English, Article edition: The CRA and subprime lending Community Affairs Office

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Bookmark: http://trove.nla.gov.au/version/161635
Physical Description
  • article
Language
  • English

Edition details

Title
  • The CRA and subprime lending
Author
  • Community Affairs Office
Physical Description
  • article
Notes
  • The Community Reinvestment Act (CRA) has been under much scrutiny amid the subprime lending bust. Critics of the CRA contend that the law pushed banking institutions to undertake high-risk mortgage lending. A Federal Reserve Board staff analysis finds that the CRA was neither a source nor driver of the housing market's collapse. In this issue, we examine the CRA and its role in the mortgage market and distinguish it from causes of the subprime failure.
  • Community Reinvestment Act of 1977 ; Subprime mortgage ; Subprime market
  • RePEc:fip:feddpe:y:2009:p:3-7:n:1
Language
  • English
Contributed by
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