New Report: Massachusetts Offers A Model For Expanding Federal Community Reinvestment Act To Independent Mortgage Companies
A statewide Community Reinvestment Act (CRA) for mortgage companies in Massachusetts provides a solid starting place for establishing a national policy to require nonbank mortgage lenders to serve qualified lower-income borrowers, a new report from the National Community Reinvestment Coalition (NCRC) found. Q2 2021 hedge fund letters, conferences and more The CRA Law In MassachusettsThe report found that the Massachusetts experience indicates that applying CRA to mortgage companies nationwide is both feasible and likely would increase their retail lending and community development activity in ...