You keep make unsubstantiated claims. Where is your data? If you are so sure of CRA's effect where is the data? I mean every bank must disclose there numbers of CRA mortgages, so it is not hard to see what percentage of the overall market they are. Further, banks also publish what percentage of bad mortgages they have on the books. The numbers are there and CRA is a fraction. Look it up.
Remember, we are talking about subprime mortgages. in 2006, of the top 25 subprime lenders only 1 was subject to CRA. In fact, Fannie and Freddie went from a high of 48 percentage of subprime loans in 2004 to 24 percent in 2006 because of the enormous private market for subprime. -Matt On Feb 5, 2010, at 10:39 AM, Jeff Broadwick wrote: > I'm really not interested in getting into a big hairy argument with you > on-list Matt. The CRA DID have an effect, and the market created by Fannie > and Freddie allowed the whole thing to happen. There are certainly other > factors, but those are the two biggest. I will agree with you that there > were plenty of stupid people with Cs in their titles that bellied up to the > trough. > > > Regards, > > Jeff > > > Jeff Broadwick > ImageStream > 800-813-5123 x106 (US/Can) > +1 574-935-8484 x106 (Int'l) > > -----Original Message----- > From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On > Behalf Of Matt Liotta > Sent: Friday, February 05, 2010 10:13 AM > To: WISPA General List > Subject: Re: [WISPA] Common Carrier or what: The FCC's role > inregulationofnet-neutrality > > > On Feb 5, 2010, at 10:06 AM, Brad Belton wrote: > >> The underlying point still holds true; big government imposing rules >> on lenders forcing them to lend to those that wouldn't have normally > qualified. >> > No, it in fact does not hold true. Since CRA mortgages were only a fraction > of the bad mortgages it is logical to conclude the other bad mortgages would > have still been made if there were no CRA mortgages. Further, it is > reasonable to assume that if no CRA mortgages were made even more non-CRA > mortgages would have been made given the additional available capital. > > There is plenty of blame to go around; trying to pin it on one thing is a > waste of time. > > -Matt > > > ---------------------------------------------------------------------------- > ---- > WISPA Wants You! Join today! > http://signup.wispa.org/ > ---------------------------------------------------------------------------- > ---- > > WISPA Wireless List: wireless@wispa.org > > Subscribe/Unsubscribe: > http://lists.wispa.org/mailman/listinfo/wireless > > Archives: http://lists.wispa.org/pipermail/wireless/ > > > > -------------------------------------------------------------------------------- > WISPA Wants You! Join today! > http://signup.wispa.org/ > -------------------------------------------------------------------------------- > > WISPA Wireless List: wireless@wispa.org > > Subscribe/Unsubscribe: > http://lists.wispa.org/mailman/listinfo/wireless > > Archives: http://lists.wispa.org/pipermail/wireless/ -------------------------------------------------------------------------------- WISPA Wants You! Join today! http://signup.wispa.org/ -------------------------------------------------------------------------------- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
