Sub prime mortgages were not lax standards that deserved the full faith and credit of the US government?<quoted text>
There were no lax standards.
The CRA said banks had to invest a portion of their profits into helping those in their local communities that could not afford the standard mortgage requirements.
Banks could lower the interest rate or other costs to make the payments more affordable but the bank still had to verify that the borrows could meet those payments.
Wy do you people have to keep lying about this. No one demanded they make loans to people who could not meet the payments required.
Nothing could be further from the truth.