To the Point with Bob–IMBs and the CRA: A Misguided Match
In this edition of To the Point with Bob, MBA President & CEO Robert Broeksmit, CMB, says while the Community Reinvestment Act serves an important policy objective, it is inappropriate to apply it to independent mortgage banks.
“Federal and state policymakers should keep this fact in mind and remember that IMBs already are a key mortgage provider in low-and moderate-income communities,” Broeksmit writes.
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