FDIC’s Bair Sets to Shatter CRA Myth

Bair said a cleaner solution would be to apply risk retention to everyone. "If we could get rid of the QRM, I would," Bair said in remarks to the Council on Foreign Relations. "There is only so much regulation can accomplish. Financial incentives can be so much more powerful.

progress toward the other goals set by Congress-goals that are necessary for reestablishing stability in the financial system and providing the tools for rebuilding the American economy-is less. and Chairman of the federal deposit insurance corporation sheila bair: legacy asset program (July 8, 2009) (online at www.financialstability.gov.

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FDIC’s Bair Sets to Shatter CRA Myth. Think Millennials are stalling the housing market? .

Reforming Financial Regulation to Address the Too-Big-To-Fail Problem.. but the region’s recovery looks set to be an emic. earn fees from issuers of securities and the CRA’s stake in.

"I want to give you my verdict on CRA: NOT guilty," said. Federation of America, Bair said Thursday she wanted to clear up the "myth" that the Community Reinvestment Act caused the financial crisis.

National Mortgage Delinquency Rate Swells to 9.2% in May: LPS According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage was 4.51% in June, down from 4.64% in May; the rate was 4.74% in June 2010. Inventory of Homes – GNO Market is running about 5 months.much better than national levels.

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Undergirding this myth is the claim by some that the CRA requires banks and thrifts to make loans to unqualified low-income and minority borrowers. They contend that a higher default rate by those borrowers caused the housing meltdown.

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