The brand new silver liner from the, I believe, is actually terms of CRA. Setting aside the fresh new predatory financing if you will, how does subprime lending feeling lower-money minority communities?

Within my beginning statement, We note that the newest Treasury provides finished a look at CRA and you may discussed nearly a 1 / 2-mil bucks in the mortgages so you’re able to reasonable- and you will moderate-income borrowers, making it functioning

Inside carrying it out, with regards to performing the latest subprime sector, the fact is that it is providing, I do believe, low-earnings and you will minority communities. Read more “In my opinion a number of the testimonies mentioned, at the very least, denying CRA borrowing getting predatory money”