low-income borrowers

When is this ever going to end? Conservative lawmakers are seizing on ACORN’s troubles to once again go after the Community Reinvestment Act, an anti-redlining law that somehow became a scapegoat for the housing crisis last year, the AP reports.
The 1977 Community Reinvestment Act was intended to end redlining, a practice in which banks in [...]

Media Matters weighs in on the topic we wrote about Tuesday on TWI — the fact that blaming low-income and minority borrowers for the housing crisis is picking up speed as reason for the cause of the housing crisis.
Conservatives are blaming the Community Reinvestment Act, an anti-redlining law, by saying it forced banks to make [...]