Cra

[larbud]

What does community reinvestment act mean?
DEFINITION of 'Community Reinvestment Act - CRA' An act of Congress enacted in 1977 with the intention of encouraging depository institutions to help meet the credit needs of surrounding communities (particularly low and moderate income neighborhoods).
************************************************** ************************************************** ******************** People also ask

When was the Community Reinvestment Act established?
A Brief Description of CRA. Passed by Congress in 1977, the Community Reinvestment Act (CRA) states that “regulated financial institutions have continuing and affirmative obligations to help meet the credit needs of the local communities in which they are chartered.”

Which President signed the Community Reinvestment Act?
On signing the Gramm-Leach-Bliley Act, President Clinton said that it, "establishes the principles that, as we expand the powers of banks, we will expand the reach of the [Community Reinvestment] Act".

A CRA home loan is originated by a federally regulated bank or mortgage lender that is obligated to meet the requirements of the Community Reinvestment Act (CRA) of 1977. Some banks refer to these loan products as "portfolio loans."

Community organizers such as that assbutt oboma and his ilk coerced banks into giving people loans that they couldn't afford knowing that one day they'd be able to steal HARD WORKING AMERICANS MONEY WHEN THE NIDGERS QUIT PAYING.. Simple as that

[cologal]

what does community reinvestment act mean?
Definition of 'community reinvestment act - cra' an act of congress enacted in 1977 with the intention of encouraging depository institutions to help meet the credit needs of surrounding communities (particularly low and moderate income neighborhoods).
************************************************** ************************************************** ******************** people also ask

when was the community reinvestment act established?
A brief description of cra. Passed by congress in 1977, the community reinvestment act (cra) states that “regulated financial institutions have continuing and affirmative obligations to help meet the credit needs of the local communities in which they are chartered.”

which president signed the community reinvestment act?
On signing the gramm-leach-bliley act, president clinton said that it, "establishes the principles that, as we expand the powers of banks, we will expand the reach of the [community reinvestment] act".

A cra home loan is originated by a federally regulated bank or mortgage lender that is obligated to meet the requirements of the community reinvestment act (cra) of 1977. Some banks refer to these loan products as "portfolio loans."

community organizers such as that assbutt oboma and his ilk coerced banks into giving people loans that they couldn't afford knowing that one day they'd be able to steal hard working americans money when the nidgers quit paying.. Simple as that

over the line......

[ColdNoMore]

over the line......

Not for the flaming racist LarBug it's not.

[Don Baldwin]

over the line......

Why? because he used the word Nidger?

So...it's the WORD you don't like. What if he'd just said the blacks quit paying...better?

Everything he said was accurate. He just used the N word. A word they say 100 times a day. It's over the line when we say it...perfectly natural for them. Got it...

[cologal]

Why? because he used the word Nidger?

So...it's the WORD you don't like. What if he'd just said the blacks quit paying...better?

Everything he said was accurate. He just used the N word. A word they say 100 times a day. It's over the line when we say it...perfectly natural for them. Got it...

And now the Resident Racist speaks

[larbud]

Why? because he used the word Nidger?

So...it's the WORD you don't like. What if he'd just said the blacks quit paying...better?

Everything he said was accurate. He just used the N word. A word they say 100 times a day. It's over the line when we say it...perfectly natural for them. Got it...

To Me Nidger ain't a color!

[larbud]

Maybe posting the truth is over the line!!

[Don Baldwin]

And now the Resident Racist speaks

Defend them. You ASSUME everything you hear about them is the truth. That they're just like us...but they have been given an unfair shake in life.

Have YOU gone down to MLK Blvd yet to hobnob with YOUR peers? I don't think you have. Because like ANY sensible person...you KNOW BETTER. You KNOW it's dangerous. And yet you fight to have MORE of them...why? If you love them so, if you think they're your peers...why do you live HERE in whiteville and NOT on MLK Blvd? Because you KNOW where the white live is ALWAYS better than where the blacks/hispanics live...ALWAYS.

Maybe posting the truth is over the line!!

That's what is so frustrating...it's right there...right in front of them...it's like they're all hypnotized.

You can not see their violence.

you can not see their stupidity.

You can not see how different they are...not JUST the skin, hair, facial dimensions, skeletal and musculature differences...different character, different likes, wants, morals, norms...just plain NOT US.

[affald]

Obama pushed banks to give subprime loans to Chicago blacks | The Daily Caller (https://www.google.com/amp/amp.dailycaller.com/2012/09/03/with-landmark-lawsuit-barack-obama-pushed-banks-to-give-subprime-loans-to-chicagos-african-americans/)

LIBERALS ARE BRAINWASHED. no need to even attempt logic .

[rubicon]

What does community reinvestment act mean?
DEFINITION of 'Community Reinvestment Act - CRA' An act of Congress enacted in 1977 with the intention of encouraging depository institutions to help meet the credit needs of surrounding communities (particularly low and moderate income neighborhoods).
************************************************** ************************************************** ******************** People also ask

When was the Community Reinvestment Act established?
A Brief Description of CRA. Passed by Congress in 1977, the Community Reinvestment Act (CRA) states that “regulated financial institutions have continuing and affirmative obligations to help meet the credit needs of the local communities in which they are chartered.”

