In the News

The Buffalo news,  December 8, 2022,  Community coalition criticizes KeyBank over lending to Black customers In a report released Thursday, the NCRC blasted Key’s performance with low- and moderate-income borrowers and communities, accusing the bank of failing to meet its commitments to improve its lending in those categories over the past several years. Citing federal […]

National Mortgage News, December 13, 2022, FHFA asked to raise income limits for 3% down-payment programs “Origination rates for white applicants were higher than that for Black applicants regardless of applicant income level,” NAREB noted in its report, which includes research from authors James Carr and Michela Zonta. (Carr is a housing finance and policy

Banking Dive, November 29, 2022, BMO unveils $40 Billion community benefits plan BMO developed the plan with input from more than 85 community groups through listening sessions facilitated by the National Community Reinvestment Coalition (NCRC) and the California Reinvestment Coalition (CRC). A number of community advocates expressed their concerns over the deal during a July public hearing held

WBRC, November 30, 2022, Over 50 affordable homes set to help revitalize the Pratt City community New neighbors will soon be moving into the North Pratt community. The National Community Reinvestment Coalition (NCRC) is partnering with Birmingham and several banks to break ground on an affordable housing project. The community leaders who spoke at the

Housing Wire, November 29, 2022, Study reveals alarming inequality trend for Black, Native American borrowers In July 2022, Movement Mortgage paid $75,000 to resolve allegations of racial discrimination against Black and Hispanic borrowers seeking mortgages in the Seattle-Tacoma area. Undercover testers from the National Community Reinvestment Coalition filed a complaint claiming that the South Carolina-based lender had significantly higher application

American Banker, November 28, 2022, BMO inks community agreement as it seeks to close Bank of the West deal The deal is a “substantial move in the right direction by addressing racial equity and access to capital in specific and tangible ways that will create more economic inclusion,” Jesse Van Tol, president and CEO of

North Bay Business Journal, November 22, 2022, Mobile banking picks up speed in California Wine Country U.S. bank retail branch closures were up 38% in 2021 during the pandemic breaking the record set in 2020 as more people banked online, according to the National Community Reinvestment Coalition. Banks eliminated 11,820 branches nationwide in the 10

The Courier Herald, November 17, 2022, Everything housing on the Plateau | Part III The National Community Reinvestment Coalition found two-thirds of banking institutions have disappeared since the early 1980s, with small banks suffering the greatest decline. Altogether, nine percent of all brick-and-mortar bank locations in the U.S. closed between 2017 and 2021. Consumer advocacy

American Banker, November 16, 2022, Critics call Federal Home Loan Bank System ‘corporate welfare’ Megan Haberle, senior director of policy at the National Community Reinvestment Coalition, suggested that the banks’ role be expanded to include support for down payment assistance programs and for lending to first-time homebuyers. But other panelists said those activities are already

National Mortgage News, November 11, 2022, Property comparisons are at heart of appraisal bias, advocacy groups claim The valuation process is meant to be technical and objective, but news reports of Black homeowners needing to use white stand-ins to obtain fair market valuations on their homes have called that objectivity into question. A study conducted

Birmingham Business Journal, November 14, 2022, Growth by NCRC seeks city funding for affordable housing in West Birmingham The National Community Reinvestment Coalition (NCRC) affiliate organization Growth by NCRC is seeking funding from the city of Birmingham to build affordable, energy-efficient homes.

WBRC, November 15, 2022, Birmingham City Council approves millions of dollars for Pratt City redevelopment On Tuesday, the Birmingham City Council approved about $3 million to the National Community Reinvestment Coalition to build 52 new homes. “We’re really excited that the city has heard the voices of the people from this area and that we really

Market Watch, November 2, 2022, U.S. Latinos contributed trillions of dollars to the economy in 2020. So why are they so underserved by financial services? There also remains a significant — albeit narrowing — gap between Latino people and white people when it comes to homeownership, as well as disparities in wealth, inheritance, education and income, according to the National

Black Enterprise, November 1, 2022, The Difference Is Clear: Appraisal Of Same Home Quoted $350k For White Homeowner, $310k For Black Partner MarketWatch reported that a new test conducted in Baltimore by the National Community Reinvestment Coalition (NCRC) shows the appraisal differences between Black and white homeowners through the use of mystery shoppers.