Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: SilentZ who wrote (472958)	4/17/2009 6:14:06 PM
From: Tenchusatsu	1 Recommendation Read Replies (2) of 1576346

Z, ACORN is claiming "predatory lending" on those living in CRA areas. But that can't be true. You assured me that CRA loans default at a lower rate than other loans, because they actually are regulated! The truth is actually the opposite of what you claimed. CRA loans are at a higher risk of default for obvious reasons. The ones who got screwed over are the subprime borrowers, a significant chunk of which were related to CRA or the influence thereof. Tenchusatsu

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