Free Republic 2nd Qtr 2026 Fundraising Target: $81,000 Receipts & Pledges to-date: $1,285
1%  
Woo hoo!! 2nd qtr 2026 FReepathon is now underway!!

Keyword: loansracial

Brevity: Headers | « Text »
  • Mortgage companies decry, liberals laud bill (Mass.)

    03/27/2002 1:30:53 PM PST · by knak · 11 replies · 838+ views
    Mass bar ^ | 3/27/02
    STATE HOUSE, BOSTON, MAY 29, 2001...A band of state lawmakers today said mortgage statistics show a pattern of racial and income-based injustice, and urged approval of a bill to foster home ownership. The measure would require mortgage companies to actively seek loan opportunities for low and moderate income borrowers, the same way banks do under the Community Reinvestment Act. Opponents from the mortgage industry said the requirements, based on a federal bank law, could force small companies out of business and reduce credit availability in the inner city. But chief sponsor Rep. Jarrett Barrios (D-Cambridge) said the bank law, called...