Comments on: Redlining Redux http://washingtonindependent.com/1346/redlining-redux National News in Context Fri, 27 Nov 2009 19:13:41 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: miriamaxellute http://washingtonindependent.com/1346/redlining-redux/comment-page-1#comment-3751 miriamaxellute Thu, 17 Jul 2008 16:09:42 +0000 http://www.washingtonindependent.com.php5-9.websitetestlink.com/?p=1346#comment-3751 The idea that the CRA is responsible, even in part, for the subprime meltdown is refuted soundly by the excellent and far-too-little-known study published by Traiger Law called "The Community Reinvestment Act: A Welcome Anomaly in the Foreclosure Crisis." (link below). It shows that neighborhoods served by more CRA-regulated banks did far better in terms of foreclosures, even though they made more loans to low-income people. So it is possible to do "subprime" lending responsibly, without it veering into high-cost and predatory lending--and on average it was the CRA-regulated banks that were doing it right.<br><br><a href="http://www.traigerlaw.com/publications/traiger_hinckley_llp_cra_foreclosure_study_1-7-08.pdf">http://www.traigerlaw.com/publications/traiger_...</a> The idea that the CRA is responsible, even in part, for the subprime meltdown is refuted soundly by the excellent and far-too-little-known study published by Traiger Law called “The Community Reinvestment Act: A Welcome Anomaly in the Foreclosure Crisis.” (link below). It shows that neighborhoods served by more CRA-regulated banks did far better in terms of foreclosures, even though they made more loans to low-income people. So it is possible to do “subprime” lending responsibly, without it veering into high-cost and predatory lending–and on average it was the CRA-regulated banks that were doing it right.

http://www.traigerlaw.com/publications/traiger_...

]]> By: miriamaxellute http://washingtonindependent.com/1346/redlining-redux/comment-page-1#comment-1124 miriamaxellute Wed, 31 Dec 1969 19:00:00 +0000 http://www.washingtonindependent.com.php5-9.websitetestlink.com/?p=1346#comment-1124 The idea that the CRA is responsible, even in part, for the subprime meltdown is refuted soundly by the excellent and far-too-little-known study published by Traiger Law called "The Community Reinvestment Act: A Welcome Anomaly in the Foreclosure Crisis." (link below). It shows that neighborhoods served by more CRA-regulated banks did far better in terms of foreclosures, even though they made more loans to low-income people. So it is possible to do "subprime" lending responsibly, without it veering into high-cost and predatory lending--and on average it was the CRA-regulated banks that were doing it right. http://www.traigerlaw.com/publications/traiger_hinckley_llp_cra_foreclosure_study_1-7-08.pdf The idea that the CRA is responsible, even in part, for the subprime meltdown is refuted soundly by the excellent and far-too-little-known study published by Traiger Law called “The Community Reinvestment Act: A Welcome Anomaly in the Foreclosure Crisis.” (link below). It shows that neighborhoods served by more CRA-regulated banks did far better in terms of foreclosures, even though they made more loans to low-income people. So it is possible to do “subprime” lending responsibly, without it veering into high-cost and predatory lending–and on average it was the CRA-regulated banks that were doing it right.

http://www.traigerlaw.com/publications/traiger_hinckley_llp_cra_foreclosure_study_1-7-08.pdf

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