Posted by Guest

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).
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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

Posted by Guest

over the line......

Posted by Guest

over the line......

Posted by Guest

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...

Posted by Guest

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...

Posted by Guest

And now the Resident Racist speaks

Posted by Guest

Maybe posting the truth is over the line!!

Posted by Guest

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

Posted by Guest

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:

Posted by Guest

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:

Posted by Guest

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

You are wrong as usual though..

Posted by Guest

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:

Posted by Guest

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:

Posted by Guest

Rare photo of Donny B and Lbud together.


Sent from my SM-T580 using Tapatalk

Posted by Guest

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...nge-people.jpg

Posted by Guest

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:

Posted by Guest

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:

Posted by Guest

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...

Posted by Guest

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.