Submitted by Keith (not verified) on April 3, 2009 - 12:14am.
You are so completely 100% wrong! The box you check off -- whether you're black/hispanic/white is not CRA related!! It's the HMDA box, as those of us in the biz know, and it's to ensure we are not redlining in our day-to-day operations. If, at the end of a 2 yr period, for example, and you get audited, they look to see if you're only doing loans to your white suburban friends. There's no such thing as quotas, there's no such thing as being sure you meet your CRA requirements. You simply are showing that you are doing business with all sectors of the local economy you happen to be in. Wow, your ignorance is appalling, and you're in this just to blame the Dems, nothing else. Quit listening to Elrushbo and get yourself educated!
You are so completely 100%
You are so completely 100% wrong! The box you check off -- whether you're black/hispanic/white is not CRA related!! It's the HMDA box, as those of us in the biz know, and it's to ensure we are not redlining in our day-to-day operations. If, at the end of a 2 yr period, for example, and you get audited, they look to see if you're only doing loans to your white suburban friends. There's no such thing as quotas, there's no such thing as being sure you meet your CRA requirements. You simply are showing that you are doing business with all sectors of the local economy you happen to be in. Wow, your ignorance is appalling, and you're in this just to blame the Dems, nothing else. Quit listening to Elrushbo and get yourself educated!