| Sumario: | The writer examines the outcomes of Community Reinvestment Act (CRA) agreements, comparing the mortgage and home improvement lending of banks with and without agreements. He analyzes Home Mortgage Disclosure Act data for all states and metropolitan areas with CRA agreements in effect and compares mortgage and lending to low-income and minority households and neighborhoods by banks with and without agreements and by banks with different kinds of agreements. His findings reveal that banks with CRA agreements seem to be more responsive than are other banks to the credit need of minority and low-income households and neighborhoods, particularly when independent mortgage banks, which are not subject to CRA, are discounted from the study. However, he reports few significant variations in the lending practices of banks with different types of agreements, including banks with negotiated and voluntary agreements.
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