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5 Interesting Facts about the FFIEC List of Distressed and Underserved Census Tracts
Each year, the FFIEC releases a list of Distressed and Underserved Nonmetropolitan Middle-Income Census Tracts (link). Community Reinvestment Act guidance (see, for example, this link) illustrates the emphasis that bank regulators place on these tracts. As a lender, you might be interested in learning more about the current lending activity in these census tracts. In…
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Trends in troubled places
Much has been written in this blog about the use of LendingPatterns™ in uncovering loan production opportunities (for example, here). Within metro areas, activity levels can change so drastically over time that you need a fast and easy way to create trend analysis. Curious LendingPatterns™ users, especially those researching performance context for Community Reinvestment Act self-assessments,…
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Lenders Want to Make More Loans
All lenders in the home mortgage lending business want to make more loans. That’s why they are in business. Many lenders do a good job planning and executing outreach strategies to make loans to everyone. However, some lenders do a better job than other lenders in making credit available to underserved borrowers. As a retail…