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Community Reinvestment Act

Interagency CRA Workshop: This workshop presented jointly by the Federal Reserve Bank of Cleveland, the OCC and the FDIC will review the basics of the Community Reinvestment Act and the exam process. Read more

Saving Strategies & Innovations for Low-Income Households: Researchers, policymakers, and community leaders gathered to discuss cutting edge research and innovations in the field of low-income savings and asset building. The goal was to expand knowledge on savings behavior and attitudes among low- and moderate-income households and review the results from the field experiments of promising savings innovations. Read more

What you need to know: New rules about credit decisions and notices: Starting in 2011, many credit-seeking consumers will get more information about how their credit report or credit score can impact a lender's decision to grant credit and the terms under which credit is offered. Beginning January 1, new rules from the Federal Reserve and the Federal Trade Commission require lenders to provide new information to consumers under certain conditions. Read more

Saving Strategies & Innovations for Low-Income Households: Researchers, policymakers, and community leaders gathered to discuss cutting edge research and innovations in the field of low-income savings and asset building. The goal was to expand knowledge on savings behavior and attitudes among low- and moderate-income households and review the results from the field experiments of promising savings innovations. Read more

3Q:2012-Mortgage Lending Patterns: With the "foreclosure pipeline" still quite full, REO sales remain the most common exit for distressed loans in all Fourth District states. Shares are steady in West Virginia and Pennsylvania; Kentucky and Ohio, however, have seen a decline in REO sales over the same period and an increase in short sales. In the latest edition of our mortgage lending data brief, we examine trends in distressed loans and different paths to recovery. Read more

Facing the Foreclosure Crisis in Greater Cleveland: What Happened and How Communities are Responding (PDF)
Federal Reserve Bank of New York - Dynamic Mortgage Maps
Foreclosures on Non-Owner-Occupied Properties in Ohio’s Cuyahoga County: Evidence from Mortgages Originated in 2005-2006 (PDF)
See all Foreclosure

Rebuilding Communities: Lessons from the Cleveland Fed''s 2012 Policy Summit: The 2012 Policy Summit on Housing, Human Capital, and Inequality touched on a number of key issues in community development. The theme of this year's summit—our 10th annual—was strengthening and rebuilding communities. In short, what works and how do we know it? You can check out coverage of the Policy Summit in the summer issue of Forefront, the Cleveland Fed's policy journal. Articles focus on the shifting landscape of economic development, education reform, and how regional leaders are making decisions in today's environment. There's also an in-depth interview with keynote speaker Alex Kotlowitz. Read more

Rural Appalachia in the Fourth District States: Although not directly affected by the boom and bust of the housing market, Appalachia, and more specifically rural Appalachia, might be fighting the current recession's aftershocks for quite some time. This report examines the data to learn how Appalachians in these counties are currently faring. Have they lost what little ground they gained from the late 1970s to the early part of this decade? Read more

Cleveland Fed releases companion piece on banks'' management of REO properties: REO properties present challenges and risks not only to communities, but also to the banks that own them. In late June 2012, the Board of Governors released a Q&A for Federal Reserve-regulated institutions on managing REO properties. The Cleveland Fed, along with the Board of Governors, has prepared this companion primer on managing vacant residential property for stable neighborhoods. It contains information, resources, and suggestions from bankers on the risks, rights, and responsibilities involved in managing such properties — both before and after foreclosure. (PDF)

Rebuilding Communities: Lessons from the Cleveland Fed''s 2012 Policy Summit: The 2012 Policy Summit on Housing, Human Capital, and Inequality touched on a number of key issues in community development. The theme of this year's summit—our 10th annual—was strengthening and rebuilding communities. In short, what works and how do we know it? You can check out coverage of the Policy Summit in the summer issue of Forefront, the Cleveland Fed's policy journal. Articles focus on the shifting landscape of economic development, education reform, and how regional leaders are making decisions in today's environment. There's also an in-depth interview with keynote speaker Alex Kotlowitz. Read more

Issues & Insights: In an effort to identify and better understand key community development issues in our district, we surveyed community stakeholders in the third quarter about challenges facing the communities they serve. Among those who responded, availability of local employment opportunities topped the list of current concerns, followed by vacant and abandoned property and budget cuts at the state level. Read more