The Homa Files

In the early 1990s, subprime mortgages were virtually unheard of.

By 2000  they made up more than 9% of the market for mortgage originations.

Today they’re 20%.

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Excerpted from IBD, “Stop Covering Up And Kill The CRA”, November 28, 2008
http://www.ibdeditorials.com/IBDArticles.aspx?id=312766781716725

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