Comments on: CRA and the Housing Bubble: Did the Community Reinvestment Act Lead to Risky Lending? https://4closurefraud.org/2012/12/26/cra-and-the-housing-bubble-did-the-community-reinvestment-act-lead-to-risky-lending/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Thu, 04 Dec 2025 14:59:56 +0000 hourly 1 https://wordpress.org/?v=7.0.4 By: neidermeyer https://4closurefraud.org/2012/12/26/cra-and-the-housing-bubble-did-the-community-reinvestment-act-lead-to-risky-lending/#comment-406242 Thu, 27 Dec 2012 01:59:12 +0000 https://4closurefraud.org/?p=56190#comment-406242 In reply to Sarah.

I read this report on another site a day or two ago ,, bottom line ,, the CRA lead to FedGov guarantees that FMN would buy any old crapola the banks could deliver (not CRA related loans , any loan) ,, The CRA and the people it helped weren’t responsible ,, the banks abusing the FNM/FRE policy changes and the banking comittees in Congress failing to stop the abuse was the problem.

We don’t have enough lamp posts in D.C. and Manhattan for all the criminals.

]]> By: lies is all they tell https://4closurefraud.org/2012/12/26/cra-and-the-housing-bubble-did-the-community-reinvestment-act-lead-to-risky-lending/#comment-406231 Wed, 26 Dec 2012 15:50:34 +0000 https://4closurefraud.org/?p=56190#comment-406231 In reply to Sarah.

you could include wells fargo as well
i have wells fargo bank NA foreclosing and wells fargo home mortgage servicer still that does not know wells faergo bank na has already proceed with foreclosure i have been denied a mod i didnt apply for. thats part fo the false claims act lieing to our government to make money. they get 3k per application. if they are all sending out packets of modification paper work and then denial letters to follow that is fraud.. how do we report this. i am in a foreclosure and have a lawyer. sad they continue to lie and steal and cheat in our noame. god help us. they do not beleive we will do anything.

]]> By: lies is all they tell https://4closurefraud.org/2012/12/26/cra-and-the-housing-bubble-did-the-community-reinvestment-act-lead-to-risky-lending/#comment-406230 Wed, 26 Dec 2012 15:43:57 +0000 https://4closurefraud.org/?p=56190#comment-406230 it lead to putting anyone that had a pulse approved for a mortgage. no thought went into when these adjustable mortgages would adjust 2 years down the line and NO one would be able to adjust. and they new it. for example my sisters adjustable rate mortgage in 2005 adjusted in 2007 to her entire paycheck 2100k. unable to finance by design she left her home. sad she didnt know about foreclosure defense then nor have the money if she did. then once all these subprime mortgages hit bottom all the jobs in the construction sector were lost. this is where folks like me whose were affording their mortgages all along, found ut they were fraudulently put in a “stated income loan” so then when there was a job loss the pain would be felt. sad to live in a world like this. hard to be positive for your kids but we must. how does anyone have a conscience to put people in homes then take them away? the poor people that do not know what has happened how horrible. now that we know about these crimes how do we fix it
I PROPOSE EVERYONE READING THIS AND PASS IT ON, LETS WRITE A LETTER TO ERIC HOLDER. TELL HIM WHAT WE KNOW AND WE EXPECT HIM TO HELP US AND STOP THIS CONTINUATION OF THE STEALING OF PEOPLES HOMES.
thanks and merry christmas and happy new year

]]> By: Sarah https://4closurefraud.org/2012/12/26/cra-and-the-housing-bubble-did-the-community-reinvestment-act-lead-to-risky-lending/#comment-406228 Wed, 26 Dec 2012 15:41:39 +0000 https://4closurefraud.org/?p=56190#comment-406228 No. However, this bs is often repeated that the Banks were somehow “forced” to lend to the “unworthy.” The Government forced no bank to prey on people, the Banksters did it for themselves, and universally blame the big bad “Government”. It’s a huge lie. If anything, it reveals how much our Government and media are simply bought off. Banksters knew precisely what they were doing, Countrywide, New Century, Chevy Chase, et al.

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