Community Reinvestment Act Did Not Fuel the Subprime Crisis

Date Published: 
Mon, 01/07/2008

 Traiger & Hinckley LLP. January 7, 2008. 

A Welcome Anomaly in the Foreclosure Crisis” finds that banks specializing in Community Reinvestment Act loans “were substantially less likely than other lenders to make the kinds of risky home purchase loans that helped fuel the foreclosure crisis”.