| Title: |
Has
the CRA Increased Lending for Low-Income Home Purchases? |
| Author(s): |
Liz Laderman |
| Publication: |
FRBSF Economic Letter |
| Methodology: |
The paper reviews and discusses existing
research on whether
the CRA has helped alleviate any shortfall in LMI home purchase lending. |
| Primary conclusions:
|
"Overall, the literature
suggests that, while the effects of the CRA versus the effects of
other developments are not easy to separate, access to credit for
the groups and neighborhoods targeted by the CRA has
improved.... " |
| "In addition, it suggests that,
for most banks, LMI home purchase lending has become as profitable
as other home purchase lending. " |
| URL: |
http://www.frbsf.org/publications/economics/letter/2004/el2004-16.html |
| Bibliography: |
Yes |
| Number of pages: |
3 |
