fair housing: Who's to blame for current housing crisis?
- 07/27/09 06:11 AM
In the Albuquerque Journal Outlook Brandon Curtis wrote a good editorial explaining some of the issues that are being discussed about the current housing crisis. I quote: "There has been a lot of blame and a lot of partisan talking points regarding the housing crisis and the state of real estate in general today. One such talking point is that the 1977 Community Reinvestment Act (CRA) somehow forced lenders to make bad loans to consumers with poor credit. This argument has a tad of scapegoating to it. The original act in 1977 required federally insured banks to make loans in the … (0 comments)
In the Albuquerque Journal Outlook Brandon Curtis wrote a good editorial explaining some of the issues that are being discussed about the current housing crisis. I quote: "There has been a lot of blame and a lot of partisan talking points regarding the housing crisis and the state of real estate in general today. One such talking point is that the 1977 Community Reinvestment Act (CRA) somehow forced lenders to make bad loans to consumers with poor credit.;)
;)
