Community Reinvestment Act's Loans Not So Risky

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.