NCRC Lending Analysis: 2013 DC Report

The National Community Reinvestment Coalition (NCRC) is an association of more than 600 community-based organizations that promote access to basic banking services, including credit and savings, to create and sustain affordable housing, job development, and vibrant communities for America’s working families.

NCRC prepared a report on lending in Washington, DC by six major banks: Bank of America, BB&T, Citigroup, JP Morgan Chase, PNC, and Wells Fargo. NCRC used 2011 Home Mortgage Disclosure Act (HMDA) data with the following specifications for Washington, DC: all single family prime lending, loans to owner-occupants, and first lien loans. The category of “all single-family loans” includes loans for home purchase, home improvement, and refinances. For the small business lending analysis, NCRC used small business originations reported as required by the Community Reinvestment Act (CRA).