Did CRA and the GSEs Cause the Housing Crisis? Uh uh.

November 19th, 2011

areas disproportionately served by lenders covered by the CRA experienced lower delinquency rates and less risky lending. Similarly, the threshold tests show no evidence that either program had a significantly negative effect on outcomes.

Emphasis mine.

via The Subprime Crisis: Is Government Housing Policy to Blame? | The Big Picture.

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