SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: SilentZ who wrote (472958)4/17/2009 6:14:06 PM
From: Tenchusatsu1 Recommendation  Read Replies (2) | Respond to of 1575980
 
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



To: SilentZ who wrote (472958)4/17/2009 6:41:34 PM
From: combjelly1 Recommendation  Respond to of 1575980
 
"How so?"

I think he is pretending that the only loans poor people could get were CRA loans. As we have seen, Tenchu isn't above making stuff up to push his partisan agenda.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News