Calls for Federal Reserve to Hold Public Hearings and Extend Comment Period on Capital One Acquisition of ING Direct USA Washington, DC — The National Community Reinvestment Coalition (NCRC) announced today that it will oppose the Capital One acquisition of ING Direct USA, citing serious concerns about the impact of the deal on consumers, communities […]
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SAVE THE DATE! April 18 – 21, 2012 | Washington Court Hotel | Washington, DC Registration is OPEN for the 2012 NCRC Annual Conference, April 18-21 in Washington, DC! This multi-day gathering brings together hundreds of community leaders, development experts, bankers, legislators, regulators, academics and others. The conference is our premier training and networking event
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Washington, DC — President Obama is expected today to nominate the former Ohio state Attorney General Richard Cordray as Director of the Consumer Financial Protection Bureau (CFPB). In 2010, the National Community Reinvestment Coalition (NCRC) gave Cordray its prestigious Henry B. Gonzalez Award for outstanding public service, noting that he was a “shining example for state
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Unequal & Separate Lending System Between The Rich & Everyone Else, Throws Gas On Fire Undermining American Economy Washington, DC — John Taylor, president & CEO of the National Community Reinvestment Coalition (NCRC), released this statement at a press conference with U.S. Senators Johnny Isakson, Kay Hagan, and Mary Landrieu and U.S. Congressmen John Campbell
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Washington, DC — John Taylor, President & CEO of the National Community Reinvestment Coalition, released this statement today about the Republican proposal to raise the Federal Housing Administration (FHA) minimum loan down payment to five percent. The proposal will be discussed at a House Financial Services Subcommittee hearing today. NCRC opposes an increase in the
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NCRC’s 2011 National Achievement Award winners: Recipient of the National Community Reinvestment Award | Inez Killingsworth, Empowering & Strengthening Ohio’s People, Cleveland, OH Recipient of the William H. Proxmire Award | Manuel “Manny” T. Gauna, Tiempo, Inc., Phoenix, AZ Recipient of the James Leach Award | HOPE Enterprise Corporation, Jackson, MS Recipient of the James
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Conference Photos 2011 Check out all the great photos from 2011 Annual Conference! Evaluation Download evaluation form Other Resources NCRC 2011 Policy Priorities NCRC AG Settlement Summary Strengthening Democracy, Increasing Opportunities Accessing Capital in Small Cities (CEI Profile) The Myth of Rural Subsidies  Speaker Presentations Robert Egger, Positioning Your Organization for Growth…[VIDEO]  Â
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Washington, DC — As the federal government faces a possible shutdown, local community organizations will gather in Washington, DC to call for renewed efforts to prevent foreclosures, create jobs and stabilize communities, building on model programs and efforts at the local level. Joined by its state-based member organizations, the National Community Reinvestment Coalition (NCRC) hosts its
Washington, DC — John Taylor, President & CEO of the National Community Reinvestment Coalition (NCRC) today made this statement about proposals in Congress for Fannie Mae and Freddie Mac, and federal agency proposals on the Qualified Residential Mortgage (QRM): “How we address Fannie Mae and Freddie Mac, and the definition of the Qualified Residential Mortgage, will
Washington, DC — John Taylor, president & CEO of the National Community Reinvestment Coalition (NCRC) today made this statement about the anticipated House vote to terminate the Home Affordable Modification Program (HAMP):
“Given the fragile state of the economy, Congress and the Administration need to stop procrastinating and create proposals that actually solve the country’s financial problems, 
not ignore them. Congress’ decision this week to eliminate HAMP does nothing but cause further agony to the millions of hard-working families who are on the brink of losing their homes.”
“If anything, Congress should be debating how HAMP can be reengineered and improved. The Administration also needs to step up, and take a hard line to ensure that the industry meets the requirements of the program. And our government needs to stop tip-toeing around the housing crisis and start addressing it head-on with concrete, actionable solutions that lend a hand to the American people rather than providing yet another escape hatch for Wall Street.”
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Washington, DC — John Taylor, President & CEO of the National Community Reinvestment Coalition (NCRC) today made this statement on proposals to eliminate housing programs before the House Financial Services’ Subcommittee on Insurance, Housing and Community Opportunity:
“The failure of Congress to mandate foreclosure assistance programs that address the whole magnitude of the crisis is a reason to do more, instead of nothing. A vacuum of leadership on foreclosures will be filled by these reckless and heartless proposals unless the Administration and the rest of Congress step up, and not continue to penny ante and punt. Only twisted thinking concludes that leaving people to fend for themselves when they are kicked out of their homes is the correct solution to our economic woes. Simply put, it will make a terrible problem even worse. The real cost of these housing programs is in the lost opportunity to expand their scope. Given the fragile state of our economy, we need proposals that solve the problem, not ignore it; if we don’t, I fear we’ll be having this same debate years from now.
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Washington, DC — The following is a statement from John Taylor, President & CEO of the National Community Reinvestment Coalition (NCRC), on the Administration’s plan for Fannie Mae and Freddie Mac:
“The only measure for the success of this plan is whether or not all creditworthy borrowers have the opportunity to purchase a home. If working class families are locked out of homeownership, and we end up with a housing finance system that serves only the well-heeled, then we will have failed miserably.
“Historically, working class people have had access to private sector capital in order to purchase a home, with guarantees by the government to ensure affordability. The Administration’s plan, by emphasis and omission, suggests that this country’s commitment to ensuring homeownership for working families will be lessened.
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Ensuring affordable housing for millions of Americans should not be sole responsibility of the government
Washington, DC — John Taylor, President & CEO, National Community Reinvestment Coalition, made this statement today on Administration and Congressional proposals for Fannie Mae and Freddie Mac:”Privatizing Fannie Mae and Freddie Mac will exacerbate problems in the housing market, not solve them. We must recognize that for 95% of Fannie and Freddie’s history they did a great job in assisting millions of Americans to purchase a home. If they go away, I fear we’ll see two marketplaces — one for the well heeled, and a more costly system of finance for everyone else.
“If the private market will enjoy the benefit of government guarantees, then there must be a strong duty to serve the affordable housing needs of the country. Putting Wall Street in the driver seat without adequate oversight and a commitment to affordable housing would be a mistake. We still don’t have adequate funding and authority for oversight by the SEC and other agencies to ensure that they behave responsibly.
Join NCRC and leaders from business, government, community non-profits, media and academia April 13-16, 2011 in Washington, D.C. for cutting edge dialogue and hands-on trainings, workshops, plenaries and topical sessions on issues affecting America’s communities. Morning and Afternoon Plenary Sessions We bring national speakers to the stage to enlighten, inform and inspire you. Some will
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2011 Conference Speakers Download the Speaker Directory Speakers included U.S. Senator Jon Tester, U.S. Senator Al Franken, U.S. Representative Emanuel Cleaver, Thomas Perez, Assistant Attorney General, U.S. Dept. of Justice, Sheila Bair, Chairman, Federal Deposit Insurance Corporation and Donna Gambrell, Director, CDFI Fund. Download Speaker Presentations Â
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