Replies to post #793571 on Fannie Mae-No Politics (FNMA)

[Stern is Bald]

Man you are well researched… The CRA was enacted in 1977 and I had zero Biden or Obama was President… Man I just learned a lot thanks!!!

[Donotunderstand]

baloney
that simply is not true

That ACT was passed in 1977 - way before the 2008 collapse
And it did not change much in terms of housing availability or anything else

WHY?
aside from being mostly PR and HOT AIR ---- the number of loans that happened because of the ACT is the hair on the tail of the dog

https://www.investopedia.com/terms/c/community_reinvestment_act.asp

[skeptic7]

Correct. The CRA was enacted under Carter and was the blue-print for the sub-prime loan catastrophe that led to 2008.