Thread: If the Fed Lowers rates again ....
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Old 09-06-2007, 12:01 PM
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I do not think this is at all about CRA. These are loans above the median housing cost. CRA does not support large loans to individuals for their own single family residences. CRA does exist and yes it can be a nightmare for banks if it is not managed properly. As a banker myself CRA can mean gifts as well, community support or many hundreds of other things. I is not necessarily ONLY for low end housing.
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