Spring Conference Planning Committee Meeting:
Church of the Covenant
11205 Euclid Ave.
Cleveland, OH 44106
Who is the Ohio Fair Lending Coalition?
The Ohio Fair Lending Coalition is a collaboration of organizations across the state of Ohio banning together to address fair lending and banking issues.
With assistance and input from housing counselors and legal service offices who are on the front lines of trying to save people's homes, Ohio Fair Lending Coalition continues to push for change in public policy and industry practices related to mortgage modifications. In that regard, we appreciate you sharing your time, efforts, experience and opinions regarding this matter, as this is crucial to advancing the public debate on foreclosure prevention in a favorable direction and promoting greater public accountability.
We will share the results with you as well as any public policy changes that occur.
Link for Housing Counselors to Participate in Survey:
Thank you. Your participation is welcomed!
Recent work includes:
- The challenging of the merger of Sky Bank and Huntington
The challenge succeeding in preventing the loss of bank branches in
under-served areas that would be impacted by the merger.
- Participating in the research, development and publishing of
Paying More for the American Dream V, an annual publication
created in collaboration with seven fair lending and housing entities
across the US. 2010's fifth edition reviews refinancing data for
predominately white and communities of color.
- Hosting the annual Fair Lending Conference, of which 2010
brought the conference's 20th anniversary. The conference brings
together housing advocates from around the US to address issues of fair
housing and lending, trends and solutions.
Current work includes:
Organizing the Larchmere and Shaker Square communities to address the closure of the Larchmere and North Moreland Ohio Savings Bank branch.
Community members won a public meeting with the FDIC, New York Community Bank and Congresswoman Marcia Fudge to demand the return of their bank branch and to address other lending and servicing issues.
The lending and deposit data for Ohio Savings Bank shows only one refinance loan and no origination loans being made to a minority in Cuyahoga County (based on 2009 HMDA data). Data also shows the nation's 22nd largest bank holding company pays high salaries to their executives; strong dividends to investors; and has several billions on deposit in Cuyahoga County. Despite this, NYCB repays Cuyahoga County by closing bank branches. Comparison data of similar banks within Cuyahoga County show Ohio Savings Bank's poor reinvestment into the community- based on their deposits, they only loan 1.99% back into Cuyahoga County and .09% into the City of Cleveland.
Entities such as the City of Cleveland, City of Shaker Heights, Neighborhood Progress, Inc, Buckeye Area Development Corporation, and Shaker Square Area Development have rallied around these issues and written comment letters to the FDIC to be included with New York Community Bank's current CRA exam.
Submitted CRA comment letters:
City of Cleveland
Ohio Fair Lending Coalition
Support Letter submitted by:
Senator Nina Turner