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Real Estate & Property Law

: Housing Wire

Dugan: CRA Had Nothing to Do with Mortgage, Credit Mess

By DIANA GOLOBAY

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Comptroller of the Currency John Dugan on Wednesday said he disagrees with suggestions that the Community Reinvestment Act is responsible for the ongoing credit crisis. “CRA is not the culprit behind the subprime mortgage lending abuses, or the broader credit quality issues in the marketplace,” Dugan said in a speech at the Enterprise Annual Network [...]

Full post as published by Housing Wire on November 20, 2008 (boomark / email).

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