Along with other community and housing groups, the National Community Reinvestment Coalition has been pushing the White House and Congress to require banks to reduce mortgage principals to stop foreclosures. Doing so will help revive the economy, protect neighborhood property values and, most importantly, keep families in their homes.

In...

If Washington is serious about addressing job creation, the White House and Congress should support the expansion of a 33-year-old law, the Community Reinvestment Act (CRA), legislation that has invested over a trillion dollars into our economy during the past decade.

And, they don't have to spend a...

As the Administration prepares to address the role that Fannie Mae and Freddie Mac will play in the housing market going forward, we should remember that homeownership is not a four-letter word.

Before Wall Street ravaged our economy by aggressively marketing bad loans...

Bad economic news has dominated the headlines continuously since at least the spring of 2007: rising foreclosures, growing job loss, dwindling college and retirement accounts, declining tax revenues, government layoffs and cutbacks, timid investigations, rambling congressional hearings, excuses from the Wall Street crowd and their federal regulators.

Now as

In the 1990s, the National Community Reinvestment Coalition took a position that very few groups dared to take. We criticized Fannie Mae and Freddie Mac for not doing enough with their financial success to help traditionally underserved people, many of whom qualified for mortgages but had been prevented...

Pay No Attention to the Banker Behind the Curtain: Why the Republican "Alternative" Leaves Wall Street Pulling the Strings
By John Taylor

I've a feeling we're not in Kansas anymore, Toto. The battle over Wall Street reform oddly resembles a scene from the Wizard of Oz: given that we...

Tonight, Senator Chris Dodd will bring his financial reform proposal before the Senate Banking Committee, of which he is Chairman. While his proposal is a significant compromise from the version he proposed in November, those compromises haven't stopped Republicans from attacking the bill with a flurry of amendments. The fact...

It was only a month ago that President Obama's tough talk about financial reform inspired us to hope for measures to protect taxpayers from future Wall Street shenanigans. Despite high unemployment, rising foreclosure rates and other lackluster economic indicators, Congress believes serious financial reform is not needed, and...

It was music to my ears listening to President Obama talk tough to the financial sector. My organization, the National Community Reinvestment Coalition, publicly commended him for his remarks. Not surprisingly, the financial lobby didn't like his "turn in tone," and the banks still have a great deal of power...

In 2007, the housing bubble popped. That event, and the credit crisis and recession that followed, unsettled even the most seasoned economic and political observers in Washington, DC. Yet the capacity of Beltway pundits' for reimagining history is without compare, so much so that they no longer wait for a...

Some people may not like them, but we've got very detailed plans to help the banks, create jobs and improve health care. But where's the plan to help families facing foreclosures? What's the air date for the primetime address on how to prevent potentially over a million families from losing...

Look out! I can see them coming, marching down the halls of Congress with campaign checks in their back pockets, cutting "I'll scratch your back, if you'll scratch mine" deals, and hiring expensive PR firms to spin their message.

As soon as the lobbyists representing the industry that brought us...