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payingmore3_april2009_collaboration_0.pdf

This report analyzes 2007 Home Mortgage Disclosure Act data and finds that, in low- and moderate-income communities, depositories with CRA obligations originate a far smaller share of higher-cost loans than lenders not subject to CRA.  It also finds that lenders covered by CRA are much less likely to make higher-cost loans in communities of color than lenders not covered by CRA.