Mark Your Calendars for the Annual NCRC Conference
American economy isn’t truly healthy yet, but it’s healing; outlook for 2012 remains hazy
January 28, 2012 By:Washington Post
WASHINGTON — The American economy may not be truly healthy yet, but it’s healing. The 2.8 percent annual growth rate reported Friday for the fourth quarter was the fastest since spring 2010 and was the third straight quarter that...
Amid calls for tax fairness, government report shows federal workers owe $3.4B in back taxes
January 27, 2012 By:Washington Post
WASHINGTON — President Barack Obama has preached that all Americans should pay their fair share in taxes, but a government report finds that tens of thousands of federal employees — from staffers in Congress to federal agencies...
Dec. new home sales fall, 30-year mortgage rates rise
January 27, 2012 By:USA Today
Sales of new single-family homes fell 2.2% in December, ending the worst year on record for the real estate industry dating back to 1963. And 30-year fixed mortgage rates jumped to 3.98% from a record-low 3.88% for the week...
Why Romney, other wealthy investors, pay lower taxes on investments than they would on wages
January 27, 2012 By:Chicago Tribune
WASHINGTON (AP) — Why do Mitt Romney and other wealthy investors pay lower taxes on the income they make from investments than they would if they earned their millions from wages? Because Congress, through the tax code, has long...
Do FHA Mortgage Borrowers Still Face Credit Score Layering?
January 17, 2012 By:Our Broker.com
“The investigations,” said HUD, “are in response to 22 complaints the National Community Reinvestment Coalition (NCRC) filed with HUD alleging that the loan activities of the mortgage originators showed that their home lending...
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The Community Development Banking Listserv (CDBL)
The premier list serv for practitioners including Community Development Credit Unions, CD Banks, CDCs, CD Loan Funds, and non-profits involved in support. The discussions have ranged from the practical (construction, mortgage, and small business lending; job opportunities, conferences, fundraising) to legislative (CRA, HMDA, and CDFI) to the cutting edge (micro-loan funds, peer lending, local currency, targeting social impact). Click here for more info.
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Community Development
Fifth Third invests $200,000 in five community groups in Akron, Cleveland
(Published on January 27, 2012) By:Cleveland.com
CLEVELAND, Ohio -- Fifth Third Bank is awarding $200,000 in five Northeast Ohio non-profit community groups, the bank announced Thursday. The investments are going to three Cleveland-based groups: Esperanza Inc., Neighborhood...
More affordable housing becoming available locally
(Published on January 27, 2012) By:Dayton Daily News
Fully renovated and affordable homes for middle-income families are hitting Montgomery County’s housing market. In 2009, The Housing Source, a program of CountyCorp, started buying abandoned or foreclosed properties, mostly...
City to finance affordable housing projects through tax credits
(Published on January 27, 2012) By:Chicago Tribune
The city's Department of Housing and Economic Development has allocated $30 million in federal tax credits to help finance 41 affordable housing projects, Mayor Rahm Emanuel's administration said Thursday.
More Community Development NewsCommunity Reinvestment
Fifth Third invests $200,000 in five community groups in Akron, Cleveland
(Published on January 27, 2012) By:Cleveland.com
CLEVELAND, Ohio -- Fifth Third Bank is awarding $200,000 in five Northeast Ohio non-profit community groups, the bank announced Thursday. The investments are going to three Cleveland-based groups: Esperanza Inc., Neighborhood...
Vermont gets $21.6M for flood-damaged communities
(Published on January 23, 2012) By:CBS News
MONTPELIER, Vt. — Vermont learned Friday that it will get $21.6 million in emergency funds— three times more than many expected it would get from a federal program — to help rebuild Irene-damaged communities. The state is among...
Use federal reports to dig into lending practices by local banks
(Published on January 23, 2012) By:Business Journalism.org
When ING Direct bank decided to open a San Francisco “café,” Aaron Glantz of The Bay Citizen didn’t just focus on the “13 flat-screen televisions; beanbag chairs; a deli counter that sells coffee, cookies and sandwiches; and...
More Community Reinvestment NewsEconomy
American economy isn’t truly healthy yet, but it’s healing; outlook for 2012 remains hazy
(Published on January 28, 2012) By:Washington Post
WASHINGTON — The American economy may not be truly healthy yet, but it’s healing. The 2.8 percent annual growth rate reported Friday for the fourth quarter was the fastest since spring 2010 and was the third straight quarter that...
