Research

Posts about NCRC research.

Mortgage Lending in the Asian American and Pacific Islander Community

By / August 6, 2020 / Research

Key Findings Over 652,000 loan applications were reported in 2018 where the applicant identified as AAPI. Home purchase loans varied greatly within the AAPI community, with Asian Indians purchasing homes in 70% of cases, compared with Japanese borrowers that purchased a home just 45% of the time. There are substantial variations in the share of …

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NCRC Proposal for Underserved Tracts Would Increase Lending in Communities of Color by Billions of Dollars

By / July 23, 2020 / Research

Executive Summary NCRC proposes to add underserved census tracts as a criterion on component tests on CRA exams. NCRC identifies underserved tracts as those that receive low levels of lending per housing units and small businesses. A significant portion of these tracts are predominantly minority. NCRC estimated that adding these tracts on CRA exams would …

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Same-Sex Couples and Mortgage Lending

By / June 29, 2020 / Research

Introduction The National Community Reinvestment Coalition has analyzed new data available to researchers for the first time to determine borrower patterns among same-sex couples, in comparison to different-sex couples. Our research question was, will same-sex couples pay higher closing costs and more interest on mortgage loans than different-sex couples? From our analysis of 2018 Home …

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Do CRA Ratings Reflect Differences in Performance: An Examination Using Federal Reserve Data

By / May 27, 2020 / Research

Key Findings Better outcomes on the retail lending test usually corresponded to higher ratings but the differences in performance were not as wide as expected Performance measures used to assess community loans and investments tended to indicate greater differences in bank performance across ratings categories This paper suggests the need for refining performance measures and …

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Summary Fact Sheet on the OCC’s Final CRA Rule

By / June 3, 2020 / Research

The Office of the Comptroller of the Currency’s (OCC) final Community Reinvestment Act (CRA) rule released on May 20 would lessen the public accountability of banks to their communities by enacting performance measures on CRA exams that would be complex and opaque while at the same time over-simplifying how to measure bank’s responsiveness to local needs.

Racial Wealth Snapshot: Asian Americans and the Racial Wealth Divide

By / May 14, 2020 / Research

Download Infographic Introduction Asian Americans are the fastest growing racial group in the United States, and are predicted to be the nation’s largest immigrant group in 50 years.[1] Asian American is a racial category that includes Americans who are from or whose relatives are from a diverse group of countries: China, Korea, Japan, India, Pakistan, …

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Mortgages and Older Adults after COVID-19

By / July 29, 2020 / Research

Key Findings 30% of mortgages in 2018 went to older adults. 67% of older adults who took out mortgages were refinancing their homes and 68% of those used the mortgage to access the equity in their homes. Older borrowers were Whiter than younger borrowers. As with younger borrowers, there are racial disparities in interest rates …

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CFPB, FHFA Establish New Borrower Protection Program to Respond to COVID-19 Pandemic

By / April 27, 2020 / Research

This month, the Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) announced the new Borrower Protection Program that streamlines consumer protection oversight of mortgage servicers through new data and information sharing between the program sponsors as they respond to the coronavirus pandemic.

COVID-19 Hits Black and Hispanic Businesses Hardest of All

By / April 8, 2020 / Research

We already know that Black and Hispanic-owned small businesses are severely under- represented in communities, and the COVID-19 pandemic will likely damage these businesses especially hard. In a report that should surprise no one, researchers with the JPMorgan Chase Institute found that businesses located in Black and Hispanic communities are less likely to have the cash …

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