[quote=genek1953]
And this entire discussion overlooks the fact that CRA had no real impact on loans to homebuyers in the affluent areas that saw the greatest rises during the bubble and are now seeing the greatest drops. [/quote]

I thought most of Rich’s charts showed that the greatest gains in % increase were in the low and middle income groups. Ironically those same groups are responsible for the majority of the decline from peak to date.