The Community Reinvestment Act was enacted to encourage banks to help meet the credit needs in the communities in which they do business, especially low- and moderate-income communities. Join MBA Education and industry experts on Nov. 28 for an in-depth discussion on the primary changes Agencies made to the NPR in the final regulations.
Tag: Community Reinvestment Act
Breaking Advocacy Update: Federal Banking Agencies Issue Final Rule on the Community Reinvestment Act
Yesterday, the Federal Reserve Board, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. released a final rulemaking to reform and align each agency’s Community Reinvestment Act (CRA) framework that depository banks must comply with.
Modex’s Dale Larson III: Beyond CRA–Five Reasons the Mortgage Industry Should Leverage Data on Population Diversity, Minorities and Underserved Communities
While compliance with CRA regulations continues to be a major priority, financial institutions must recognize the importance of diversity, minority inclusion and support for underserved communities as a critical component of their overarching strategy.
Modex’s Dale Larson III: Beyond CRA–Five Reasons the Mortgage Industry Should Leverage Data on Population Diversity, Minorities and Underserved Communities
While compliance with CRA regulations continues to be a major priority, financial institutions must recognize the importance of diversity, minority inclusion and support for underserved communities as a critical component of their overarching strategy.
Modex’s Dale Larson III: Beyond CRA–Five Reasons the Mortgage Industry Should Leverage Data on Population Diversity, Minorities and Underserved Communities
While compliance with CRA regulations continues to be a major priority, financial institutions must recognize the importance of diversity, minority inclusion and support for underserved communities as a critical component of their overarching strategy.
Modex’s Dale Larson III: Beyond CRA–Five Reasons the Mortgage Industry Should Leverage Data on Population Diversity, Minorities and Underserved Communities
While compliance with CRA regulations continues to be a major priority, financial institutions must recognize the importance of diversity, minority inclusion and support for underserved communities as a critical component of their overarching strategy.
Modex’s Dale Larson III: Beyond CRA–Five Reasons the Mortgage Industry Should Leverage Data on Population Diversity, Minorities and Underserved Communities
While compliance with CRA regulations continues to be a major priority, financial institutions must recognize the importance of diversity, minority inclusion and support for underserved communities as a critical component of their overarching strategy.
MBA/Urban Institute Report Finds IMB Lending to Minority Neighborhoods/Borrowers Exceeds Banks
A report by the Urban Institute, commissioned by the Mortgage Bankers Association, found independent mortgage bank lending to low- and moderate-income neighborhoods, predominantly minority neighborhoods and LMI predominantly minority neighborhoods is much higher than bank lending in those neighborhoods.
MBA/Urban Institute Report Finds IMB Lending to Minority Neighborhoods/Borrowers Exceeds Banks
A report by the Urban Institute, commissioned by the Mortgage Bankers Association, found independent mortgage bank lending to low- and moderate-income neighborhoods, predominantly minority neighborhoods and LMI predominantly minority neighborhoods is much higher than bank lending in those neighborhoods.
MBA Letter to Agencies Targets Topline CRA Issues
The Mortgage Bankers Association last week sent a letter to federal regulatory agencies, discussing several topline issues it says are crucial to improving the current Community Reinvestment Act framework.