The financial landscape has changed significantly since the passage of the Community Reinvestment Act (CRA) in 1977. This paper provides an overview of how these changes have affected the coverage of the CRA, the structure of CRA regulated institutions, and their effectiveness in meeting the goals of the CRA. Marsha J. Courchane is co-author of this paper along with Robert B. Avery of the Federal Reserve Board of Governors and Peter M. Zorn of Freddie Mac.
A preview of the latest HMDA data
This CRA Insight analyzes the mortgage application activity to minorities using the 2024 Home Mortgage Disclosure Act (HMDA) data. The benchmark is the...