The way homes are bought and sold is currently undergoing a seismic disruption.  Recent lawsuits and legal verdicts are transforming conventional commission structures and practices which have sent extreme shockwaves through the real estate industry.  The implications of these shifts, are triggering significant changes and challenges for home buyers, real estate agents, and lenders. 

The Community Reinvestment Act (CRA) is a federal law that was first passed in 1977. Its purpose was to assure that banks did not discriminate against individuals or businesses within their communities, including underserved markets such as low and moderate-income (LMI) neighborhoods. The Federal Reserve System (FRS), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) all evaluate how banks are fulfilling the CRA.

Since banks can get fined for not serving these areas of their community, we’ve put together a guide on what you need to know about the Community Reinvestment Act and how you can increase your minority and LMI lending.