Quote:
It wasn't CRA that made the bankers loan to bad credit risks.
It was the dollar signs swimming in the bankers eyes.
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Wrong again. Your source, other than personal opinion? My source is from someone who was in banking admin for 30+ years and her bank and their branches were informed as per CRA regs that they WILL make X% number of their loans to what they referred to as NINJA borrowers--No Income, No Job, no Assets. Sorry, but those "money hungry" loan officers and bank managers had no choice.
