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Cra LoansWhy blame the Community Reinvestment Act? When 80% of home loans were outside the jurisdiction of the CRA?

Half of the loans originated under the First bank without intervention by the CRA, and 25 to 30% came from banks with the participation of the CRA that very little.


Second, non-CRA mortgage firms made subprime loans at twice the rate of companies CRA-covered.

Because all America does nothing but complain.

Because 90% of seizures were loans that were made because of the CRA.

There is not a bank without the involvement of the CRA. It would be like a credit report without commitment Fair Credit Reporting Act. They are ALL subject to federal law.

In case you have not noticed, the Republicans like to blame the problems on minorities.

You are wrong. The foreclosure rates are much higher for CRA loans.

Posted on February 9, 2010.
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