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[email protected] dcaster@krl.org is offline
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Default Stress Tests: Banks Need $75 Billion

On May 8, 9:14*am, "John R. Carroll"
wrote:


CRA loans have the lowest default rate of any mortgages Tom.
I guess you really are just stupid after all.http://traigerlaw.com/publications/T...stment_act_of_...


JC


I skimmed thru the Traigerlaw report and did not see where it said
that the default rate was lower. Their study showed that the
origination rate remained the same for CRA loans, but that is not
exactly the same as saying the default rate was low.

As I said I skimmed thru the report, but facts about the default rate
did not jump out at me.


Dan