The Community Reinvestment Act: At the Root of the Mortgage Problem By DAMIAN KELLER

Original: The Community Reinvestment Act: At the Root of the Mortgage Problem By DAMIAN KELLER

While the Community Reinvestment Act (CRA) was a good intention when first enacted in 1977 to supply affordable mortgage loans to low-income people, it would seem that congressmen wanted to fiddle with it without the benefit of oversight.

Read ...