Question by abe frohman: What is the significance of the Community Reinvestment Act of 1977 (passed during the Carter Administration)?
How did the changes to the law in 1995 (Clinton Administration) affect this law?

“The 1995 revisions were credited with helping to substantially increase the amount of loans to small businesses and to low- and moderate-income borrowers for home loans. Part of the increase in the latter type of lending was no doubt due to increased efficiency in the secondary market for mortgage loans. The revisions allowed the securitization of CRA loans containing subprime mortgages. The first public securitization of CRA loans started in 1997.”

Best answer:

Answer by Jack Hoff
Correct me if I’m wrong but I believe the significance is an old, old wooden ship used by the pioneers in the Civil War Era.

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