"Without the CRA, the foreclosure crisis might have negativelyimpacted even more borrowers and neighborhoods," stated law firmpartner Warren Traiger. "Apparently, the CRA's mandate that banks helpserve the credit needs of their local communities consistent with safeand sound banking practices has resulted in CRA Banks making a greaterproportion of safe and sound loans than other lenders."
-- CRA Banks were 66 percent less likely than other lenders to originate a high cost loan;
-- The average high cost loan made by CRA Banks was priced 68 basis points lower than the average high cost loan originated by other lenders;
-- CRA Banks were more than twice as likely as other lenders to hold originated loans in their portfolio; and
-- The higher a metropolitan area's concentration of bank branches, the lower its foreclosure rate.