http://www.foundingbloggers.com/wordpress/2009/09/democrats-move-to-expand-tools-that-made-acorn-famous/ In order to form a more perfect blog Tue, 29 Nov 2011 20:18:53 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.foundingbloggers.com/wordpress/2009/09/democrats-move-to-expand-tools-that-made-acorn-famous/comment-page-1/#comment-65370 samson Thu, 22 Oct 2009 18:58:47 +0000 http://www.foundingbloggers.com/wordpress/?p=5882#comment-65370 That's just not true. One, CRA doesn't tell bankers what loans to make. That's in the original language of the bill. Regulators told the banks to have "CRA your way," but that is because the law leaves up to banks to allocate credit as they prefer. About underwriting - the truth is that CRA loans have outperformed their peers. Those loans were only made by banks & thrifts, remember? It was the subprime lenders that weren't covered by CRA. CRA only only looked at the share of LMI loans on a small segment of the mortgage market - one in sixteen mortgage loans according to the University of Chicago. Here's some basic explanation for you. http://bit.ly/hDweT That’s just not true.
One, CRA doesn’t tell bankers what loans to make. That’s in the original language of the bill. Regulators told the banks to have “CRA your way,” but that is because the law leaves up to banks to allocate credit as they prefer.
About underwriting – the truth is that CRA loans have outperformed their peers. Those loans were only made by banks & thrifts, remember?
It was the subprime lenders that weren’t covered by CRA.
CRA only only looked at the share of LMI loans on a small segment of the mortgage market – one in sixteen mortgage loans according to the University of Chicago.
Here’s some basic explanation for you.
http://bit.ly/hDweT

]]> http://www.foundingbloggers.com/wordpress/2009/09/democrats-move-to-expand-tools-that-made-acorn-famous/comment-page-1/#comment-59199 Founding Blogger Fri, 18 Sep 2009 21:23:12 +0000 http://www.foundingbloggers.com/wordpress/?p=5882#comment-59199 Uh...thanks Frank. Uh…thanks Frank.

]]> http://www.foundingbloggers.com/wordpress/2009/09/democrats-move-to-expand-tools-that-made-acorn-famous/comment-page-1/#comment-59197 Frank Fri, 18 Sep 2009 21:17:52 +0000 http://www.foundingbloggers.com/wordpress/?p=5882#comment-59197 Uh...that's counsel, not council. Uh…that’s counsel, not council.

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