Quote:
Originally Posted by detbuch
It was government regulation that led to people who could not afford to pay for a home loan to get one. That led to bad mortgage notes which were bundled in with good ones and then sold to unknowing suckers. Without the plethora of bad notes, the corrupt bundling would not have occurred.
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Your position isn't supported by the facts. CRA loans actually have had a much lower default rate historically. I think this was discussed years ago on this very site.