Do CRA Agreements Influence Lending Patterns?
نویسندگان
چکیده
منابع مشابه
-1 - Do Cra Agreements Influence Lending Patterns? Do Cra Agreements Influence Lending Patterns?
Lenders have increasingly responded to regulatory and public pressures to provide credit to lowerincome and minority communities by entering into CRA agreements, which typically involve pledges to extend a certain volume of lending to targeted groups and communities. This paper considers the broader impact of these CRA agreements by examining whether they are associated with changes in lending ...
متن کاملDo Cra Agreements Influence Lending Patterns ?
An increasingly common method for lending institutions to demonstrate their commitment to and compliance with the Community Reinvestment Act of 1977 (CRA) and fair lending laws has been to enter into agreements with community groups and other entities to help ensure the flow of credit throughout their service area. Table 1 shows that the volume of loan pledges associated with these agreements, ...
متن کاملWhat Makes CRA Agreements Work? A Study of Lender Responses to CRA Agreements
Paper prepared for the Federal Reserve System's third biennial research conference titled " Sustainable Community Development: What Works, What Doesn't and Why " DRAFT Do not quote or cite without permission of the authors. Board of Governors of the Federal Reserve System. The views expressed in this paper are those of the authors and do not necessarily reflect those of the Board of Governors o...
متن کاملThe CRA Implications of Predatory Lending
Traditionally, policymakers, communities, and industry have regarded the Community Reinvestment Act (“CRA”) as a positive mandate for banks and thrifts to do good by increasing investment in lowand moderate-income (“LMI”) neighborhoods. The specific purpose of CRA is to encourage federally insured depository institutions “to help meet the credit needs of the local communities in which they are ...
متن کاملauk Regulatory Agreements Real and Estate Lending
Recent studies have found that banks with low capital ratios have significantly decreased their lending to the real estate sector. This correlation between real estate lending and bank capital could be the result of voluntary decisions by banks to-recapitalize, or it could be the result of direct actions taken by bank regulators. We find that banks with low capital ratios reduce their real esta...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Real Estate Economics
سال: 2003
ISSN: 1080-8620,1540-6229
DOI: 10.1111/j.1080-8620.2003.00056.x