Securitization

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OCC Proposes Expansion of Community Reinvestment Act 

Feb 12, 2008By

As the housing crisis rolls on unabetted, Comptroller of the Currency John C. Dugan on Tuesday called for an amendment to the Community Reinvestment Act regulation to provide CRA consideration for community development investments in middle-income communities that are distressed as a result of mortgage foreclosures and related economic factors affecting the area.

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