News

Risk Management Guidance for Higher Loan- to-Value Lending in Communities Targeted for Revitalization

On February 9, at the 2016 CRA Conference in Los Angeles the Comptroller of the Currency, Thomas Curry, announced a draft of a soon-to-be-published proposal to encourage banks to help revitalize "targeted" neighborhoods by engaging in higher loan-to-value mortgages.

2014 new MSA's affect tract income class of more than 2,600 census tracts

2014 new MSA's affect tract income class of more than 2,600 census tracts

Many bankers are now beginning to evaluate their 2014 CRA performance. One of the big "Performance Context" factors that may have affected your small business lending and HMDA-reported mortgages was the implementation of the new MSA's effective on January 1, 2014.

The new MSA's affected the income classification of thousands of census tracts resulting in a change in the income classification of 2,603 census tracts throughout the country!

Community Development Market Reports 2014

GeoDataVision has announced a new national version of its CRA Community Development Market Rank Report is available for free as a public service available on its website.

"There is such a need for Community Development Lending information and so few sources of that data we at GeoDataVision have decided to develop and release a new version of our Community Development Lending Reports", said GeoDataVision President Len Suzio.