| Title: |
Do
CRA Agreements Influence Lending Patterns? |
| Author(s): |
Raphael W. Bostic, Breck L. Robinson |
| Organization: |
University of Southern
California
July 2002 |
| Methodology: |
The authors explore the impact
of CRA agreements by examining whether they are associated with changes
in lending to lower-income and minority communities in the markets
where they are initiated. The authors examine information on CRA agreements
provided by the National Community Reinvestment Coalition. |
| Primary conclusions:
|
The number of newly-initiated
CRA agreements in a county is associated with significant increases
in CRA, minority, and overall conventional mortgage lending in a county
over a 3-year period. |
| There is some evidence that the
increase in lending is short-lived. |
| "The results are consistent
with the view that the effectiveness of CRA agreements in increasing
lending activity is ultimately determined by the persistence and sophistication
of community groups in monitoring compliance with CRA agreements." |
| URL: |
http://www.usc.edu/schools/sppd/lusk/research/pdf/wp_2002-1007.pdf |
| Bibliography: |
No |
| Number of pages: |
41 |
