The Fed may be looking at relaxing Community Reinvestment Act (CRA) regulations, but the vast majority of bank lenders believe complying with CRA requirements should continue to be a key part of mortgage lending, according to a recent Stratmor Group survey.
Ninety-five percent of banks that participated in the survey of CRA and Low to Moderate Income lending stated they have a strong internal focus on the CRA.
Read on for more details from the survey.
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