Role of the Community Reinvestment Act in Mortgage Supply and the U.S. Housing Boom

Posted on AllSides August 4th, 2020
From The Right

Between 1998 and 2006, house prices in the United States rose by about 90 percent but subsequently experienced a sharp decline by about a third until 2010. These house‐​price developments helped fuel enormous financial instability, large‐​scale output losses in many countries around the world, and the collapse or near collapse of numerous financial institutions. Most academic research has focused on the role of credit‐​market conditions in this boom‐​bust cycle, including short‐​term interest rates that were too low for too long, a global saving glut, branching deregulation of the banking industry,...

Read full story

More News about Banking and Finance from the Left, Center and Right

From the Left

From the Center

From the Right