NCRC Applauds President Obama’s Leadership on Housing

By / / Press Releases / 2 minutes of reading

Washington, DC — Today, the National Community Reinvestment Coalition (NCRC) applauded President Obama for announcing new steps allowing homeowners to refinance FHA insured loans at lower rates, and an agreement with lenders which would provide financial restitution for veterans who were improperly foreclosed upon. NCRC President & CEO John Taylor called upon Edward DeMarco, Acting Director […]

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Independent Foreclosure Review

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Background The Federal Reserve Board issued enforcement actions against four large mortgage servicers –GMAC Mortgage, HSBC Finance Corporation, SunTrust Mortgage, and EMC Mortgage Corporation–in April 2011. Under those actions, the four servicers were required to retain independent consultants to review foreclosures that were initiated, pending, or completed during 2009 or 2010. The review is intended to determine

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Federal Reserve Approves Capital One Acquisition Deal

By / / Press Releases / 4 minutes of reading

Federal Reserve Approves Capital One Acquisition of ING Direct USA Washington, DC — The Federal Reserve today approved Capital One’s bid to purchase ING Direct with no meaningful conditions. The National Community Reinvestment Coalition (NCRC) and hundreds of organizations nationwide opposed the acquisition because it will make Capital One more systemically risky, while not creating

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Robosigning Settlement Step Towards Full Recognition of Extraordinary Harm to Homeowners & Economy

By / / Press Releases / 2 minutes of reading

Washington, DC — Today federal officials and state Attorneys General reached an agreement with five major lenders to settle claims stemming from “robosigning” and other servicing abuses. John Taylor, president & CEO of the National Community Reinvestment Coalition (NCRC) made this statement: “The settlement recognizes that all homeowners have been damaged by widespread abuses in

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Congress Must Act on President Obama’s Housing Proposals

By / / Press Releases / 2 minutes of reading

Washington, DC — The National Community Reinvestment Coalition (NCRC) today made this statement regarding measures the Obama administration is proposing to help the ailing housing market: “If there is a problem with the President’s plan, it’s that Congress must approve it. The President has put forward some very sensible proposals to ensure that the housing market

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State of the Union: As Homeowners Go, So Goes the Economy

By / / Press Releases / 2 minutes of reading

Washington, DC — The National Community Reinvestment Coalition (NCRC), the nation’s preeminent advocacy group for fair lending and housing, commends President Obama’s call to resuscitate the housing market expected in his annual State of the Union speech. John Taylor, NCRC President and CEO, said: “The weakness of the market since the 2008 crash continues to

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NCRC Broadens Movement for Economic Security on Behalf of Older Adults

By / / Press Releases / 4 minutes of reading

 Organizations Funded to Empower, Organize and Support Older Adults

Washington, DC —  The National Community Reinvestment Coalition (NCRC) today announced five new awardees in a multi-year campaign to empower, organize and support economically vulnerable older adults. The announcement expands NCRC’s commitment to the financial well being of older Americans, following the launch in 2011 of National Neighbors Silver, a national campaign to safeguard the financial security of today’s seniors and future retirees.

“Today’s older adults are working longer and living on less. For some, retirement is but a distant dream, while others face the challenge of stretching their savings or going back to work. Seniors are often left to navigate these challenges on their own. Through National Neighbors Silver, NCRC is deepening the capacity of community-based organizations to help older adults achieve economic security, moving from ‘you’re on your own’ to ‘we’re all in it together’.” said John Taylor, President and CEO of NCRC.

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National Neighbors Silver Partners

By / / Uncategorized / 1 minute of reading

NCRC is proud to support ten of its member organizations in the creation of grassroots organizing movements to build economic security and preserve wealth for vulnerable older adults. Our National Neighbors Silver partners are empowering and supporting older leaders in their communities and participating in advocacy at federal, state and local levels. Causa Justa: Just

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National Neighbors Silver

By / / Uncategorized / 3 minutes of reading

The rapid aging of our population demands a national dialogue on what it takes for today’s seniors and future retirees to live with dignity and economic security. NCRC believes that access to quality banking services and adequate housing options is fundamental to aging in place. National Neighbors Silver is a multi-year campaign to empower, organize

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NCRC Supports Appointment of Richard Cordray to Head the CFPB

By / / Press Releases / 2 minutes of reading

Obama Appoints Protector of the Taxpayer Interest Washington, DC — President Obama will today use his constitutional authority to recess appoint former Ohio Attorney General Richard Cordray to head the Consumer Financial Protection Bureau (CFPB). In 2010, the National Community Reinvestment Coalition (NCRC) gave Cordray its Henry B. Gonzalez Award for outstanding public service, noting that

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Please Join Us in 2012

By / / Uncategorized / 3 minutes of reading

Your Support is Important to Us   When 2011 began, we didn’t know we would embark on one of the most important campaigns in NCRC’s history. And when Capital One filed its application with the Federal Reserve to acquire ING Direct in July, they didn’t know what was about to come their way. We investigated.

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Senators Vote for Wall Street, Against the American People

By / / Press Releases / 2 minutes of reading

Senate Blocks Qualified Nominee Washington, DC — The National Community Reinvestment Coalition (NCRC) today issued the following statement after the Senate failed to secure cloture on the nomination of Richard Cordray to head the Consumer Financial Protection Bureau. NCRC President & CEO John Taylor: “Shame on those Senators who have blocked Richard Cordray’s nomination. The

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