[misterrob]

CRA played a role but the larger issue was the fraud and the willingness of banks and other non-bank entities to write mortgages, offer Alt-A deals and accept/encourage bad appraisals for property. WTF would any bank write paper for a $500K POS in Compton for crying out loud?

[D-fendr]

If anyone can translate this, I’d appreciate it.

[expatpat]

During this period, credit evaluation techniques and data improved with the increases in computer capacity, computer speed, and accessibility of large stores of financial and demographic information.

That part sounds like BS to me. There was no problem getting credit reports before then.