Releases White Paper on Improving the Quality and Accessibility of Small Business Loan Data

By / / Press Releases / 3 minutes of reading

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) released “Recommendations to the Consumer Financial Protection Bureau for Implementing Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010,” a white paper presenting recommendations on the collection and public availability of small business loan data from financial institutions. “The collection

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Coalition of Community Groups Challenges Valley National Bank Merger Based on Lending Concerns

By / / Press Releases / 4 minutes of reading

Washington, DC – Today, a coalition of community groups led by the National Community Reinvestment Coalition (NCRC) came together to oppose the proposed merger between New Jersey-based Valley National Bank and Florida-based 1st United Bank. In a letter to the Office of the Comptroller of the Currency (OCC), which is evaluating the proposed merger, the

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NCRC Applauds Senate Confirmation of Julián Castro as HUD Secretary

By / / Press Releases / 1 minute of reading

Washington, D.C. – Today, in reaction to the U.S. Senate’s confirmation of Julián Castro as Secretary of the Department of Housing and Urban Development (HUD), the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement:  “We congratulate Secretary Castro on his confirmation as HUD Secretary. We welcome his leadership and look

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NCRC Applauds President Obama’s Nomination of Julián Castro to Head HUD

By / / Press Releases / 1 minute of reading

Washington, D.C. – Today, in response to President Obama’s nomination of San Antonio Mayor Julián Castro as the next Secretary of the Department of Housing and Urban Development (HUD) NCRC President and CEO John Taylor made the following statement:  “We applaud President Obama for his nomination of Mayor Julián Castro to serve as the next Secretary

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National Groups Call on Senate Majority Leader Reid to Hold off Floor Vote on Johnson-Crapo

By / / Press Releases / 3 minutes of reading

Washington, D.C. – 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

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