The Community Reinvestment Act (CRA) is a law which currently covers only some loans. FACT: Only 6% of subprime mortgage lending consisted of loans covered by the CRA. FACT: The other 94% of subprime mortgage lending was not covered by the CRA. FACT: Federal regulators are considering expanding CRA to …
Perspectives on the Future of the Community Reinvestment Act, Federal Reserve Banks of Boston and San Francisco
Perspectives on the Future of the Community Reinvestment Act, Federal Reserve Banks of Boston and San Francisco February 2009. Download the report (PDF).