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Politics : The Obama - Clinton Disaster
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To: DuckTapeSunroof who wrote (23785)12/28/2009 8:51:45 PM
From: H-Man1 Recommendation  Read Replies (1) of 103300
 
yes the vast majority of CRA loans are considered performing or approximatley 84-89% of the loans are "perfoming".

Unfortunatley for your point, that means that there is an 11-16% default rate. Approximatley 7x the default rate of traditionally underwritten loans.

piss poor.

BofA one of the largest CRA lenders, has less than 7% of it's mortgage portfolio in CRA loans, but that small percentage represents 29% of their mortgage losses

piss piss poor

educate yourself son.

realclearmarkets.com
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