Title: Why the Community Reinvestment Act Cannot be Blamed for the Subprime Crisis
Authors: Aalbers, Manuel # ×
Issue Date: 2009
Series Title: City & Community vol:8 issue:3 pages:346-350
Abstract: t has become common practice—and in particular, but not exclusively, in conservative media—to blame the Community Reinvestment Act (CRA) of 1977 for the U.S. subprime mortgage and foreclosure crisis that triggered the global financial crisis. It is argued that the CRA forced lenders to give mortgage loans to high-risk borrowers. This is nonsense for at least five reasons.
ISSN: 1535-6841
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Non-KU Leuven Association publications
× corresponding author
# (joint) last author

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