The fresh new silver lining of, In my opinion, is within terms of CRA. Setting aside this new predatory credit for a moment, how come subprime lending feeling reduced-money minority areas?
Inside my opening report, We remember that the new Treasury have ended a look at CRA and you can pointed out almost an one half-mil dollars during the mortgage loans to low- and you may reasonable-income borrowers, it is therefore working
Inside working on the project, with respect to starting the newest subprime business, the truth is its permitting, I think, low-earnings and you can fraction neighborhoods. Read More
