Decent history of the housing crisis and the impact of CRA

Re: Community Reinvestment Act from Wikipedia. Scary words if you are bank president… The CRA mandates that each banking institution be evaluated to determine if it has met the credit needs of its entire community. …regulations for the CRA were strengthened by focusing the financial regulators’ attention on institutions’ performance in helping to meet communityContinue reading “Decent history of the housing crisis and the impact of CRA”