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Overnight Open Thread

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rightymouse2/21/2009 8:00:26 am PST

re: #735 MandyManners

Community Reinvestment Act.


And Fannie Mae and Freddie Mac who lured banks into doing this by buying up crappy loans so as to ‘reduce’ the risk to banks.

We have one mortgage company here who is not in trouble. Why? They didn’t write CRA motivated loans.