“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: "mortgage securitization"
February 21, 2011 09:39
Geithner’s Failed Makeover
Unfortunately the housing market will remain in government control for years to come and another real estate crisis will inevitably occur.
December 31, 2010 08:19
How Government Failure Caused the Great Recession
The interaction of six government policies explains the timing, severity, and global impact of the financial crisis.
