Items Tagged with 'National Community Reinvestment Coalition'


Study: Race still a major factor in mortgage lending

NCRC report shows racial and income disparities in lending in St. Louis, Milwaukee
A new study released this week by the National Community Reinvestment Coalition shows that race is still a significant factor in mortgage lending in two major U.S. metro areas. The study found that in both St. Louis and Milwaukee, more mortgage lending is done in primarily white neighborhoods compared to minority neighborhoods.
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Huntington Bank pledges $16.1 billion for community development in Midwest

Partners with National Community Reinvestment Coalition to help underserved
Huntington Bancshares is partnering with the National Community Reinvestment Coalition, and more than 100 of the NCRC's local community organizations, to launch a five-year plan that will see Huntington invest more than $16 billion for community development throughout the Midwest.
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First Tennessee Bank reaches $1.9 million settlement over discriminatory lending

Accused of Fair Housing Act violations
For the second time in just over six months, First Tennessee Bank, the regional bank for First Horizon National, is settling with the federal government over allegations that it violated U.S. lending laws. In June 2015, First Tennessee agreed to pay $212.5 million to resolve allegations that it violated the False Claims Act. HUD announced Monday that it reached a settlement with First Tennessee over allegations that the bank violated the Fair Housing Act.
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From HW Magazine

Why conservatorship of Fannie and Freddie must end

Working people need access to responsible and sustainable mortgage loans
The fate of the Fannie and Freddie investors is not our concern. We are concerned about what happens to communities. And what is happening right now is that the future ability of working class families to obtain responsible home loans is in serious jeopardy.
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Affordable housing advocates on why conservatorship of Fannie, Freddie must end

CEO of National Community Reinvestment Coalition on recap and release
The best option for communities at this juncture is to recapitalize Fannie Mae and Freddie Mac, end their conservatorship, and allow Fannie and Freddie to preserve the public mission in their charters, and their affordable housing goals, John Taylor, CEO of National Community Reinvestment Coalition, writes in an editorial. Click to read Taylor's plan for the future of Fannie and Freddie.
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Major civil rights groups join push to recapitalize Fannie Mae, Freddie Mac

NCRC, NAACP, LULAC call on Obama administration to end conservatorship
Several of the largest civil rights groups in the country are joining together to call on the federal government to end the conservatorship of Fannie Mae and Freddie Mac and recapitalize the agencies, stating that an independent and fully capitalized Fannie and Freddie can better serve the country’s housing needs.
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Foreign affairs could stall housing reform

Competing priorities shift Congressional focus
Housing is a strong catalyst for current economic growth, prompting mortgage experts to urge policymakers about the need for comprehensive housing finance reform this fall. But other fiscal headwinds and policy considerations could take precedence, delaying the housing fix once again.
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