Working Paper on Home Foreclosure Prevention Financing Models
National Community Investment Fund (NCIF) is pleased to release a Working Paper on Home Foreclosure Prevention Financing Models. As we go through the current financial crisis, a number of us are working hard to provide solutions to help at-risk customers stay in their homes. The objective of our work is to provide summaries of products and strategies that are being provided by financial institutions - banks, thrifts, credit unions, non-depositories, federal agencies and home loan banks. These products access different pots of money in a very creative and innovative manner.
We hope that there will be two possible outcomes of this:
1. Replication: that these products and strategies will be replicated in other locales by other financial institutions so that many more customers will be supported.
2. Product Development: that other products and strategies will be provided to us/the industry on work that is being done. This is not an exhaustive list of products and hence please do send us your comments and additions to this paper.
Social Performance Metrics - White Paper
The National Community Investment Fund is proud to announce the release of a white paper detailing the development and use of the NCIF Social Performance Metrics. The paper, NCIF Social Performance Metrics: A Quantitative Approach to Measuring the Social Impact of Banks and Thrifts, and to Investing Capital in the Community Development Banking Sector, provides background on the creation of a consistent, verifiable and cost-effective measure of the social impact of commercial banks.
For more information about the Social Performance Metrics, please feel free to contact us. To use our searchable database containing financial and social performance information on all domestic banks and thrifts, please visit this link.
Annual Report of CDFI Bank Industry
As part of NCIF’s mission of supporting Community Development Financial Institutions, we are proud to present this report detailing the trends within the Community Development Financial Institution (CDFI) banking industry (for this report, we will use the word bank to refer to both banks and thrifts). The 2007 Annual Financial and Social Performance of the CDFI Banking Sector, highlights and commemorates the growth and community development activity of CDFI banks.
The information contained in the following report outlines the commitment and activity that make CDFI banks attractive targets for socially responsible and mainstream investors that are interested in financial return, social performance and the building of sustainable communities. For further information on CDFI banks and to learn more about NCIF, please feel free to contact us.
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