Amid calls for tax fairness, government report shows federal workers owe $3.4B in back taxes
(Published on January 27, 2012) By:Washington Post
WASHINGTON — President Barack Obama has preached that all Americans should pay their fair share in taxes, but a government report finds that tens of thousands of federal employees — from staffers in Congress to federal agencies...
Dec. new home sales fall, 30-year mortgage rates rise
(Published on January 27, 2012) By:USA Today
Sales of new single-family homes fell 2.2% in December, ending the worst year on record for the real estate industry dating back to 1963. And 30-year fixed mortgage rates jumped to 3.98% from a record-low 3.88% for the week...
More Economy NewsHousing
Dec. new home sales fall, 30-year mortgage rates rise
(Published on January 27, 2012) By:USA Today
Sales of new single-family homes fell 2.2% in December, ending the worst year on record for the real estate industry dating back to 1963. And 30-year fixed mortgage rates jumped to 3.98% from a record-low 3.88% for the week...
CNBC: Use Home Equity as Nest Egg for Retirement
(Published on January 27, 2012) By:Reverse Mortgage Daily
In these tough economic times, many retirees are looking for ways to guarantee income in their later years, and getting a reverse mortgage is one possibility, says a recent CNBC article.
Simply Money: Beware reverse mortgages
(Published on January 27, 2012) By:Cincinnati.com
As more baby boomers reach retirement age, the marketing drumbeat of products and services geared toward this generation will only intensify. The financial services industry is quick to recognize and tap any new potential source...
More Housing NewsLegislation / Regulatory
Amid calls for tax fairness, government report shows federal workers owe $3.4B in back taxes
(Published on January 27, 2012) By:Washington Post
WASHINGTON — President Barack Obama has preached that all Americans should pay their fair share in taxes, but a government report finds that tens of thousands of federal employees — from staffers in Congress to federal agencies...
Why Romney, other wealthy investors, pay lower taxes on investments than they would on wages
(Published on January 27, 2012) By:Chicago Tribune
WASHINGTON (AP) — Why do Mitt Romney and other wealthy investors pay lower taxes on the income they make from investments than they would if they earned their millions from wages? Because Congress, through the tax code, has long...
VWhy campaign spending rules hurt small business
(Published on January 27, 2012) By:CNN News
Two years ago, the Supreme Court upended the rules for campaign finance, unleashing a tsunami of unregulated, unrestricted and undisclosed spending that has, in effect, allowed donors to buy elections. The full impact of this...
More Legislation / Regulatory NewsFinancial Literacy
American economy isn’t truly healthy yet, but it’s healing; outlook for 2012 remains hazy
(Published on January 28, 2012) By:Washington Post
WASHINGTON — The American economy may not be truly healthy yet, but it’s healing. The 2.8 percent annual growth rate reported Friday for the fourth quarter was the fastest since spring 2010 and was the third straight quarter that...
Amid calls for tax fairness, government report shows federal workers owe $3.4B in back taxes
(Published on January 27, 2012) By:Washington Post
WASHINGTON — President Barack Obama has preached that all Americans should pay their fair share in taxes, but a government report finds that tens of thousands of federal employees — from staffers in Congress to federal agencies...
Dec. new home sales fall, 30-year mortgage rates rise
(Published on January 27, 2012) By:USA Today
Sales of new single-family homes fell 2.2% in December, ending the worst year on record for the real estate industry dating back to 1963. And 30-year fixed mortgage rates jumped to 3.98% from a record-low 3.88% for the week...
More Financial Literacy NewsSmall Business
Small Business Strategies: Year of the Dragon offers lessons - commentary
(Published on January 27, 2012) By:USA Today
It's the Year of the Dragon, considered the luckiest year in the Chinese zodiac, and it should be a great year for entrepreneurs and small business owners, according to what's predicted to affect you and your small business in...
VWhy campaign spending rules hurt small business
(Published on January 27, 2012) By:CNN News
Two years ago, the Supreme Court upended the rules for campaign finance, unleashing a tsunami of unregulated, unrestricted and undisclosed spending that has, in effect, allowed donors to buy elections. The full impact of this...
SBA Program Helps to Bridge the Small Business Gap
(Published on January 26, 2012) By:US SBA
The U.S. Small Business Administration's national network of Small Business Development Centers (SBDCs) plays an essential role in the economic development of their states and local communities through their direct, face-to-face...
[more] More Small Business News
