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Re: rgd1350 post# 400483

Friday, 03/31/2017 12:03:02 PM

Friday, March 31, 2017 12:03:02 PM

Post# of 798242
It would seem based on the article you linked it started with Clinton (which is what I tell most folks going back to this era).

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...