CRA Research Papers
The restructuring of the mortgage industry
may be lessening the impact of the CRA.
The diverse impact of the CRA is reflected
in the local structure of the mortgage lending industry and the
nonprofits working on CRA-related projects in their communities.
Interviews with CRA lenders reveal that compliance
activities are profitable, productive of good will, or both.
In the era of new mortgage projects, advocacy
groups have had an increasingly difficult time assessing the impact
on low-income communities.