Submitted by Jake Blumgart on May 17, 2010 - 8:44pm
Date Published:
Mon, 05/17/2010
Lei Ding, et all. The Center for Responsible Lending. May 17, 2010.
“Risky Borrowers or Risky Mortgages” attempts to determine whether loans orgininated under the Community Reinvestment Act or subprime loans are riskier. They find that CRA loans tend to carry a significantly lower risk of default than their subprime counterparts.
Issues: