Real Estate/Development
Jun. 23, 2010
Banks May Gain From Aid
Banking lawyers expect lending institutions to work harder to support nationwide foreclosure-tackling efforts as a result of a proposed change to the Community Reinvestment Act.
Daily Journal Staff Writer
Banking lawyers predict lending institutions will work harder to offset the impacts of home foreclosures as a result of a change to the Community Reinvestment Act being proposed by financial regulators.
Under the proposal that began a public comment period this week and is part of a series of broader tweaks to the 33-year-old federal law, banks would get "positive considera...
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