4:02 PM
Julio Barreto
A recent study released by the National Community Reinvestment Coalition (NCRC) showed that the subprime mortgage crisis is more wide-spread by state, congressional district, race and ethnicity than has been previously reported.The report, entitled, Politics and the Subprime Mortgage Meltdown: An Examination of Disparities by Congressional District, Political Party, Caucus Affiliation and Race, was authored by Maurice Jourdain-Earl, Managing Director of ComplianceTech. Founded in 1992, ComplianceTech provides specialized lending intelligence services to financial institutions nationwide. It is known for its expertise in identifying market opportunities; formulating lending benchmarks; and implementing emerging markets, CRA and fair lending best practices.Here is a list of some of the study’s...
