Posted by admin in : Advocacy, Members, Research, Resources ,
With stimulus funding creating new transit projects across the country, now may be a great time to use innovative methods for funding development around transit, say Nadine Fogarty and Gloria Ohland of the Center for Transit-Oriented Development. Portland and Denver are just two communities that have seen property values rise around rail. Read Full Story [...]
Posted by admin in : Advocacy, Anti-Predatory Lending Initiative, Research, Resources ,
In a recent interview with the Federal Reserve Bank of Atlanta on the future of the housing market, National Community Reinvestment Coalition Chief Operating Officer Jim Carr responded to questions about which housing policies would best meet the challenges presented by the foreclosure crisis. The following excerpts discuss measures to address the destabilization of housing [...]
Posted by admin in : News, Research, Resources ,
Comptroller of the Currency John Dugan said he categorically disagrees with suggestions that the Community Reinvestment Act is partly responsible for the ongoing credit crisis. “CRA is not the culprit behind the subprime mortgage lending abuses, or the broader credit quality issues in the marketplace,” Mr. Dugan said in a speech to the [...]
Posted by admin in : Anti-Predatory Lending Initiative, Research, Resources ,
Even in this time of economic and financial chaos, there seems to have emerged a bit of conventional wisdom here in southwestern Pennsylvania that the regional housing market isn’t so bad.
After all, the number of foreclosures here has dropped for two consecutive months and 2008 looks about on pace with 2007. There are plenty of [...]
Posted by admin in : Research, Resources ,
As many of the biggest U.S. banks continue to pare back their mortgage lending, some financial institutions see global financial turmoil as an opportunity to pick up market share. The eight largest mortgage lenders, as measured by total volume in the first nine months of 2008, reported declines in originations from a year earlier, according [...]
Posted by admin in : Anti-Predatory Lending Initiative, News, Research ,
Slowing sales and a worsening national economy are a storm cloud threatening the blue skies that homeowners in the South Hills have been enjoying. Yes, the housing slump in other parts of the nation may be slowly edging its way here.
The most recent home sales figures available are for September, reported by RealSTATs, a real [...]
Posted by admin in : News, Research ,
The number of Pennsylvania homeowners falling behind on mortgage payments fell for a second straight month in October, according to new figures released today. However, the figures from RealtyTrac Inc. show that foreclosure filings in Pennsylvania last month were about 26 percent above the number of filings recorded in October 2007, a little higher than [...]
Posted by admin in : News, Research, Resources ,
A combination of weak housing sales, tighter lending and a slowing economy is putting a drag on residential home values throughout Pennsylvania. Home prices in 15 of the state’s 16 metropolitan areas are in a downward trend, according to a new report from the Keystone Research Center in Harrisburg. Inflation-adjusted home prices in Pennsylvania fell [...]
Posted by admin in : Research, Resources ,
On September 11, 2008, the National Community Reinvesment Coalition (NCRC) said that new data released by the Federal Reserve Board suggests that risky lending practices and a lax regulatory environment contributed to an unsafe and unsound marketplace and a decrease in credit availability in 2007. The data indicates that credit has been significantly reduced, as [...]