Which President signed the Community Reinvestment Act?
On signing the Gramm-Leach-Bliley Act, President Clinton said that it, "establishes the principles that, as we expand the powers of banks, we will expand the reach of the [Community Reinvestment] Act".

A CRA home loan is originated by a federally regulated bank or mortgage lender that is obligated to meet the requirements of the Community Reinvestment Act (CRA) of 1977. Some banks refer to these loan products as "portfolio loans."

Community organizers such as that assbutt oboma and his ilk coerced banks into giving people loans that they couldn't afford knowing that one day they'd be able to steal HARD WORKING AMERICANS MONEY WHEN THE NIDGERS QUIT PAYING.. Simple as that

Dear guest:

you have it right and you did so well. Why would you allow yourself to lose credibility with one word?

Fannie and Freddie are still handing out loans to people who do not qualify and are unlikely to meet their agreement. these home buyers come in all colors and shapes.

This racist obsession by a couple of posters is getting as tiresome as those obsessed with Trump. Please move forward. We get it and we know who you are and we know how you feel. please move on

Personal Best Regards:

[ColdNoMore]

CRA wasn't the problem.

Derivatives/CDO's, that were contrived by mixing in high risk loans and low risk ones then rated AAA for the whole package...WAS the root of the problem.

If the high risk loans stood on their own, then the secondary mortgage market would have rejected them and banks/mortgage companies would have stopped (or vastly reduced) the number of high risk loans they made...because they couldn't dump them off on someone else.

Those who try to lay the problems at the feet of a political party...are just ignorant simpletons. :oops:

My biggest disappointment with Obama, is that he didn't put a whole bunch of the rating agencies scumbags...in prison!! :mad:



Deepest Sincere Wishes: :wave:

[larbud]

Dear guest:

you have it right and you did so well. Why would you allow yourself to lose "credibility" with one word?


Not looking to totv for credibility..


Fannie and Freddie are still handing out loans to people who do not qualify and are unlikely to meet their agreement. "these home buyers come in all colors and shapes".


Why I say N is not a color. My use of the word harkens back to when Websters said a N was a worthless person..

This "racist obsession" by a couple of posters is getting as tiresome as those obsessed with Trump. Please move forward. We get it and we know who you are and we know how you feel. please move on


There is no obsession, I love the few Black people I know and hate all the nidgers who are mostly white..


Personal Best Regards:
Hope this helps you have a better understanding of the failures of obsessive ASSumption.:eclipsee_gold_cup:

[larbud]

CRA wasn't the problem.

Derivatives/CDO's, that were contrived by mixing in high risk loans and low risk ones then rated AAA for the whole package...WAS the root of the problem.

If the high risk loans stood on their own, then the secondary mortgage market would have rejected them and banks/mortgage companies would have stopped (or vastly reduced) the number of high risk loans they made...because they couldn't dump them off on someone else.

Those who try to lay the problems at the feet of a political party...are just ignorant simpletons. :oops:

My biggest disappointment with Obama, is that he didn't put a whole bunch of the rating agencies scumbags...in prison!! :mad:



Deepest Sincere Wishes: :wave:

Wow!! You made a post with bashing anyone!! WTF?

You are wrong as usual though..

[ColdNoMore]

Wow!! You made a post with bashing anyone!! WTF?

You are wrong as usual though..

You didn't..and I'm correct again. :D


Deepest Sincere Wishes: :wave:

[Don Baldwin]

Dear guest:

you have it right and you did so well. Why would you allow yourself to lose credibility with one word?

Fannie and Freddie are still handing out loans to people who do not qualify and are unlikely to meet their agreement. these home buyers come in all colors and shapes.

This racist obsession by a couple of posters is getting as tiresome as those obsessed with Trump. Please move forward. We get it and we know who you are and we know how you feel. please move on

Personal Best Regards:

But MOST of the "bad" loans are "colored" people...blacks and hispanics.

Do you REALLY...get it? Or do you just say that? WHAT will you do about it? Give them even MORE?

CRA wasn't the problem.

Derivatives/CDO's, that were contrived by mixing in high risk loans and low risk ones then rated AAA for the whole package...WAS the root of the problem.

If the high risk loans stood on their own, then the secondary mortgage market would have rejected them and banks/mortgage companies would have stopped (or vastly reduced) the number of high risk loans they made...because they couldn't dump them off on someone else.

Those who try to lay the problems at the feet of a political party...are just ignorant simpletons. :oops:

My biggest disappointment with Obama, is that he didn't put a whole bunch of the rating agencies scumbags...in prison!! :mad:



Deepest Sincere Wishes: :wave:

NO...the ROOT of the problem was banks being FORCED to give loans to minorities in the inner cities. Property with NO value...and loans given to "people" with no value.

