how many years have the wingnuts on et hammered the meme that the crash was caused by the cra? i suppose even this report wont change your mind but there it is: "The Commission concludes the CRA was not a significant factor in subprime lending or the crisis. Many subprime lenders were not subject to the CRA. Research indicates only 6% of high-cost loansâa proxy for subprime loansâhad any connection to the law. Loans made by CRA-regulated lenders in the neighborhoods in which they were required to lend were half as likely to default as similar loans made in the same neighborhoods by independent mortgage originators not subject to the law."