CDCU News Briefs An e-publication from the Federation February 2013 In this Issue New Rules on Qualified Mortgages CDFI Fund Issues Interim Rules for CDFI Bond Program CU Journal …
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 …