Journal Article
Check clearing in the 21st Century: where are my checks?
Hatcher, Desiree (2005-03)
Financial institutions are understandably concerned with the technological and procedural implications of Check 21, but smoothing the transition with customers ultimately may prove to be the key challenge. Millions of people still use paper checks and won?t be happy to find facsimiles returned in their monthly statements.
Profitwise , Issue Mar , Pages 12-15

Journal Article
Health Care is Community Reinvestment: Examples from the Mental Health Field
Hatcher, Desiree; Williams, Marva (2017)
This article examines several case studies of mental health clinics and their relationships with financial institutions for CRA purposes.
Profitwise , Issue 1 , Pages 11-15

Journal Article
Detroit Tackles the Issue of Blight
Hatcher, Desiree (2015)
Detroit?s population has been in decline for decades and this trend is expected to continue. The Southeast Michigan Council of Government?s (SEMCOG) forecasts for the city predict that the population will fall from the 2010 Census figure of 714,000 to 610,000 by 2030?far from the city?s peak population of over 1.8 million in the early 1950s.
Profitwise , Issue 1 , Pages 5-9

Journal Article
Foreclosure alternatives: case for preserving homeownership
Hatcher, Desiree (2006-02)
Residential foreclosures have become a growing concern in the lending industry. GMAC-RFC (Residential Funding Corporation), America?s largest private issuer of mortgage-backed securities and a leading warehouse lender, estimates that it loses over $50,000 per foreclosed home. According to the U.S. Census Bureau?s statistical abstracts, the number of nonfarm mortgage loans in foreclosure at year-end 2003 (the latest year for which information is available) was over 500,000. This translates into $25 billion in foreclosure cost for lenders. ; Of course, lenders are just one stakeholder in the ...
Profitwise , Issue Feb , Pages 2-5

Journal Article
A Look at Detroit's Affordable Housing Market
Hatcher, Desiree (2017)
The foreclosure crisis had a significant impact on Detroit's home ownership rates. The 2000 and 2010 censuses indicate that the homeownership rate in Detroit was 54.9 percent and 51.1 percent, respectively. According to the 2011-2015 American Community Survey 5-Year Estimates, the current rate is below 50 percent. Detroit now has more renters than homeowners. As more residents move from homeownership, increased focus is being placed on the city?s rental housing market and the findings are not entirely favorable.
Profitwise , Issue 2 , Pages 4-7

Journal Article
Detroit’s Proposed Community Benefits Ordinance
Hatcher, Desiree (2015)
The Community Benefit Agreement (CBA) model was created in the late 1990s as a tool to ensure that neighborhood residents would benefit from economic development projects, which are often heavily subsidized by taxpayer dollars. A CBA is a project-specific agreement between a developer and a broad community coalition that details the project?s contributions to the community and ensures community support for the project. Properly structured CBAs are legally binding and directly enforceable by the signatories. According to The Partnership for Working Families, the Community Benefits Model works ...
Profitwise , Issue 3 , Pages 4-8

Journal Article
Leveraging opportunities to promote community reinvestment
Hatcher, Desiree (2011-09)
The Community Reinvestment Act (CRA) is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound operations. The CRA performance impacts banks and the communities they serve. CRA requirements are embedded in the chartering of financial institutions; and CRA performance ratings are considered in the approval, denial, or conditioning of applications for such activities as branching, consolidation, or acquisitions. Therefore, CRA provides a powerful ...
Profitwise , Issue Sep , Pages 7-13

Journal Article
Community Land Trust Model: Opportunities and Challenges of Preserving Affordable Housing
Hatcher, Desiree (2016)
At least a dozen low-income apartment buildings exclusively for seniors in Detroit?s midtown and downtown areas could convert to market rate apartments in the next ten years, forcing hundreds of seniors to find new homes. Many of the senior apartment buildings were filled in the 1980s when few people wanted to live downtown. Senior subsidies paid by the U.S. Department of Housing and Urban Development (HUD) comprise one way to keep a level of density in the central districts. Today, stories of young professionals unable to find affordable housing in these high-profile neighborhoods (known as ...
Profitwise , Issue 2 , Pages 18-23

Journal Article
Participatory Budgeting: Enhancing Community Reinvestment through Public Engagement
Hatcher, Desiree (2016)
Community engagement is not an easy task. This is especially true in communities with historically underrepresented and underserved populations who do not feel connected to the planning process. However, some municipalities across the country are finding success through the use of participatory budgeting.
Profitwise , Issue 3 , Pages 25-28