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** Just News
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for August 26, 2021
News and views from the National Community Reinvestment Coalition. Find more at ncrc.org. For continuous updates, follow us on Twitter ([link removed]) , Facebook ([link removed]) and Instagram ([link removed]) .
** Announcements
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Browse Our Collection of Research and Reports
We have an extensive library of research and reports that dates back many years; now available in one convenient location! [View all ([link removed]) ]
Browse Our Collection of Racial Wealth Snapshots
Over the past two years, NCRC has put together a catalog of Racial Wealth Snapshots. [View all ([link removed]) ]
The Just Economy Pledge
Our economic and social fractures were devastating before COVID, and the pandemic was a painful reminder that inequality isn’t simply about how much stuff you have. It’s about life and death. [Read more ([link removed]) ]
** News
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NCRC Submits Comment Supporting HUD’s Proposed Disparate Impact Rule
The National Community Reinvestment Coalition (NCRC) today submitted a comment letter to the Department of Housing and Urban Development (HUD), applauding HUD for its proposed rule setting the standard for bringing disparate impact claims under the Fair Housing Act. Thirty-five state and local groups signed on in support of NCRC’s comment. [Read more ([link removed]) ]
** Policy
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NCRC, CRL, And NCLC File Joint Letter Opposing Acquisition Of Liberty Bank
The FDIC should reject the change in control application from KMD Partners to purchase Liberty Bank. This change in control would merge a bank that has not met the needs of its community with an online lender that has a record of issuing high-cost installment loans, led by individuals with experience in payday lending and rent-a-bank schemes. [Read more ([link removed]) ]
NCRC Comment On HUD’s Proposed Disparate Impact Rule
The National Community Reinvestment Coalition and the undersigned organizations would like to applaud the U.S. Department of Housing and Urban Development for this proposed rule, which would recodify the 2013 standard for disparate impact theory. [Read more ([link removed]) ]
** Research
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2020 HMDA Preliminary Analysis
In 2020, the HMDA data included over 25 million Loan Application Records (LAR). These applications resulted in 14.5 million loan originations, 5.2 million more loan originations than were reported in 2019. [Read more ([link removed]) ]
Massachusetts CRA for Mortgage Companies: A Good Starting Point for Federal Policy
By Josh Silver
Several affordable housing and civil rights organizations engaged in a multi-year advocacy campaign for expanding Massachusetts’ statewide Community Reinvestment Act (CRA) to include mortgage companies. [Read more ([link removed]) ]
** Resources
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Forum & Hub
NCRC members: Don't forget you have access to our forum ([link removed]) and member hub ([link removed]) ! Learn more about membership here ([link removed]) . You can join as an organization or an individual ([link removed]) .
2021 Fair Lending Tool
Use our interactive tool to produce a report on mortgages, small business lending and bank branch networks for any city, county or metro area in the nation. [Access the tool here] ([link removed])
NCRC COVID-19 Resource Page
We've compiled and are updating an index of COVID-19 resources for communities, small businesses, individuals and organizations that serve them, such as housing counseling agencies. [Read more] ([link removed])
TreasureCRA Page
CRA will be essential for COVID-19 economic recovery in the communities hardest hit by the pandemic. Use the tools on this page to reach your friends and local leaders. [Read more] ([link removed])
** In the News
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‘It’s All About Democracy and Housing.’ 8 Realtors Helping Black Sacramentans Buy Homes
By Marcus D. Smith, The Sacramento Bee
Homeownership rates dropped by more than 10% for California’s Black residents in 2021 and research done by the National Community Reinvestment Coalition found that Black homeownership has typically ranged between 42%-44% and never has it exceeded 50%. [Read more ([link removed]) ]
Racial Funding Gap Shows Black Business Owners Are Shut Out From Accessing Capital
By Eric Goldschein, Nerdwallet
A study by the National Community Reinvestment Coalition found that bank representatives at 32 bank branches in Washington, D.C. treated white and Black (as well as male and female) business owners who came in seeking a Paycheck Protection Program loan differently. [Read more ([link removed]) ]
As Mortgage Rates Hover Near Historic Lows, Will Americans be Able to Take Advantage of the Savings?
By Jacob Passy, MarketWatch
The National Community Reinvestment Coalition performed an analysis of federal Home Mortgage Disclosure Act data for 2020. They found that the share of refinance loans made to Black and Hispanic homeowners declined last year, suggesting that white and Asian homeowners disproportionately benefited from the refinance boom. [Read more ([link removed]) ]
** On Our Radar
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The Death of the Job
By Anna North, VOX
What if paid work were no longer the centerpiece of American life? [Read more ([link removed]) ]
What It Looks Like to Reconnect Black Communities Torn Apart by Highways
By Rachael Dottle, Laura Bliss and Pablo Robles, Bloomberg CityLab
Take any major American city and you’re likely to find a historically Black neighborhood demolished, gashed in two, or cut off from the rest of the city by a highway. This legacy of racist federal transportation policies continues to define the landscapes of urban spaces. [Read more ([link removed]) ]
The Secret Bias Hidden in Mortgage-Approval Algorithms
By Emmanuel Martinez and Lauren Kirchner, The Markup
Even accounting for factors lenders said would explain disparities, people of color are denied mortgages at significantly higher rates than White people. [Read more ([link removed]) ]
Support our work
Join the Just Economy Club, the network for individuals who support NCRC’s research, publishing, investigations, training, advocacy and programs.
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