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→Community Reinvestment Act: redun
===Community Reinvestment Act===
===Community Reinvestment Act===
:''Main article:'' [[Community Reinvestment Act]]
:''Main article:'' [[Community Reinvestment Act]]
One of President Clinton's early acts was an overhaul of the Community Reinvestment Act (CRA). In 1995 the implementing regulations were strengthened by focusing government regulators' attention on a financial institutions' performance in doling out credit within specified communities. The new provisions<ref>{{cite web
One of President Clinton's early acts was an overhaul of the Community Reinvestment Act (CRA). In 1995 the implementing regulations were strengthened by focusing government regulators' attention on a financial institutions' performance in doling out credit within specified communities. Clinton's changes to the CRA<ref>{{cite web
|title=Clinton Administration Further Liberalizes the Community Reinvestment Act
|title=Clinton Administration Further Liberalizes the Community Reinvestment Act
|url=http://clinton6.nara.gov/1993/12/1993-12-08-briefing-by-bentsen-and-rubin.text.html
|url=http://clinton6.nara.gov/1993/12/1993-12-08-briefing-by-bentsen-and-rubin.text.html
|publisher=The White House }}</ref> substantially increased the amount of [[subprime mortgage]]s. Clinton's changes to the CRA increased the amount of home loans to unqualified low-income borrowers and, for the first time, allowed the [[securitization]] of CRA-regulated loans containing subprime mortgages.<ref>{{cite web |title=Congress Tries To Fix What It Broke
|publisher=The White House }}</ref> substantially increased the amount of home loans to unqualified low-income borrowers and, for the first time, allowed the [[securitization]] of CRA-regulated loans containing subprime mortgages.<ref>{{cite web |title=Congress Tries To Fix What It Broke
|url=http://www.investors.com/editorial/editorialcontent.asp?secid=1501&status=article&id=306544845091102
|url=http://www.investors.com/editorial/editorialcontent.asp?secid=1501&status=article&id=306544845091102
|date=2008-09-17
|date=2008-09-17