The economic data don't support this talking point (frequently seen in conservative political circles) that the mid 1990s CRA amendments caused the housing cris

The economic data don't support this talking point (frequently seen in conservative political circles) that the mid 1990s CRA amendments caused the housing crisis. If that were the case, you would expect to see CRA loans performing worse than private loans. But the opposite was true--loans to persons in CRA-eligible zip codes performed slightly better than loans to otherwise similar borrowers.[1] [1] http://www.federalreserve.gov/newsevents/speech/20081203_analysis.pdf http://www.federalreserve.gov/newsevents/speech/20081203_ana...