Those financial instruments were CREATED just so the banks could sell off those worthless, nonperforming loans the government FORCED them to make. They mixed the "good" loans...white people...with the "bad" loans...minorities because there's no way anyone would buy just "black peoples" loans as an investment.

They ALL worked together on this SCAM. Government, banks, rating agencies.

ANOTHER stupid endeavor to TRY to get minorities "equal" to whites. It'll never happen. They're not us.

[Chi-Town]

Rare photo of Donny B and Lbud together.

https://uploads.tapatalk-cdn.com/20170301/c8a2880bc2ba69b852be0f8165276527.jpg

Sent from my SM-T580 using Tapatalk

[Don Baldwin]

Rare photo of Donny B and Lbud together.


Sent from my SM-T580 using Tapatalk

A woman...typical response...got nothing REAL to say so you attack the messenger.

I can be childish too...

Oh look...it's CHI...

http://www.opengeek.net/images/ogeek/2014/12/ugly-strange-people.jpg

[larbud]

A woman...typical response...got nothing REAL to say so you attack the messenger.

I can be childish too...

Oh look...it's CHI...

http://www.opengeek.net/images/ogeek/2014/12/ugly-strange-people.jpg

😂👏

[larbud]

CRA wasn't the problem.

Derivatives/CDO's, that were contrived by mixing in high risk loans and low risk ones then rated AAA for the whole package...WAS the root of the problem.

If the high risk loans stood on their own, then the secondary mortgage market would have rejected them and banks/mortgage companies would have stopped (or vastly reduced) the number of high risk loans they made...because they couldn't dump them off on someone else.

Those who try to lay the problems at the feet of a political party...are just ignorant simpletons. :oops:

My biggest disappointment with Obama, is that he didn't put a whole bunch of the rating agencies scumbags...in prison!! :mad:



Deepest Sincere Wishes: :wave:

If they'd (read dim bulbs) had never created the shiat they ( read dim bulbs) never would have had to mix them with the sugar...

[MDLNB]

CRA wasn't the problem.

Derivatives/CDO's, that were contrived by mixing in high risk loans and low risk ones then rated AAA for the whole package...WAS the root of the problem.

If the high risk loans stood on their own, then the secondary mortgage market would have rejected them and banks/mortgage companies would have stopped (or vastly reduced) the number of high risk loans they made...because they couldn't dump them off on someone else.

Those who try to lay the problems at the feet of a political party...are just ignorant simpletons. :oops:

My biggest disappointment with Obama, is that he didn't put a whole bunch of the rating agencies scumbags...in prison!! :mad:



Deepest Sincere Wishes: :wave:

I noticed that you did not mention the fault of Fanny/Freddy in the mortgage collapse. Giving loans to anyone, regardless of their ability to make payments is irresponsible. To even allow private citizens, to push private citizens into adjustable rate mortgages was irresponsible. And after five years when those ARM's suddenly increased in interest rate and those home owners decided to walk away from those loans, that was also irresponsible. And Obama allowing them loan forgiveness was only condoning such irresponsible practice.

Bush attempted on many occasions to get Fanny/Freddy audited, but Barney Frank refused. I am not blaming anyone in particular for this mess, but banks being forced to give loans to EVERYONE is part of the problem. Clinton said "everyone should own a home" in America. I don't agree. Not everyone can afford a home in America.

[Don Baldwin]

If they'd (read dim bulbs) had never created the shiat they ( read dim bulbs) never would have had to mix them with the sugar...

Exactly... Liberals forced banks to make BAD loans...so the banks figured out a way to sell that sh!t off to the greater fool.

The ENTIRE financial industry...is a giant ponzi.

That money, those loans...were made out of thin air. The banks had no "equity" in them. It's MISSED INTEREST payments that they worry about.

A bank gets "credit" from the Federal reserve banks and then uses that credit to issue loans. Their credit to the federal reserve is all the bank has on the hook. The Federal Reserve has $4 trillion on the books...with NOTHING to back it up...but faith. Our monetary system runs on faith.

http://www.gold-eagle.com/sites/default/files/vronsky111514-4.jpg

[Don Baldwin]

I noticed that you did not mention the fault of Fanny/Freddy in the mortgage collapse. Giving loans to anyone, regardless of their ability to make payments is irresponsible. To even allow private citizens, to push private citizens into adjustable rate mortgages was irresponsible. And after five years when those ARM's suddenly increased in interest rate and those home owners decided to walk away from those loans, that was also irresponsible. And Obama allowing them loan forgiveness was only condoning such irresponsible practice.

Bush attempted on many occasions to get Fanny/Freddy audited, but Barney Frank refused. I am not blaming anyone in particular for this mess, but banks being forced to give loans to EVERYONE is part of the problem. Clinton said "everyone should own a home" in America. I don't agree. Not everyone can afford a home in America.

Not "everyone" is CAPABLE of owning a home. Face it. Look at black/hispanic parts of town, their houses...wrecks. Look what they do to a city...wreck it. They wreck entire countries too. They're NOT us...they're INCAPABLE of doing what we do. We MUST understand this and act accordingly.

Liberals are destroying us through forced diversity.