Agencies Emphasize Foreclosure Prevention in CRA Q&A Guidance
January 16, 2009
Foreclosure prevention programs aimed at helping low- or moderate-income families keep their home and avoid foreclosure will count as a “community development service” under the Community Reinvestment Act, according to revised CRA guidance published by federal thrift and banking regulators. The agencies also clarified that, to qualify as a community... [Includes two charts]