Everybody is finding fault with the economy these days. When it doesn’t grow quickly enough, business leaders complain, then President Obama announces he is refocusing on the economy yet again. When job growth appears to pick up, as it did last week, investors flee from stocks fearing rising interest rates. It often …
Help Prevent Foreclosures and Stabilize the Economy
The Community Reinvestment Act (CRA) is a law which currently covers only some loans. FACT: Only 6% of subprime mortgage lending consisted of loans covered by the CRA. FACT: The other 94% of subprime mortgage lending was not covered by the CRA. FACT: Federal regulators are considering expanding CRA to …