Relevant:
- HUD announces new REO purchase program
- Yes, Community Reinvestment Act to blame for mortgage crisis
- New program helps communities with high foreclosures
- Colorado Awarded $17.3 Million to Stabilize Neighborhoods Hard-Hit by Foreclosure
- Obama Administration announces an additional $1 billion to foreclosure-stricken neighborhoods
2010-06-18 — nationalmortgageprofessional.com
"The federal bank and thrift regulatory agencies have announced a proposed change to regulations of the Community Reinvestment Act (CRA) to support stabilization of communities affected by high foreclosure levels. The proposed change specifically would encourage depository institutions to support the Neighborhood Stabilization Program (NSP) administered by the U.S. Department of Housing & Urban Development (HUD)."
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