subprime crisis, the CRA was accused of having promoted risky lending. This paper estimates the effect of the CRA on mortgage … redefinitions of Metropolitan Statistical Areas in 2003. The CRA caused a substantial increase in mortgage lending, especially among …

This study provides new evidence on the impact of the Community Reinvestment Act (CRA) on mortgage lending by taking …

provides evidence in support of this argument in the mortgage market for low-income borrowers whose access to credit is limited … by their inadequate credit histories. Mortgage originations increase and interest spreads decline when there is a bank …

The Community Reinvestment Act (CRA) encourages banks to expand mortgage lending in the communities in which they have … regulation forced banks to lower their credit standards and engage in riskier mortgage products in order to extend credit to … lower-income individuals, who perhaps should not have received such loans. However, data provided by the Home Mortgage …