Background on Capital One / ING Acquisition The National Community Reinvestment Coalition (NCRC) announced that it will oppose the Capital One acquisition of ING Direct USA, citing serious concerns about the impact of the deal on consumers, communities and the economy. The deal would make Capital One the fifth largest bank in the United States. […]
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NCRC’s Housing Counseling Network Offers Emergency Financial Assistance to Homeowners The U.S. Department of Housing and Urban Development and NeighborWorks America recently announced the recipients of Emergency Homeowners’ Loan Program (EHLP) grant funding. NCRC and its Housing Counseling Network (HCN) affiliates will receive funding to provide support to over 1400 households in approximately 13 states.
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Background on Housing Counseling With estimates showing a shadow inventory that numbers in the millions, it’s clear that the foreclosure crisis is not done wreaking havoc on the housing market. It seems that the ideal outcome for families, communities, and investors alike would include avoiding as many foreclosures as possible and keeping homes occupied. A
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Background on Qualified Residential Mortgages The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank”) promoted responsible lending by requiring financial firms to retain 5 percent of the credit risk when they sell loans to investors. Leading up to the crisis, mortgage firms did not carefully underwrite loans and then sold loans to
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NPR Radio | All Things Considered After several months of investigation into the so-called robo-signing scandal, federal banking regulators have issued cease-and-desist orders to 14 of the nation’s largest mortgage servicers. As a result, these firms — including Bank of America, JP Morgan Chase and Wells Fargo — will have to change the way they
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(Un)affordable Housing | WGBH Radio 89.7 Over ten million cash-strapped renters are spending more than half their paycheck on rent and utilities, according to a new study from the Harvard University Joint Center For Housing Studies. At the same time that the housing market took a dive, construction on rental properties slowed, rentals became more
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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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Letter to Regulators Regarding Consent Orders
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Download the full publication
Reinvestment Works: Spring 2011 Read More »
Who is NCRC? What do they do? The National Community Reinvestment Coalition (NCRC) is a non-profit association comprising more than 600 community-based organizations that promote access to basic banking services, including credit and savings, to create and sustain affordable housing, job development and vibrant communities for America’s working families. Our members include community reinvestment organizations,
NCRC Announces Call for Entries for the Community Empowerment Film Award NCRC encourages the exploration of creative nonfiction storytelling that presents a unique point of view in creative formats from established and emerging filmmakers. Submissions can range in length from a film short to feature-length documentary. We invite a wide range of approaches to national
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Agenda as of 4-6-11* *Subject to Change SUBJECT TRACK KEY ?Small Business & Job Creation ?Fair Housing, Fair Lending & Foreclosure Prevention ?Revitalizing Neighborhoods & Rebuilding Communities ?Policy & Regulatory Reform ?Fundraising, Communications & Capacity Building Wednesday, April 13, 2011 9:00 AM – 12:00 AM | Special Housing Counseling Training (Pre-registration mandatory) 11:15 AM
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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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