There's a lot of noise out there....read what the House of Representatives has to say;
"The Community Reinvestment Act of 1977 (CRA) encourages federally insured banks and thrifts to meet the credit needs of the entire communities they serve,including low- and moderate-income areas, consistent with safe and sound banking practices."
The purpose of The Community Reinvestment Act was to stop the horrid practice of red-lining and in no way obligated any lender to lower their standards. It only required to use the same standards throughout the communities that they served.
The Community Reinvestment Act defined
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