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Friday, March 31, 2017 12:03:02 PM
In 1995, the Clinton Administration changed the law governing GSEs’ mission — the Community Reinvestment Act (CRA) — to encourage more lending in poor neighborhoods.....
Over the next decade a number of efforts to continue to put pressure on lenders to lend more focused specifically on this area of high risk......
FnF were just part of their manipulation. However, they were the only institution that didn't need a bail out that were forced to take the money.
Its all a mess and we'll just have to wait to see at this point...
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