“There is a clear pattern of increased defaults for loans made by these banks in quarters around the (CRA) exam. Moreover, the effects are larger for loans made within CRA tracts,” or predominantly low-income and minority areas. – IBD
Post Tagged with: "home mortgage scandal"
October 4, 2011 06:47
Fannie Mae Had Proof Of Robo-Signing Five Years Ago And Did Nothing
Fannie officials said they told a government official about the law firm’s findings in 2006. That unnamed official, who now works for Fannie’s regulator, the Federal Housing Finance Agency, said he couldn’t recall the conversation, the report says.
August 12, 2011 05:16
History Doesn’t Repeat it Rhymes Again
Today crony capitalists and the politicians who advance and protect them have brought our economy to the brink of disaster. Once again after brutal investigations and maximum exposure no one has been expelled from the corridors of power and no one has been prosecuted.
