Community Reinvestment Act of 1977?

These laws include the Community Reinvestment Act, which promotes community credit needs.

To grow a bank you must fund loans. To fund a loan, you must have money. To have money in the bank, you must have depositors that provide that money. Before CRA was established, banks were...

What percentage who bought houses because this act that gave them affordable have defaulted on their paymnets?

Just before Jimmy's Community Reinvestment Act (CRA) came the Equal Credit Opportunity Act signed by Gerald Ford, pretaining to crediting and investing, the name says it all. Then directly leading to...

Yes, it was the beginning of sorrows. Later, circa 1995, Clinton required financial institutions to start providing data to ensure they were making these kind of loans. Up until this time, these...