Federal Reserve Bank of San Francisco

Community Development

Lending in Low- and Moderate-Income Neighborhoods in California: The Performance of CRA Lending During the Subprime Meltdown

Author(s): Elizabeth Laderman and Carolina Reid, Federal Reserve Bank of San Francisco

November 1, 2008

Community Development Working Papers

The current scale of mortgage delinquencies and foreclosures—particularly in the subprime market—has sparked a renewed debate over the Community Reinvestment Act (CRA) and the regulations governing home mortgage lending.

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