Community Reinvestment Act - CRA
- Community Reinvestment Act - CRA
- An act of Congress enacted in 1977 with the intention of encouraging depository institutions to help meet the credit needs of surrounding communities (particularly low and moderate income neighborhoods). The CRA requires federal regulators to assess the record of each bank or thrift in helping to fulfill its obligations to the community. This record will then be used in evaluating applications for future approval of bank mergers, charters, acquisitions, branch openings and deposit facilities.
Because the percentage of "CRA loans" that a mortgage lender originates or purchases in the secondary market is important, CRA loans tend to trade at a premium price in the secondary market. Generic packages of loans are frequently searched by traders looking to find overlooked individual CRA loans within the package which can be extracted and sold for a premium, independent of the entire package .
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
Community Reinvestment Act — ( CRA) A federal statute enacted to require banks and savings and loan associations to meet the credit needs of their communities, including low and moderate income neighborhoods. American Banker Glossary ( CRA) Enacted by Congress in 1977, the… … Financial and business terms
Community Reinvestment Act — The Community Reinvestment Act (CRA, Pub.L. 95 128, title VIII of the Housing and Community Development Act of 1977, 91 Stat. 1147, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial… … Wikipedia
Community Reinvestment Act — Le Community Reinvestment Act (CRA) ou « Loi de financement communautaire » est une loi américaine portant sur les relations entre banques ou autres grands organismes financiers de dépôts et communautés. Votée en 1977 sous Jimmy Carter … Wikipédia en Français
Community Reinvestment Act — Der Community Reinvestment Act (kurz CRA) ist ein Bundesgesetz in den USA, das seit den 1970er Jahren so genanntes Redlining, also die Beschränkung von Kreditangeboten auf wohlhabende Wohngegenden bzw. Schichten, vermeiden soll. Der CRA wurde… … Deutsch Wikipedia
Cra — steht für: Clinical Research Associate, auch Klinischer Monitor California Republican Assembly Chinesischer Restsatz Algorithmus Carry Ripple Addierer Community Reinvestment Act CrA steht für: das Sternbild Südliche Krone (lat. Corona austrina)… … Deutsch Wikipedia
CRA — Community Reinvestment Act (CRA) A federal statute enacted to require banks and savings and loan associations to meet the credit needs of their communities, including low and moderate income neighborhoods. American Banker Glossary ( Community… … Financial and business terms
CRA — Community Reinvestment Act (Governmental » State & Local) Community Reinvestment Act (Community) Clinical Research Associate (Medical » Oncology) ** Community Redevelopment Agency (Community) * Credit Reporting Agency (Business » Firms) * P E… … Abbreviations dictionary
CRA — may mean:* California Republican Assembly * California Resources Agency * Canada Revenue Agency * Cambridgeshire Rowing Association * Central Retinal Artery * Centro Ricerche Aerospaziali * Certified Research Administrator * Charles River… … Wikipedia
Cra — Cette page d’homonymie répertorie les différents sujets et articles partageant un même nom. {{{image}}} Sigles d une seule lettre Sigles de deux lettres > Sigles de trois lettres … Wikipédia en Français
CRA — steht für: Clinical Research Associate, auch Klinischer Monitor California Republican Assembly Chinesischer Restsatz Algorithmus Carry Ripple Addierer Community Reinvestment Act Comparative Risk Assessment, Methode zur Risikoabschätzung und… … Deutsch Wikipedia
