Friday, December 21, 2012

New Study Blames Community Reinvestment Act For Mortgage Defaults - Investors.com

 

Under Clinton's revised CRA, moreover, banks for the first time earned CRA credit for purchasing subprime securities.

A wave of these securitizations began in 1997, which also happens to mark the start of the housing bubble.

New Study Blames Community Reinvestment Act For Mortgage Defaults - Investors.com

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