Reverse Mortgage Danger Signals

August 24, 2010 By: Frank J. Kautz, II, Community Service Network, Inc.

Reverse mortgages, as useful as they are, can be misused as well. These are some, not all, of the danger signals that are possible with these loans. The single biggest danger signal is someone pressuring you to take the loan or to make an immediate decision for any reason other than protecting your...

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Struggling homeowners turn to Obama program

August 23, 2010 By: FDL Reporter.com - WI

WASHINGTON -- Perhaps it was the phone call to her congressman that finally secured the payment reduction Green Bay homeowner Michele Beyer had been seeking to ward off foreclosure. Suffice it to say, Beyer credits Rep. Steve Kagen, D-Appleton, as she recalls her experience with President Barack Oba...

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Taylor: Four Ways to Fix Fannie and Freddie

August 18, 2010 By: John Taylor, president & CEO NCRC - CNBC

As the Obama administration hosts a conference of a select group of housing experts on Tuesday to address the role that Fannie Mae and Freddie Mac will play in the housing market, we should remember that homeownership’s promise was ruined by Wall Street’s recklessness, not by federal policy.

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U.S. role at heart of housing debate

August 18, 2010 By: Washington Post

Top Obama administration officials opened a conference on the future of housing by making clear Tuesday they are considering a limited range of options that would reduce but not eliminate the government's role as a provider of funding for home loans.

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CRA Hearing in Los Angeles to be Available For Online Viewing

August 16, 2010 By: Board of Governors of the Federal Reserve System

WASHINGTON — Online viewing will be available for a public hearing Tuesday in Los Angeles on modernizing the regulations that implement the Community Reinvestment Act (CRA).

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Obama's housing reform panel angers affordable-housing advocates

August 13, 2010 By: Washington Post

"Apparently being a community organizer qualifies you to be president, but it's not good enough to be part of HUD and Treasury's think tank on housing," said NCRC chief executive John Taylor, whose group works with hundreds of community organizations to promote access to financial services for low- ...

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Next CRA Hearing on August 12th In Chicago

August 10, 2010 By: Federal Reserve

The federal bank and thrift regulatory agencies (the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Comptroller of the Currency, and the Office of Thrift Supervision) are holding a series of public hearings on modernizing the regulations that impleme...

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How Financial Reform Affects Home Buyers

August 4, 2010 By: US News and World Report

The interface with a broker or a lender won't change," says John Taylor, the head of the National Community Reinvestment Coalition. "It's just what the broker and lender is offering will be screened to protect the consumer from getting bad loans."

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Does CRA Small Business Lending Increase Employment:An Examination on a County Level

July 30, 2010 By: National Community Reinvestment Coalition

Small businesses are the driving force behind job creation, yet many struggle to find the capital they need to survive and grow. Women and minority-owned businesses face additional impediments. Today, we’re pleased to announce a new NCRC study, “Does CRA Small Business Lending Increase Employment: a...

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CRA - Ensuring Access to Credit and Capital for Small Businesses and Responsible Homeowners

July 29, 2010 By: John Taylor, Pres. & CEO, National Community Reinvestment Coalition

Arlington, VA- At the first of four hearings, the National Community Reinvestment Coalition (NCRC) told four federal bank regulators that the Community Reinvestment Act has been a model for responsible lending, and should be enforced more effectively and expanded. Growing concern with the contractio...

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