Hamilton County – Fair Lending Report
Hamilton County – Fair Lending Report Read More »
(Download) December 9, 2019 RE: Docket ID OCC-2019-0021, Loans to Small Businesses and Small Farms To Whom it May Concern: The National Community Reinvestment Coalition (NCRC), an association of more than 600 community-based organizations that promote access to basic banking services, affordable housing, entrepreneurship, job creation and vibrant communities for America’s working families, suggests that
NCRC’s comment on reporting of data on loans to small businesses and farms Read More »
Introduction Fintech, or “financial technology,” is an industry on the rise to assist in personal financial management and documentation in order to increase monetary security and reduce fraud and exploitation. The fintech industry utilizes specialized software and algorithms on electronic devices, such as computers and mobile phones, to detect unusual spending activity. This fairly new
ISSUE BRIEF: FinTech and Older Adults Read More »
Nationwide, 64% of Americans own their homes. In Milwaukee, merely 52% do. And the challenges are substantially greater for lower-income households and people of color. The differences are as plain as black and white – literally.
The share of African Americans who own their homes fell from 43.8% in early 2012 to 40.6% in the second quarter, according to the U.S. Census Bureau. By contrast, the white homeownership rate has edged down slightly, from 73.5% to 73.1%. In 2004, during the housing boom, nearly half of black people owned their homes.
USA Today: Black households can afford just 25% of homes for sale, down from 39% in 2012 Read More »
Entry-level home buyers outnumbered sellers in the Twin Cities metro in October, boosting prices and stifling sales of houses priced at less than $300,000. For those willing to spend more than that, it was a radically different story — sales and listings of move-up properties increased double-digits.
National Mortgage News: Median sale price of Twin Cities home hits a record in October Read More »
Census Bureau’s Housing Vacancies and Homeownership Survey show minority homeownership rate rose 0.9% to 48.3% during Q3 2019.
DS News: Rising Rates for Minority Homeownership Read More »
Native Americans and the Racial Wealth Divide The United States has too often hindered Native American advancement, not advanced it. Through years of intentional governmental policies that removed lands and resources, American Indians have been separated from the wealth and assets that was rightfully theirs. Thus Native Americans, which refers to people from any of the
Racial Wealth Snapshot: American Indians/ Native Americans Read More »
I’ve been asked to talk about the importance of small business data. I want to begin by sounding a warning we should all head. The income inequality in our country, the highest of any industrialized nation and the highest it has been in 50 years, is a festering calamity building towards an explosion of American
CFPB Symposium on Section 1071 Introduction – Importance of Small Business Loan Data The National Community Reinvestment Coalition (NCRC) appreciates this opportunity to comment on the importance of data in understanding and monitoring the small business lending market. NCRC is an association of 600 community-based nonprofit organizations dedicated to increasing access to credit and capital
(Download) October 18, 2019 Office of General Counsel Rules Docket Clerk Department of Housing and Urban Development 451 Seventh Street SW, Room 10276 Washington, D.C. 20410-0001 Re: Docket No. HUD-2019-0067 FR-6111-P-02 HUD’s Implementation of the Fair Housing Act’s Disparate Impact Standard Dear Assistant Secretary Farias: The National Community Reinvestment Coalition (NCRC) is committed to
NCRC’s Disparate Impact Letter to HUD Read More »
October 15, 2019 Comment on Advance Notice of Proposed Rulemaking (ANPR) Concerning HMDA Data Points Docket No. CFPB-2019-0020 To Whom It May Concern: The undersigned organizations (55 national and local organizations) oppose any dilution or diminishment of the new and enhanced Home Mortgage Disclosure Act (HMDA) variables added by the 2015 final rule issued by
Comment Letter on Advanced Notice of Proposed Rulemaking on HMDA Data Points Read More »
October 15, 2019 Docket No. CFPB-2019-0021 or RIN 3170-AA76 Notice of Proposed Rulemaking, HMDA Reporting Thresholds To Whom it May Concern: The undersigned organizations (214 national and local organizations) oppose the proposal of the Consumer Financial Protection Bureau (CFPB) to exempt thousands of lending institutions from reporting the Home Mortgage Disclosure Act (HMDA) data. As
Comment Letter on Notice of Proposed Rulemaking Concerning Which Lenders Report Data Read More »
As National Hispanic Heritage Month comes to a close, the National Community Reinvestment Coalition (NCRC) developed a Latino Racial Wealth Snapshot to reflect on the diversity, culture and socioeconomic challenges facing the nation’s largest ethnic group of color. With a total of 58.8 million (foreign-born: 36%; native-born: 62%), the Latino community ranks at 18.1% of the U.S.
Latinos, the Racial Wealth Divide and Rebuilding the American Middle Class Read More »
Defining Hispanic and Latino In census data, Hispanic is the term most often used to describe the ethnicity of the people in the United States from Spanish speaking countries. However, it is most often thought of as a person from or has ancestry in Latin America, excluding people from Spain. The term Latino, shorthand for
Racial Wealth Snapshot: Latino Americans Read More »