NAHRO Joins in Joint Statement Defending CRA

摘要

On Oct. 21, NAHRO Executive Director Saul Ramirez signed on to a joint statement with the National Community Reinvestment Coalition (NCRC) and other organizations to counter recent claims that the Community Reinvestment Act (CRA) is the cause of the foreclosure crisis and credit market crisis—claims that are intended to divert attention from the real problems facing our financial system.rnThe statement declares that interested organizations have long urged responsible regulation of the mortgage markets, and that it is the failure of regulatory policy and government oversight, not the CRA, that underlies these problems.