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The government forced these banks to offer bad loans
#32
"Encouraged to make loans more available" does not equal making them "no-doc". As for CRA guidelines, which ones they would have to follow is dependent on size. How big is your bank? Smaller than $250 million in assets, and there was only one test they had to meet to be within CRA guidelines.
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Re: The government forced these banks to offer bad loans - by JoeH - 09-27-2008, 02:08 AM

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